Goose Island Brewpub In Danger Of Closing

By Amy Cavanaugh in Food on Jun 15, 2013 3:00PM

The Goose Island Clybourn brewpub is in danger of closing due to a rent dispute. if that sounds familiar, that's because the same thing happened in 2008.

Chicago Real Estate Daily reports:

Lease negotiations for the 12,500-square-foot restaurant and bar at 1800 N. Clybourn Ave. have broken down because of a dispute about rent and are “not moving forward,” said Chris Siavelis, senior vice president at Deerfield-based CRM Properties Group Ltd., which owns the property.

The owners of the brewpub, which opened in 1988, had sought a 30 percent rent reduction in the most recent talks, on top of rent abatements CRM granted in 2008, according to Mr. Siavelis. He declined to discuss specifics.

“We're sorry to see a long-term tenant go,” Mr. Siavelis said. “It's never something we want to have happen. However it is a business. We were simply looking to get closer to market rents in this latest negotiation.”

Goose Island reached a deal to stay in the space once before. CRM could re-lease the space to another restaurant or else divide it into smaller areas to market it to apparel retailers.