Orchestra Partners, a real estate company that owns the buildings where several popular Magic City bars and restaurants are located, has chosen to give its tenants a rent holiday until June.
The decision to exempt the companies in question from payments until June was made in light of the economic stress caused by the coronavirus precautions.
Orchestra’s holdings include the Avondale Brewing Block, Five Points Lane, Founders Station, The Frank, The Woolworth and Mercantile on Morris.
John Boone, co-founder and principal of Orchestra Partners, said in a release, “Our projects feature several food and beverage concepts, some of which are among the most popular bars and restaurants in the city and have helped us create unique and vibrant neighborhoods.”
With regards to the coronavirus downturn, Boone continued, “The current situation is simply unprecedented – people and businesses are struggling through no fault of their own.
“It’s our responsibility as investors in this city to do the right thing and support our tenants, who we want to continue driving Birmingham’s growth when this crisis subsides,” he added.
According to the company’s website, part of the mission of Orchestra is to target existing buildings in downtown Birmingham and redevelop them into spaces for new businesses.
The group is encouraging residents of the Birmingham area to order curbside or delivery from restaurants in their properties. The restaurants include: Bayleaf Authentic Indian Cuisine, Cayo Coco Rum Bar and Restaurant, McFly’s Bird Shoppe, Pilcrow Cocktail Cellar, Post Office Pies, Saw’s Soul Kitchen, Trattoria Zaza and The Woolworth Recreation and Refreshment.
Henry Thornton is a staff writer for Yellowhammer News. You can contact him by email: [email protected] or on Twitter @HenryThornton95.
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