Tim Love: “Add a million, carry the nine, and … dang!”Photo courtesy Lonesome Dove Western Bistro
Is Tim Love getting screwed? According to a Fort Worth Star-Telegram profile, the cowboy-hatted celebrity chef, who recently moved from Texas to New York, signed a ten-year, $10.2 million lease on the space for his new Lonesome Dove Western Bistro on West 21st Street. The reviews aren’t in yet on the food (though Rob and Robin did publish a glossary of his exotically named dishes), but we’ll vouch that the room is nothing to write home to Fort Worth about: It’s fairly narrow, not much to look at, and facing a Flatiron side street without a precedent for restaurant success or even much pedestrian traffic. We asked Picken Real Estate founder Alexander Picken, who specializes in nightlife and restaurant realty, to tell us what he thought: “Based on what I saw, that figure is outrageous — at least three to four times what he should be paying.” We dearly hope Love succeeds, but it sounds like he would have done better playing three-card monte in Times Square than signing that lease.
“Can Love Conquer All?” [Fort Worth Star-Telegram] (registration required)