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Committee forwards Port lease amendments and two mutual terminations for Fisherman’s Wharf restaurants
Summary
The committee recommended forwarding a Port proposal to amend a lease for Chowder Hut and accept mutual termination agreements with Lou's Pier 47 and Pompey's Grotto; the Port negotiated termination fees and recovered fixtures in exchange for waiving much past‑due rent, allowing quicker re‑leasing of waterfront premises.
The Port presented three related items affecting restaurant premises on Jefferson Street and Fisherman’s Wharf. Don Cavanaugh, senior property manager, described: (1) a second amendment for Andre Boudin Bakeries (Chowder Hut) to extend a construction deadline and raise minimum tenant investment thresholds; (2) a mutual termination…
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