12th Ave’s Varro has five days to pay more than $20,000 in back rent or vacate its Packard Building home, according to a notice posted on the lounge’s door Thursday by the development’s attorney.
On Monday, CHS reported that Varro was for sale for $20,000 an amount owner Glenn Walker told us was not accurate.
The notice, addressed to Varro owners Walker and Christopher Hurt, says the business must pay $20,311.07 in owed rent or vacate the premise within five days. A separate notice also commands the duo to restore a gas sub-meter that the attorney says was not authorized to be removed from the retail unit. A third member of Varro’s corporation, Josephine Baik, is not mentioned in the document.
By city law, the document says, any amount owed will be doubled if the commercial tenant does not reach an agreement on rent or vacate the premise in the five-day window.
We have an e-mail out to Glenn Walker asking him for more information on the situation and what his plans are for Varro given the new development.
Varro opened on 12th Ave only months ago and was concepted as the first in a chain of lounges based on the Italian theme. It was closed for much of last week for what Varro reps first said was renovations and later told us was for “changes in the kitchen.”
In April as Varro prepared to open, we wrote about Seattle restauranteur Rich Troiani’s role in the business and the role of Walker who describes himself as a “hospitality entrepreneur:”
The investment in the new space is significant with a $160,000 construction budget according to city records. A look at Troiani’s crew also gives you a sense that this is a big concept about to hit the ground. There’s a social media person already on staff and a full-time music director who will spin live mixes throughout Varro’s open hours. And then there are the backers. Troiani is an industry vet formerly behind downtown’s Troiani steakhouse. Partner Glenn Walker is described as a “hospitality entrepreneur.” His Cherry Tree Management, LLC invests in “hospitality, restaurant and entertainment” spaces. It sounds like Varro will be a little of all three.
At the time, one of the business’s owners bragged to CHS that the construction budget nearly doubled during the course of the build-out. Barely five months later, Varro could again use that cash, it seems.
The Packard Building is a CHS advertiser.