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Shuttered Manhattan restaurant owes NYC $32 million in rent

When Pier A Harbor House opened in 2014, it was hailed as the next best event venue in Manhattan, providing spectacular views of the Hudson River, Ellis Island, and the Statue of Liberty from the building’s three-story, 28,000-square foot collection of dining venues.
New York City spent $30 million in city taxpayer money renovating the historic Victorian pier to make way for the venue. In exchange, the owners of Pier A – father and son Harry and Peter Poulakakos– signed a 25-year lease with the city promising to make $39.1 million in rental payments to the city over the course of the lease.
Pier A closed its doors in March 2020 due to the pandemic but never reopened.
The rest of the Poulakakoses restaurants throughout the city, including Harry’s NYC, Adrienne’s Pizza Bar, and Le District eventually did.
More at habc7ny.com

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