This is the Ivy, after all, and there’s definitely some money in the room, both real and aspirational. There likely will be a stream of big, fancy cars pulling up to the valet, each bigger and fancier than the next, out of which might step a well-dressed family with some extremely bored kids on their phones, or an older couple where the woman is dressed in a red blouse, fuchsia power pants and black heels, or a guy rocking the Adam Sandler look: dressed for a pickup game at the Y but with an unerring confidence that only piles of hidden money can imbue. He added that another restaurant would likely be brought into the space, and that the two halves of the property may be leased separately.ĭan Schneider may be reached at to incorrect information provided by the owners, the original version of this story misstated the closing date.On a given afternoon at the Ivy, Richard Irving and Lynn von Kersting’s Robertson Boulevard restaurant, you might see three young women in identical black tops and workout pants taking selfies on the sidewalk, or someone from an old NBC sitcom whose name you can’t quite access before you catch yourself staring. It’s not that the restaurants weren’t profitable or successful, they’ve just sold most of their portfolio,” Albanese said. “We had an idea that they wouldn’t be renewing the lease. Vin Albanese, a real estate consultant managing the deal for Eastern Retail Properties, says that there has been interest in the 15,000-square-foot property, which shares a common kitchen, over the last six months. Its leasing broker for the soon-to-be former site of Joe’s and Papa Razzi is Eastern Retail Properties. The Hanover property is owned by Centremark Propreties, which owns all of Merchants Row in Hanover. Sarkis Restaurant Group’s only remaining restaurants are a Papa Razzi and Joe’s located in Short Hills, N.J.Ĭharlie Sarkis, who is still the CEO and principal shareholder of the company, could not be reached for comment because of his health. in 2012, although a Papa Razzi location in Boston’s Chestnut Hill neighborhood remained open until June 30 of this year. Most of the remaining companies were sold to the Rhode Island-based Newport Harbor Corp.
While Sarkis was in the midst of a bitter public dispute with his children, many of whom were formerly employed by the company, he began selling off his restaurants in 2011, first to the international private investment firm Tavistock Group in a $50 million deal. Hillary’s under the Back Bay Restaurant Group umbrella. He spent nearly 50 years in the restaurant business, launching well-respected Boston brands such as Abe & Louie’s, Joe’s American Bar & Grill, and the Victorian pub-style J.C. The closure of the Hanover restaurants marks the passing of an era for Sarkis, who has fought brain cancer. Sarkis’ career, re-leasing space or opening new restaurants is really not part of his plan.”Īs a part of the closure the company will lay off about 100 employees of the two restaurants, both located at 2087 Washington St. “We’ve enjoyed 20 fabulous years on the South Shore,” Escobar said. The last two Massachusetts locations in the restaurant empire built by Boston’s Charlie Sarkis will close next month.Īnn Marie Escobar, a senior vice president at Sarkis Restaurant Group – formerly Back Bay Restaurant Group – confirmed that Joe’s American Bar and Grill and Papa Razzi in Hanover will close Oct.
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