After 16 Months, Galli Restaurant on Rivington Street Wants to Cash Out

Posted on: February 11th, 2016 at 5:15 am by
This image has been archived or removed.

Sixteen months after debut, the Lower East Side outpost of Galli Restaurant is apparently on the rocks. Just like Rouge Wine Bar down the block. Proprietor Michael Forrest, the Board Chair of the Lower East Side Partnership (nee BID) who also happens to own 98 Rivington Street, just placed the space on the open market. Listings to that effect have already gone live.

Boy, it’s a doozy. Forrest seeks $25K in monthly rent for the 3,200 square-foot space, plus key money of an additional $375K. That’s $10K more than the asking price from just a few years earlier after ‘inoteca left. The advert is quick to note the full liquor license, sidewalk cafe, and eighty feet of “all glass frontage.”

In retrospect, this impending sale is exactly what neighbors feared would happen back when the liquor license was considered in April 2014. It was at the SLA subcommittee meeting of Community Board 3 that the opposition, namely the LES Dwellers, warned that the added value of a liquor license would be incentive enough for Forrest to sell the business down the line. Guess what…

This image has been archived or removed.

Of course, how could we forget that 98 Rivington Street was previously home to the popular Italian joint, ‘inoteca. They lasted more than a decade on this corner, but folded in February 2014. Almost two years to the day. Crazy.

Recent Stories

Police Chase, Shoot at Man Armed with 2 Knives on the Bowery

Police this morning shot at an alleged robbery suspect who resisted arrest and threatened officers with two knives. It began at 8:00am when police received the first call about an emotionally disturbed man who threatened a woman with a glass bottle outside 80 East Third Street, and attempted to steal money. He then fled south […]

The ‘Basic Necessities’ of Broome Street

Six months ago, Basic Necessities became part of Broome Street. Conceived by artist Michelle Repiso, the multimedia project tackles “three individuals and the mechanisms they used to sustain their humanity while incarcerated.” Now, with an Artist Corps Grant, Repiso is taking it one step further with community engagement. Tomorrow, the artist will be crowdsourcing participants’ […]

St. Marks Church in-the-Bowery Awarded Sacred Sites Grant of $35,000

One of the oldest houses of worship in the city will receive some much needed financial aid for their ongoing restoration endeavours. The New York Landmarks Conservancy has awarded St. Marks Church in-the-Bowery $35,000 through their Sacred Sites grant, a designation that administers monies to historic religious properties throughout the state. The church on East […]

Borough President Implores Parks Commissioner to Address Community Concerns in Sara D. Roosevelt Park

Two stabbings within a twelve-hour period last weekend highlighted the decrepit, yet dangerous state of Sara D. Roosevelt Park. The violence apparently pushed Manhattan Borough President Gale Brewer to exert pressure on the Parks Department to address certain core issues. In a letter to Commissioner Gabrielle Fialkoff this week, Brewer identified two key concerns – […]

Loved Ones Crowdfunding for Grubhub Deliveryman Stabbed to Death on the LES

Loved ones have taken to online crowdfunding platform GoFundMe to help raise money for the Grubhub deliveryman stabbed to death in Sara D. Roosevelt Park last weekend. As reported, the incident transpired early Saturday morning near the Hester Playground in Sara D. Roosevelt Park. Surveillance footage shows that the attacker sat on the bench next […]