Aegean Restaurant in Framingham Sold at Foreclosure Auction

Early last year, it was reported that a longtime Greek restaurant could be going up for auction, and now we have learned that the place has indeed been auctioned off.

According to a source, the Aegean Restaurant in Framingham was sold for $1,1 million at a foreclosure auction today, with a MetroWest Daily News article stating that Paul Linder of Brookline was the winning bidder. The article says that Linder is not sure whether he will continue to have the property set up as a restaurant or whether he will convert it to something else, saying that "I have no idea" what will become of the space at this point in time.

The Framingham location of the Aegean Restaurant, which was initially supposed to go on the auction block in February of 2020, first opened approximately 40 years ago and was joined by a second location in Watertown in 2001; the Framingham location moved in 2005 while the Watertown outlet shut down in 2016.

The address for the former Aegean Restaurant space is 257 Cochituate Road (Route 30), Framingham, MA, 01701.

[Earlier Articles]
Aegean Restaurant in Framingham Could Be Going Up for Auction
Aegean Restaurant in Framingham to Remain Open for Now

by Marc Hurwitz (Also follow us on Twitter at @hiddenboston)

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[A related post from our sister site (Boston's Hidden Restaurants): List of Restaurant Closings and Openings in the Boston Area]

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Daisy Buchanan's in Boston's Back Bay Facing Possible Foreclosure Auction

A popular Back Bay watering hole that has been in business for more than 40 years is facing the possibility of foreclosure.

The Boston Business Journal is reporting that the property at the corner of Newbury Street and Fairfield Street where Daisy Buchanan's resides--along with the now-closed Ciao Bella--could be going to auction, with Daniel P. McLaughlin & Co. scheduling an on-site foreclosure auction for the site on March 6. The article mentions that the attorney for Joseph P. Cimino, a trustee of JC Realty Trust, says his client is hoping to resolve a dispute concerning the borrowing of money for the property and does not think that the auction will actually take place.

[March 19 update: A new article from the Boston Business Journal mentions that the auction has been postponed until Friday, March 28. (The article also says that the attorney for Joseph P. Cimino could not be reached for comment.) One final note--a check on Daisy Buchanan's last night indicates that the place is still open for now.]

[March 29 update: The Boston Herald states that the Daisy Buchanan's auction has been postponed again, this time until June--and the watering hole now appears to be on the verge of being sold, apparently allowing Daisy's to stay open until at least the end of the baseball season if it goes through. The article says that the deal could also bring a "big and high end" spot to the Ciao Bella space.]

Daisy Buchanan's first opened its doors in 1970.

The address for Daisy's is 240 Newbury Street, Boston, MA, 02116.

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W Boston Hotel (Where Market by Jean-Georges Is Located) May Be in Danger of Foreclosure

A hotel and condominium complex in downtown Boston that contains an elegant restaurant with a three-star Michelin chef behind it may end up being foreclosed.

According to the Boston Herald, Prudential Insurance is trying to foreclose on the now-bankrupt W Boston Hotel and Residences on Stuart Street in the Theatre District, though the developer indicates that a viable bankruptcy reorganization for the building is in the works. The article mentions that a court hearing in the case will be held in November.

The W Boston Hotel and Residences is home to Market by Jean-Georges, which opened last fall at the same time the hotel opened. Market by Jean-Georges is a casual upscale restaurant that focuses on fresh, local, seasonal ingredients, featuring a number of seafood dishes as well as steak, lamb chops, pizza, and more. The person behind the restaurant is famed chef Jean-Georges Vongerichten, who is also behind award-winning dining spots such as Jean Georges Restaurant at Columbus Circle in Manhattan.

There is no indication at this time that Market by Jean-Georges will be affected by the bankruptcy and possible foreclosure. (If anything changes, we will post an update here.)

The address for Market by Jean-Georges (as well as the W Boston Hotel and Residences) is 100 Stuart Street, Boston, MA, 02116. the phone number for the restaurant is (617) 310-6790. And the website can be found at: http://www.marketbyjgboston.com/

For more information on the possible foreclosure of the W Boston Hotel and Residences in the Theatre District, please go to the Boston Herald link below.

W Boston faces foreclosure

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