There still seems to be a lot of confusion about the foreclosure of Bar One. Last season, there were many teasers about the foreclosure that indicated this was somehow a financial failing of Peter’s. However, that is simply not true. The short version of the story is that like many restaurants, BarOne rents the space from the building owner. Peter has paid his rent every month to the owner. The owner however has been spending the rent on rims for his car and red bottom shoes or something rather than paid his mortgage on the building. Now the bank is trying to foreclose on the property.
During a recent interview by Uptown magazine, Peter was at BarOne waiting to meet with realtors and lawyers and the building owner to once again attempt to purchase the property. Once again, the owner did not show up. I would think that Peter could probably negotiate directly with the bank by now, but these things tend to become overly complicated with red tape, and the possibility that he will have to relocate BarOne still exists. And the owner of Cynthia’s new location for her agency across the street is the same damn owner who doesn’t pay his bills. It’s a mess y’all.
With regard to Peter’s new BarOne he is opening with Kordell Stewart in Charlotte, he claims it will be open by the end of summer. I’ve heard that one before, but that was before he brought Kordell into the deal. I wonder if the bar in Charlotte will allow people to sit down and relax or if they will have the same ridiculous rules that BarOne Atlanta has?
In other news, the majority of the Uptown interview, a magazine that Peter has some business connection with, was about how Peter single-handedly carries the ratings for RHOA, his wonderful business history and how everyone wants to hear what he has to say. Also, pretty much every topic for discussion has racial overtones. That said, it’s a well-written in-depth article. Go here to read the entire piece by Nikita Frenney.
Are you interested in this whole real estate debacle being the storyline for Cynthia and Peter next season?