Ex-Dream Nite Club Realtor: 'We have zero intention of putting another nightclub in'
Colliers hopes that the property at 314 S. Fourth Avenue will soon house a successful restaurant
Melanie Maxwell | AnnArbor.com
"We’re going after strong restaurants with strong financials and a proven track record," said Brendan Cavender, who is listing the property along with Jim Chaconas.
"Let me be very clear: We have zero intention of putting another nightclub in."
V.R. Entertainment had been leasing the space, owned by Dean Zahn Properties LLC, and had operated first as Studio 4, and then as Dream Nite Club.
Both ventures had multiple issues with the Ann Arbor officials, including the loss of their liquor license. The two clubs also had disputes with the Ann Arbor Police Department over noise complaints and multiple fights and assaults that occurred in and around the club.
Dream Nite Club was evicted in May after it filed for bankruptcy.
Due to multiple problems as Studio 4 and Dream Nite Club, another bar or nightclub is not being considered for the property.
Paula Gardner | AnnArbor.com
After Studio 4 closed in 2010, Dennis Sarras, who held a long-term lease on the building, said he planned to convert the property into office space.
At the time, Sarras - an owner of the MainStreet Ventures restaurant chain - said he would love to "get the bar out of there, and get a different use in."
Cavender said current landlord Matt Zahn has given Colliers permission to market the property in the best way they see fit. He said that while the property is primed for restaurant use, office space is also an option.
"There's a big demand for downtown space, especially for a lot of tech companies," Cavender said. "They love the open feel, and if they can afford the space we’d be happy to work with them."
The listing is currently for $18 per square foot per year for the 8,100 square foot property, plus taxes, insurance, and maintenance.
Ben Freed covers business for AnnArbor.com. Reach him at 734-623-2528 or email him at benfreed@annarbor.com. Follow him on twitter @BFreedinA2
Comments
swcornell
Thu, Jun 21, 2012 : 5:37 a.m.
I would like to see Cafe Havana come back! Fish Taco's Yea.
PersonX
Wed, Jun 20, 2012 : 5:50 p.m.
How about something novel--a innovative, chef-driven restaurant with original, simple and good food that does not overcharge ... Not another chain pizza or hamburger joint please ....
eyesofjustice
Wed, Jun 20, 2012 : 6:22 p.m.
@ 12,500.00 Rent plus insurance and taxes your looking at around 15k per month in rent, plus renovations. The building is old and needs alot of work, it would be a big investment.......
John Baker
Wed, Jun 20, 2012 : 4:45 p.m.
When I was in DC this spring, I visited a place called Kramerbooks & Afterwords Cafe (http://kramers.com/index.html) - It was a bookstore first, but also a great brunch place... I feel that a solid bookstore is still needed, and if you can order a few drinks at the bar while you flip through some magazines... great!
notnecessary
Wed, Jun 20, 2012 : 6:05 p.m.
Kramerbooks on Dupont Circle (not sure if there are other ones) is one of the weirder establishments I'd ever been to... Went there for lunch once and it was just odd. Probably would fit in with A2 but I dont think this space is really big enough or would attract the right weird crowd....something like that would go better on like Maynard not that there's any space..
Honest Abe
Wed, Jun 20, 2012 : 2:19 p.m.
Maybe Eve the Restaurant will come back!?
mixmaster
Wed, Jun 20, 2012 : 12:49 p.m.
That's Dennis Serras with an "e" not an "a".
mixmaster
Wed, Jun 20, 2012 : 3:44 p.m.
Who votes no on correcting the spelling of one of Ann Arbor's long time restaurateurs and downtown supporters? Good grief! annarbordotcom has really poor reporting skills when they can't even get a business owners name correct or correct it when it's pointed out to them. Mr Serras has been around for decades and Maude's was part of his business.
towncryer
Wed, Jun 20, 2012 : 12:40 p.m.
Roller Rink? (allbeit a cozy one with the square footage, lol). Or a ping pong lounge---all the rage in NYC.
a2citizen
Wed, Jun 20, 2012 : 12:24 p.m.
How about a DiGiorno Pizzeria?
Madeleine Borthwick
Wed, Jun 20, 2012 : 2:55 p.m.
no-no-no! the last thing we need is yet another pizzeria.
James
Wed, Jun 20, 2012 : 11:40 a.m.
It needn't become office space by default. The management of these clubs at the time sought a certain clientele and it was unbecoming, hostile and insensitive to the rhythms that make our town the pleasant place it is. The Blind Pig may be the seediest dive in town (bless 'em) yet I cannot recall being aggressed, nor seeing others aggressed en masse over a closing time argument about being "dissed" (whatever that means). Much less gunfire. Poor choice by one proprietor should not relegate the property to office space banality.
Some Guy in 734
Wed, Jun 20, 2012 : 1:40 p.m.
Can you unpack what "certain" means? Is "certain" a code word for hostile and insensitive?
Marianne Smith
Wed, Jun 20, 2012 : 10:19 a.m.
Here's an idea - how about an American fare restaurant - you can call it Maude's. Bet it would be extremely popular.
bobslowson
Wed, Jun 20, 2012 : 7:19 p.m.
You can still get Maude's recipe ribs at Carson's on Plymouth road...very tasty indeed!
Steve Burling
Wed, Jun 20, 2012 : 6:01 p.m.
Beat me to it, Marianne!
cubicle
Wed, Jun 20, 2012 : 4:07 p.m.
Why don't we also go back to 1984 and celebrate the Tigers winning the World Series? Things change. Everyone who wants Maude's to come back needs to get a grip on reality.
Madeleine Borthwick
Wed, Jun 20, 2012 : 2:56 p.m.
Marianne! Good idea. we could use another rib joint(yum!).
Janis
Wed, Jun 20, 2012 : 1:10 p.m.
That was my thought too, as soon as I read the article. Loved that restaurant and was very sorry it closed.
Arboriginal
Wed, Jun 20, 2012 : 12:33 p.m.
Maude's for ribs? Sounds like a plan!