485 7 Avenue, 485 Seventh Avenue Associates LLC. Application for a new on-premises liquor license
WHEREAS, Joe Teichman, on behalf of 485 SEVENTH AVENUE ASSOCIATES LLC ("Applicant"), has notified Community Board Five of its intention to file for a new on-premises liquor license for a new on-premises liquor license for a hotel (d/b/a Moxy Times Square) located at 485 7 Avenue, New York, New York; and
WHEREAS, The Premises comprises a lobby lounge and restaurant on the second floor of the building, as well as a rooftop lounge on the top floor of the building; and
WHEREAS, The Premises features a restaurant on the second floor lobby of the building ("the Restaurant") of 3,377 square feet, with one patron bar, 47 restaurant tables, 140 seats, and 14 bar stools, with a maximum legal occupancy of 174; and
WHEREAS, The Premises features a lobby lounge on the second floor ("the Lobby Lounge") of 5,970 square feet, 21 tables, 125 seats, one patron bar, and 22 bar stools, with a maximum legal occupancy of 186; and
WHEREAS, The Premises includes an enclosed rooftop lounge venue on the penthouse floor ("the Rooftop Lounge") of 4,034 interior square feet and 7,022 square feet; and
WHEREAS, The interior space includes one patron bar, seven bar stools, 11 tables, and zero chairs; and
WHEREAS, The exterior space includes two patron bar, 28 bar stools, 54 tables, and zero chairs; and
WHEREAS, The entire Rooftop Lounge has a maximum legal occupancy of 270; and
WHEREAS, The Premises shall be operated by the Tao Group, LLC, a well-known operator; and
WHEREAS, Applicant has agreed that Applicant shall:
WHEREAS, Should Applicant or its parent entity ever contemplate a transfer of its interest in the hotel ownership or management ("transfer" being deemed to include a change in control of an entity or the transfer of a majority interest in an entity), Applicant shall notify CB5 before such transfer is made and shall require any transferee to agree to the conditions and stipulations contained herein; and
WHEREAS, Should Joe Teichman ever contemplate a transfer of his interest in 485 SEVENTH AVENUE ASSOCIATES LLC so that he does not have a controlling management interest in Applicant ("transfer" being deemed to include a change in control of an entity or the transfer of a majority interest in an entity), notice shall be given to CB5 before such transfer is made and any transferee shall be required to agree to the conditions and stipulations contained herein; and
WHEREAS, Members of the public appeared and commented regarding this application and the comments and concerns of the community were taken into consideration in negotiating these conditions and stipulations; and
WHEREAS, these agreements, stipulations and conditions will be incorporated into the Method of Operation as part of the liquor license alteration application submitted by Applicant to the New York State Liquor Authority, a copy of which shall be simultaneously submitted to CB5, therefore be it
RESOLVED, Community Board Five recommends denial of the application by 485 SEVENTH AVENUE ASSOCIATES LLC for a new on-premises liquor license for a new on-premises liquor license for a hotel (d/b/a Moxy Times Square) located at 485 7 Avenue, New York, New York; and, unless the above conditions are adhered to and are incorporated into the method of operation of the State Liquor Authority application.