Proprietors of New York’s City Winery have announced they will be forced to vacate their current location on Varick Street in Manhattan, where the venue has been housed for a decade, due to Disney’s buyout of the building to make room for the company’s new NYC headquarters.
According to Gothamist, Disney signed a $650 million, 99-year lease with Trinity Church for the entire city block, with all the buildings to be demolished. “This is not unanticipated,” City Winery CEO Michael Dorf tells Gothamist. “When we signed our lease ten years ago there was a discussion and a clause about what would happen if they were to demolish the building. It foretold of the future. Trinity Church has been a good landlord and communicating with me about what was happening over the last couple of years. It was not a surprise at all. No one anticipated Disney to consummate the deal so quickly.”
As a press release notes, Dorf and City Winery NYC are aiming to move to a “bigger, better and improved space” that will house both a 300-capacity main venue and a separate 150-capacity performance space, along with upgraded kitchens and with a winemaking facility. Dorf hopes to open the new space on January 1, 2020.