Tap and Grill Closed And Sold
The Tap and Grill property has been sold to a real estate investment firm that plans to renovate the property, open a new restaurant and improve the 12 apartment rentals above the commercial space, according to the firm.
The building itself was built in 1905 and the Tap and Grill, a Rockaway mainstay, has been operating on the property for nearly two decades.
According to Community Board 14, the developers have applied for liquor, dancing, live music and outside patio permits. The application drew no opposition from the Rockaway Beach Civic Association.
Rumors began circulating over the weekend, mainly through Internet rumblings, that a boutique hotel was planned for the property even though the firm, Cayuga Capital Management, never actually confirmed that information. Jamie Wiseman of Cayuga talked to The Wave this week about his plans for the property. He started by confirming that a hotel will not be built and that the apartments will be renovated and kept as that, apartments. As far as the restaurant goes, that’s still in the works.
“The restaurant and tenancy are under development, so I don’t have a great deal more to share in that regard at this point,” Wiseman said in an email statement. “The real goal is to upgrade the building’s required deferred maintenance. We are talking to various prospective tenants, but we hope to put people in there that fit within the fabric of the existing community.”
He continued to assure the community that as time goes on he will be able to offer more details about what to expect at the property.
The Manhattan-based Cayuga is a real estate investment firm that owns several porpoerties in the northern Brooklyn neighborhoods of Williamsburg and Bushwick. The property was sold for roughly $1.3 million. The location is in the center of the increasingly hip Rockaway Beach area that already includes Rockaway Taco just down the street.