Since January, 2003
            
 Page Through from Before to After

The DC Twitterverse lit up Friday night when the Wall Street Journal (?) reported the Chapter 11 bankruptcy filing by Barracks Row Entertainment, the company behind the slew of neighborhood restaurants opened by Xavier Cervera, including the revamped Hawk & Dove, Lola's, Molly Malone's, Boxcar, Senart's, The Chesapeake Room, and Pacifico Cantina.
Barracks Row Entertainment is also behind the Park Tavern at Canal Park, and the will-it-ever-open Willie's Brew and 'Que at the Boilermaker Shops at the Yards, and those two entities are part of the bankruptcy as well. The filing says that the company has "between $1 million and $10 million in debt."
What does it all mean? I guess we will just have to see....
Comments (5)
   
 
 More About Restaurants/Nightlife

JDLand.com Home

Comments

Tom says: (3/30/14 1:31 AM)
Nothing systemically was changed since 2008. Same old banksters. Same old money printing. But Wiley E. Coyote's starting to recognize that he's running on air.


conngs0 says: (3/30/14 8:37 PM)
Very disappointing, but not particularly surprising. Some of these establishments clearly won't survive the bankruptcy proceedings or any possible liquidation, but hopefully most do. You'd think that Willie's has some of the best odds of doing well given its location in such a popular area. Park Tavern got a raw deal this winter with the fact that the ice skating rink didn't work until almost Christmas, and then it was too cold for skaters to come out after that. Hopefully it gets a shot at another year. Regardless, it's definitely not a good idea for so many restaurants to be under the same ownership. Hopefully multiple buyers emerge and can contribute to a little more variety for the Navy Yard and Barrack's Row neighborhoods.

In the meantime, best of luck to the many very good people who work in these restaurants. A bankruptcy filing surely doesn't mean they'll lose their jobs, but it certainly creates a bit more uncertainty than anyone would want hanging over them.


3of8 says: (3/31/14 11:48 AM)
I'm confused, is the restaurant group that is going bankrupt the one that bought the restaurants a few years ago?

link

If so, I wonder if in the transaction, they loaded the restaurants with debt from somewhere else in their portfolio as part of it. I've seen that happen before, acquisitions are just a vehicle to transfer debt, then let them die while your other assets have been relieved of their burdens. Seems like there should be more to this story.


JD says: (3/31/14 12:06 PM)
Here's the press release, via link

Barrack’s Row Ent. Group, LLC Files for Bankruptcy Under Chapter 11 of the United StatesBankruptcy Code

Washington, DC – Barrack’s Row Ent. Group, LLC announced today that in an effort to address and reorganize certain structural debt issues, it and its operating subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United StatesBankruptcy Court for the District of Columbia.

The Companies’ bar and restaurant operations are expected to continue as normal and staff, food, liquor vendors and suppliers will be timely paid going forward throughout the bankruptcy process as it works to reorganize its debt structure.

“Since August, 2013, margins have declined significantly. After careful consideration of available alternatives, we determined that a Chapter 11 filing was a prudent and necessary step to maintain and enhance operations and allow for a successful restructuring,” said William Nimmo, Managing Member of Barrack’s Row Holdings LLC.

The reorganization will be supervised by part-owner and CEO, Richard Cervera, a leading restaurateur and former CEO of the Taco Cabana chain, as well as Founder and CEO of Edun Ltd, the parent company of the Edun brand of sustainably made clothing co-founded by Bono and Ali Hewson. “Richard is one of the most experienced and knowledgeable individuals in the restaurant industry, developed a cutting edge brand in Edun, and has even worked to enhance a venerable leading restaurant in Napa Valley. He has our full confidence to build on the great things we’ve got going while reordering the debt side of the house,” continued Nimmo.

“This reorganization will allow us to refocus our efforts on what is needed most: a rededication to quality food and a neighborhood atmosphere that reflects the unique nature of Capitol Hill and our loyal customer base of families, Hill staffers, neighbors and Nat’s fans looking to eat and drink before or after attending a home game. We have opened Hawk n’ Dove, as well as Park Tavern over the past year, and look to further expand with Willie’s BBQ and enhancements to our existing locations," said Nimmo.

Our restaurants will all carry on business as usual, though we will utilize the bankruptcy process to make improvements where needed in all aspects of operations. We expect to emerge from this restructuring intact and with a manageable balance sheet. On behalf of the entire ownership and management team, I want to thank our customers and vendors for their continued loyalty during this process and to recognize the dedicated team members whose continued support and commitment have been and remain crucial to the future success of our local businesses,” said Nimmo.


JD says: (3/31/14 1:49 PM)
And there's this from the Hill Rag:

link


According to a source within the company, Richard Cervera has returned to take the reins as “CEO.” Cevera, brother of the restaurants' founder Xavier Cervera, had been fired from by the restaurants' investors. Xavier Cervera, who been retained briefly afterward in a consulting role to try and stabilize the business, was very disappointed with his brother's management decisions.

Xavier Cevera and his business partner, who hold two large notes from the current owners, are numbered among the creditors.

Many of the long term staff have reacted to Richard Cervera's return by resigning. A mass exodus, according to one source, may be in the offing.

“I worked for Richard when he just reopened the Hawk'n'Dove. It was really brutal. He did not treat his employees very well,” Jack McAuliffe, a former Barracks Row Entertainment employee.

- See more at: link

Add a Comment:

Comments are closed for this post.

JDLand Comments RSS Feed


 More News


See All Current News Items | Full Blog Archive

 
 Recent Posts

SWneighbor on Checking in From: Thanks for posting!
CJBabyDaddy on Inching from Quarantining: @walt: Good to know I’m not alone in my New FDMB geekdom. I, too, want to watc...
CL85 on Inching from Quarantining: Sorry, six motor vehicle thefts actually in that time.
CL85 on Inching from Quarantining: Anyone else notice what appears to be a spree of motor vehicle thefts in the nei...
jdc on Checking in From: Wow. It looks great! Meanwhile, the construction around Half St. and K is such a...
Get JDLand Updates In Your Inbox!


Thousands and thousands of photos showing the neighborhood changing. More than 150 buildings no longer with us. All the news, since 2003. Photos from various archives showing the neighborhood in the more distant past. Maps from the early 1900s. Overhead Photo Comparisons: 1949, 1988, 2002-2008. All Blog Entries, 2003 - Present Major Events, 1799 - Present A series of blog entries looking at the neighborhood's history.
Near Southeast's Rearview Mirror


City Government Data for Near Southeast Records added or updated recently displayed here; click the "archive" links to see additional detail and older records. All data from DC Government databases and RSS feeds. JDLand takes no responsibility for errors, omissions, etc. (read CapStat disclaimer). Data is retrieved daily.

Recent Crime Incidents Archive  
1000 B/O HALF ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 05/24/20
1200 B/O VAN ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 05/23/20
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 05/20/20
1100 B/O I ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 05/19/20
1100 B/O 1ST ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 05/19/20
1200 B/O HALF ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 05/17/20
100 B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 05/15/20
1200 B/O 4TH ST SE   ASSAULT WITH A DANGEROUS WEAPON  05/12/20
300 B/O WATER ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 05/07/20
100 B/O H ST SE   THEFT
Theft 2nd Degree (theft From Building)
 05/03/20
100 B/O L ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 05/03/20
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 04/28/20
400 B/O M ST SE   THEFT
Theft First Degree (theft From Building)
 04/24/20

Recent Issued Building Permits Archive  
1300 4TH ST SE RU-1   
05/14/20 
AP BOWER RETAIL LLC / null
P2006042 / SUPPLEMENTAL
1300 4TH ST SE   
05/08/20 
null / ;
P2005886 / SUPPLEMENTAL
   
05/15/20 
null / ;
P2006066 / SUPPLEMENTAL
929 5TH ST SE   
05/18/20 
CHRISTOPHER D FRENCH / CHRIS FRENCH; HERCULES FENCE OF MARYLAND, LLC HERCULES FENCE OF
F2000461 / CONSTRUCTION
1. Removal and replacement of front metal fence and gate in kind.  2. Removal and partial relocation of existing 6' tall wood fence in rear patio. The fence is currently approx. 30" inside the rear property line, and we intend to move the fence to our rear property line. The work includes removal of existing wood gate that opens from neighbor's property to our property along shared property line ...
300 M ST SE 4TH FL   
05/05/20 
FEDERAL CENTER LP / ;
P2005798 / SUPPLEMENTAL
250 M ST SE   
04/29/20 
SQUARE 769 LLC / TAMIKA STATON; OTIS
EN2001825 / SHOP DRAWING
Install 3 New Elevators - 3500Lbs @ 350FPM - Elevators 1 - 2 and 4
   
04/29/20 
SQUARE 769 LLC / TAMIKA STATON; OTIS
EN2001826 / SHOP DRAWING
Install 1 New Elevator - 4000Lb @ 350FPM - Elevator 3
   
04/29/20 
SQUARE 769 LLC / BRIAN C STROTT; NA
TL2000026 / CONSTRUCTION
9 story 173,125 GSF tenant improvement fit out.
   
04/29/20 
SQUARE 769 LLC / TAMIKA STATON; OTIS
EN2001827 / SHOP DRAWING
Install 2 New Elevators - 3500LB @ 200FPM - Elevators 5-6
300 M ST SE   
04/30/20 
FEDERAL CENTER LP / SAM HOLLEN; TBD
B2006591 / CONSTRUCTION
INTERIOR RENOVATION TO 5TH FLOOR OFFICE SPACE. PARTITIONS, FURNITURE, MEP AND LIFE SAFETY. NO STRUCTURAL. 4499 SQUARE FEET. NTT DATA.
   
05/01/20 
FEDERAL CENTER LP / null
E2007254 / SUPPLEMENTAL
   
05/14/20 
AMENTUM / null
E2007609 / SUPPLEMENTAL
111 N ST SE   
05/07/20 
BROOKFIELD PROPERTIES / MAHMOUD KHACHAN; NA
SB2000288 / CONSTRUCTION
Drill temporary eight soil borings to a depth of 80 each at the existing parking lot at 111 N Street SE, Washington DC. The diameter of the borings is 6 inches. The borings will be grouted upon completion in accordance with DCRA requirements as indicated in the work plan.
1111 NEW JERSEY AVE SE   
05/12/20 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / null
E2007563 / SUPPLEMENTAL
1275 NEW JERSEY AVE SE   
05/06/20 
UNITED STATES OF AMERICA / JUSTIN BELLOW; NA
B1913803 / CONSTRUCTION
PARCEL G PROJECT CONSISTS OF A NEW 12 STORY OFFICE BUILDING WITH STREET LEVEL RETAIL AND 2 LEVELS OF BELOW GRADE PARKING. 2 LEVEL PARKING APPROVED UNDER FOUNDATION TO GRADE FD1900047 & SHEETING AND SHORING SH1900050
   
05/19/20 
UNITED STATES OF AMERICA / null
M2002480 / SUPPLEMENTAL
   
05/19/20 
UNITED STATES OF AMERICA / null
P2006118 / SUPPLEMENTAL
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

Real Property Sales Archive  
No commercial transaction records added or modified in the past two weeks.


Project Directory
Completed
Thompson Hotel ('20)
West Half ('19)
Novel South Capitol ('19)
Yards/Guild Apts. ('19)
Capper/The Harlow ('19)
New DC Water HQ ('19)
Yards/Bower Condos ('19)
Virginia Ave. Tunnel ('19)
99 M ('18)
Agora ('18)
1221 Van ('18)
District Winery ('17)
Insignia on M ('17)
F1rst/Residence Inn ('17)
One Hill South ('17)
Homewood Suites ('16)
ORE 82 ('16)
The Bixby ('16)
Dock 79 ('16)
Community Center ('16)
The Brig ('16)
Park Chelsea ('16)
Yards/Arris ('16)
Hampton Inn ('15)
Southeast Blvd. ('15)
11th St. Bridges ('15)
Parc Riverside ('14)
Twelve12/Yards ('14)
Lumber Shed ('13)
Boilermaker Shops ('13)
Camden South Cap. ('13)
Canal Park ('12)
Capitol Quarter ('12)
225 Virginia/200 I ('12)
Foundry Lofts ('12)
1015 Half Street ('10)
Yards Park ('10)
Velocity Condos ('09)
Teague Park ('09)
909 New Jersey Ave. ('09)
55 M ('09)
100 M ('08)
Onyx ('08)
70/100 I ('08)
Nationals Park ('08)
Seniors Bldg Demo ('07)
400 M ('07)
Douglass Bridge Fix ('07)
US DOT HQ ('07)
20 M ('07)
Capper Seniors 1 ('06)
Capitol Hill Tower ('06)
Courtyard/Marriott ('06)
Marine Barracks ('04)


Overviews
Capper/Carrollsburg
Anacostia Riverwalk
New Jersey Avenue
M Street
South Capitol Street
The Yards
Lower 8th Street
East M Street
Boathouse Row





                  © Copyright 2020 JD.