Latitude 360's landlord moves to evict it from Jacksonville location

Started by thelakelander, October 19, 2015, 07:28:15 AM

thelakelander

Hmm, doesn't sound so good....

QuoteLatitude 360's landlord has filed paperwork to evict the entertainment company from its Jacksonville and Indianapolis locations, saying the Jacksonville company owes $3 million in past rent and other charges.

The motion for final judgement is part of a lawsuit that was started a month ago by 30 West Pershing, a limited liability company based in Missouri.

The entertainment venue company is leasing both the Indianapolis and Jacksonville locations from West Pershing; the unpaid rent, Latitude 360 CEO Brent Brown said, is related only to the site in Indianapolis.
"Obviously we're going to work it out," Brown said. "We were hoping we could work it out outside the courts."

Full article: http://www.bizjournals.com/jacksonville/news/2015/10/16/latitude-360s-landlord-moves-to-evict-it-from.html
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali

spuwho

Quote from: thelakelander on October 19, 2015, 07:28:15 AM
Hmm, doesn't sound so good....

QuoteLatitude 360's landlord has filed paperwork to evict the entertainment company from its Jacksonville and Indianapolis locations, saying the Jacksonville company owes $3 million in past rent and other charges.

The motion for final judgement is part of a lawsuit that was started a month ago by 30 West Pershing, a limited liability company based in Missouri.

The entertainment venue company is leasing both the Indianapolis and Jacksonville locations from West Pershing; the unpaid rent, Latitude 360 CEO Brent Brown said, is related only to the site in Indianapolis.
"Obviously we're going to work it out," Brown said. "We were hoping we could work it out outside the courts."

Full article: http://www.bizjournals.com/jacksonville/news/2015/10/16/latitude-360s-landlord-moves-to-evict-it-from.html

Was there last weekend. Place was packed. 4 parties in the restarant plus a UF Booster Club event. More people were coming in when we left.

Sounds like a repeat of Whisky River.

They will keep going until the landlord locks them out.

If paychecks are being delayed and they arent paying the rent, then where is the money going?

thelakelander

I wonder the same. Despite the place being packed, they clearly have a problem with paying their debts on time. No one owed money wants to continuously put up with that crap.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life." - Muhammad Ali

pierre

I was there yesterday with my son for a friend's birthday party. The bowling alley was packed. The restaurant/bar was crowded with people watching football. The place is always busy. It would be a shame if it closes.

coredumped

I'd hate to see them go out of business. I much prefer Dave & Busters over Lat 360 though. Props to them for making bowling "cool" again.
Jags season ticket holder.

FSBA

Definetly something shady going on over there. That place has been packed from the minute its doors opened for business. If they're not paying employees and not paying rent, where is all that cash going?
I support meaningless jingoistic cliches

martt12

Business is great there. Something shady is definately going on... However, on the other hand I was expecting business to "slow down" once Top Golf came.

acme54321

Quote from: FSBA on October 19, 2015, 03:51:23 PM
Definetly something shady going on over there. That place has been packed from the minute its doors opened for business. If they're not paying employees and not paying rent, where is all that cash going?

They could be trying to support other failing locations with anything they have (money from Jax).  OR they're just pocketing it all until the whole thing crashes down then trying to walk away.


spuwho

We used up the rest of our gift cards last week and will cancel the monthly subscription as soon as the doors get locked.

Costco was still selling gift card packs and I warned the manager that the press was reporting a pending foreclosure.  He said Costco Corporate would resolve any issues when they arise.

ProjectMaximus

Quote from: spuwho on December 02, 2015, 03:24:20 PM
We used up the rest of our gift cards last week and will cancel the monthly subscription as soon as the doors get locked.

Costco was still selling gift card packs and I warned the manager that the press was reporting a pending foreclosure.  He said Costco Corporate would resolve any issues when they arise.

Good call. I got a couple gift cards from networking a couple years back and still haven't used em. I may never get a chance...

coredumped

Quote from: spuwho on December 02, 2015, 03:24:20 PM
We used up the rest of our gift cards last week and will cancel the monthly subscription as soon as the doors get locked.

What was the subscription for? I didn't know they had one...
Jags season ticket holder.

spuwho

Lat360 offfered a monthly subscription that offered movies, 1 hour of bowling, pre-paid game room cards and concierge service. We did it because it was a cheap way to see kids matinees and get game room time.

But even the kids were starting to notice that the games were broken alot and the prizes were from Costco or Amazon.

jaxjaguar

Such a shame... this place had a lot of business / potential. Hopefully someone can step in soon so it doesn't become a deadspot.

coredumped

Thanks, I didn't know about that.
This must be due to mismanagement, the place always seemed busy and the drinks weren't exactly cheap.
Very sad to get bounced checks for those employees, especially around Christmas.
Jags season ticket holder.