Real Estate: Will Cavanaugh's Purchase Katmandu in Philadelphia?

Journalist A.D. Amorosi and Mayor Michael Nutter
Journalist A.D. Amorosi and Mayor Michael Nutter at an event in 2013

When Mayor Michael Nutter and Philadelphia developer Michael Samschick announce, on April 16, the development of a new 3,000 capacity Live Nation concert hall – the 2,500 person Fillmore and its 500-person artist development Foundry – at Frankford and N. Delaware Avenue, that won't be the only juicy news on the block. There's some great gossip going on just down the street from the Samschick/Live Nation workplace at the old Ajax Metal Company on Delaware Avenue: the rumored sale of the legendary Katmandu at Pier 25 to the folks behind the Cavanaugh's family of clubs.

While construction goes on at the Fillmore/Foundry (there are other businesses connected to this concert hall such as an Italian restaurant, bowling lanes and a comedy club), word has it that the Katmandu space on Pier 25 between Callowhill and Spring Garden Streets may finally be ready to sell for big bucks. The tropically-themed nightclub/eatery opened in 1991 amidst the popularity of Delaware Avenue night life, but died off as that trend faded.

Now we hear that that the crew from Cavanaugh's could be the new owners of Katmandu and are currently looking into the necessary maritime licensing renewals in order to run a business on the waters of the Delaware. This club, if it happens, will make a nice rival to the neighboring Morgan's Pier club and restaurant that currently has, Nicholas Elmi of Top Chef and Laurel (on East Passyunk Avenue) fame as its Executive Chef. We'll keep you posted.

Photo: ©Glamorosi Magazine 2013

Posted on Thursday, April 16, 2015