There has been quite a bit of local chatter lately about the former Olde Towne Tavern & Grille site in Suwanee.
The official line is that there has been "significant interest" in the site in Town Center, which has been vacant since December 20, 2012, according to a spokesperson for the landlord.
"Hopefully soon, we'll have a new tenant," said leasing agent Sue East of Madison Retail, which controls the commercial properties in Town Center.
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East declined to elaborate further about the site's prospects.
Olde Towne closed abruptly in December in a bankruptcy proceeding. Owner Robert Moravek had filed for Chapter 11 bankruptcy in July 2013. However, the case was converted to Chapter 7 by a bankruptcy judge in December, at the request of the trustee.
Chapter 7 required an immediate shutdown for liquidation purposes. Chapter 11 would have allowed the owner to continue operating the restaurant with a recovery plan.
Court documents dated November 20 showed that the trustee felt that the Olde Towne owner was not complying with the Chapter 11 terms. The documents said:
- Olde Towne owner's operating statements for July through September 2012 were "inaccurate and inconsistent."
- As of September 2012, the owner had "past due sales taxes in excess of $8,000."
- The owner "has failed to provide documentation to support its position that cash transactions in excess of $43,000 in the ninety days prior to filing (for bankruptcy) were for business purposes."
Moravek had owned the Suwanee site since 2011. Olde Towne had operated in Suwanee since the mid-2000s.
Olde Towne also operates a franchise in Lawrenceville. Under Moravek, the Suwanee site operated independent of company control.
- Olde Towne Restaurant Closes Suwanee Location