Rumors continue to swirl about the fate of the landmarked Four Seasons restaurant and the possibility that a hefty rent increase may force it to shutter. Apparently a $105 per square foot increase over the restaurants current $20 per foot rent will take effect in late 2016 when the current lease period expires. The hike is a function of the lender requirement on a $783 million mortgage that Seagrams Building owner and Four Seasons landlord Aby Rosen took out last year. Negotiations between the parties are ongoing.
There is speculation that the planned removal of "Le Tricorne" by Picasso — a masterwork that has bridged the divide between the Four Seasons bar and pool rooms for over 50 years — could be a ploy by Rosen to move in his own art work (the Picasso is owned by New York Landmarks Conservancy) as a possible beachhead to opening his own restaurant in the space.
· Four Seasons Restaurant May Be Forced Out Of Famed Location [NYP]
· All Coverage of The Four Seasons [~ENY~][Krieger]