We were expecting Cooley's to open late summer or early fall but construction of the sexy 8,879 sf gastro-pub has yet to begin & it's almost Halloween! So what gives? Sources close to the WeHo mogul, David Cooley, claim the construction of the kitchen alone is going to cost $2million & that David called in the experts to do an analysis of his new venture & they said it would be a poor investment due to it's size, buildout costs & other geo/economic factors. At the end of the day it looks like Cooley's will be a loss & being the wise businessman David Cooley is we're going to assume he'll cut his losses before breaking ground. To be honest who needs a fancy analysis when you can just take one look at the lack of success PUMP is experiencing.
Alfredo Diaz, part owner of Revolver, has filed for bankruptcy & has chosen or is being forced to sell his stake in Revolver. Alfredo actually protested the opening of Cooley's & even though he may have gotten his way for now... it may all be in vein since the only person with experience & the cash on hand to purchase Alfredo's stake in Revolver is .... David Cooley. And after having a first hand conversation with David himself we can tell you that he is absolutely 100% interested in acquiring Alfredo's share but it ain't over until the check is cashed.
1. California Bankruptcy Record
Name: DIAZ, ALFREDO JOHN (PRIMARY)
Address: _____ S CITRUS AVE
LOS ANGELES, CA 90036-3040
Filing Type: INDIVIDUAL
Filer Type: INDIVIDUAL
Case Number: 1429992
Filing Date: 10/22/2014
Filing Type: Chapter 7
Nothing would make us happier than seeing Eleven Nightclub close it's doors after it's last Halloween event but we're not so sure Rich Grossi's deal with Flamming Saddles is actually going through. Sources close to the venue say that Rich's lease expires in 6 months & that the landlord sent a letter to the Flamming Saddles' investors warning them of a 30% increase in rent once the lease they assumed from Rich expires.... And the application/permit that was recenly posted on the building for Flamming Saddles has since been removed. So now we're all just waiting for Nov.1st to come along so we can find out what the hell is really going on. Dear Madonna, please let this be the end of Rich Grossi.
Who knew WeHo bar gossip could be so... RICH!!
Neo & GG