Report: 100 Montaditos Files for Bankruptcy, NYC Expansion Halted

Posted on: March 9th, 2015 at 5:12 am by
This image has been archived or removed.

Suddenly the epic failure of 100 Montaditos on Ludlow Street back in December now makes more sense. Reports surfaced last week that the corporate parent of stateside operations went belly up, and is filing for Chapter 11 bankruptcy protection in Florida courts.

The legal proceedings put a halt to the aggressive expansion plans the Spanish-based “fast casual” chain had cooked up. Namely, an additional 29 locations citywide.

This bankruptcy filing apparently has little bearing on company operations in its homeland, though, where some three hundred locations are flourishing.

Meanwhile, the franchise owner at 177 Ludlow had previously threatened to return with a new “upscale concept.” No word just yet on whether this will actually happen, but Community Board 3 will likely continue its stand against full liquor at this address.

100 Montaditos lasted a paltry three months on the block, and tried to strong arm a full liquor license, but only made out with beer and wine. The franchise spent more than a year building the joint and dealing with booze before finally opening this past August. It was another establishment in the longstanding trend of spending more time on the build-out than in business.

177 Ludlow is owned by controversial landlord Samy Mahfar, who purchased the property in September 2012.

Recent Stories

Under Presure from Chinatown, Mayor Pledges $80M to Restore 70 Mulberry Street

The fire-scorched school building at 70 Mulberry Street will see life anew, thanks to massive city funding. Mayor de Blasio announced yesterday in his morning press briefing that the new budget contains a line item for $80 million dedicated to restoration of the historic building. Hizzoner spent a solid four minutes discussing how Chinatown was […]

Fearing COVID-19 Resurgence, De Blasio Halts Indoor Dining Indefinitely

Not so fast. Phase 3 of the reopening plan is slated to launch on Monday. However, it arrives without the resumption of indoor dining at bars and restaurants, as initially conceived. Mayor de Blasio announced the news at his morning presser yesterday, citing the nationwide surges of COVID-19 cases and the elevated dangers of indoor […]

When Rivington House Wouldn’t Clean its Garbage Mess, a Neighbor Stepped In

A Good Samaritan took responsibility where a multimillion-dollar hospital system would not. As previously reported, the outside of Rivington House – future home of Mount Sinai’s future Behavioral Health facility – essentially devolved into decrepitude with the accumulation of trash at the doorstep. Untouched for days on end. But one Lower East Sider took matters […]

Chillhouse Shutters Original Essex Street Spa

The list of coronavirus-related business closures is getting longer by the week. Today brings word that an Essex Street newcomer has bitten the dust. Chillhouse, a millennials-style spa at 149 Essex Street, is the latest to fall. Ownership announced the permanent shutter in an e-mail to customers Tuesday afternoon. “As we all know too well […]

Hamilton Fish Park Pool to Reopen by August 1

In an about-face, the city announced yesterday that at least fifteen public pools will reopen across the Five Boroughs. Included in the lucky list is the Hamilton Fish Park pool, known to locals as the “Pitt Pool.” But the cooldown will have to wait another month. The reopenings are scheduled for August 1, and are […]