Tag Archives: The Great Recession

Nathans Lives to See Another Day

Nathan's to Remain Open

GM hasn’t stated it directly, but it’s worth celebrating, at least a little bit, that today, April 1st, Nathans lives to see another day. As you may remember, today was supposed to be the end of Nathans. The lease was supposed to expire last night. As any reader of Carol Joynt’s blog could tell you, it appears that long negotiations with the landlord have resulted in a stay of execution for the restaurant. While the details are not widely known, Joynt told WUSA recently that “I think you’ll see us here for the foreseeable future, but it’s also predicated on the economy not getting worse.”

Not exactly the most optimistic words, but nonetheless today we all have something to celebrate because Nathans lives on.

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Halcyon House Is Slashing Prices

There’s a bumper crop of historic Georgetown mansions for sale right now. GM’s talked about Evermay before, but hasn’t discussed the other landmark property on the market: Halcyon House (once you’re a landmark property you get silly names like that). It went on the market around the same time as Evermay, but for $30 million to Evermay’s $49 million.

Well that difference just got even bigger. On March 26, the asking price of Halcyon House was cut all the way “down” to $19 million. That’s a 37% drop. 

It’s not clear how many potential buyers that will entice. Are there really that many people out there that won’t spend $30 million on a house, but would spend $19 million? Maybe there’s some wealthy magnate that got out when the time was right and knows a steal when he sees one.

The next question: will Evermay follow?

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Filed under Real Estate