Luke Palladino files for bankruptcy. What’s next for Palladino’s on Passyunk?

Earlier this summer Luke Palladino announced that renovations would be coming to his East Passyunk Avenue restaurant, with a planned reopening date of September 9. What Palladino didn’t say was that the reason for the closure was due to back rent, leading to him being sued by the building’s landlord.

Palladino's is ready go to. (Photo: Nick Valinote)
(Photo: Nick Valinote)

Last week the chef filed for personal bankruptcy.

From The Insider:

Also mentioned is more than $350,000 owed to an investor identified as NEA Passyunk LLC, which filed suit in June in Philadelphia Common Pleas Court against LP Passyunk LLC, Palladino’s limited liability company.

Palladino’s South Philadelphia landlord, Passyunk Avenue Revitalization Corp., is owed about $33,000, according to the petition. Last month, PARC filed a judgment last month in Common Pleas Court against LP Passyunk, seeking $428,000 and possession of the restaurant premises. Under a separate agreement, over the summer Palladino turned over the keys to an apartment above the restaurant.

With Palladino’s out of the picture, what should take over the former Colombo’s location that was nicely renovated by the Passyunk Avenue Revitalization Corporation in 2014?

17 thoughts on “Luke Palladino files for bankruptcy. What’s next for Palladino’s on Passyunk?

  • September 12, 2016 at 10:48 am

    Tony Luke’s!

    • September 12, 2016 at 11:00 am

      I’m not sure if you’re being factitious or not, but that corner being the “gateway” to Passyunk is probably a great place to put an upscale cheesesteak bar & grill in.

      It’s such a “tourist” location geographically since it is so close to Broad.

      • September 12, 2016 at 1:18 pm

        100% serious. Put in a 24 hour Tony Luke’s, an alternative to the other end of the Ave., would seriously enhance the vibrancy of the corner, something well needed.

        • September 12, 2016 at 3:50 pm

          Sorry, wasn’t sure. Some people can be salty on this site. I agree, that would be great.

    • September 12, 2016 at 2:53 pm

      I would also love a Tony Luke’s.

  • September 12, 2016 at 11:36 am

    The BK thing is nothing new with restaurant owners of philly. Run your bill up and the roll mindset.

    What is needed here on Passyunk is a small Theater that can showcase plays and music.
    and drinks.

    • September 12, 2016 at 8:20 pm

      I think the former Interior Concepts furniture store across from Cantina would have been perfect for a medium sized mixed use venue. Avenue has plenty of great restaurants but very limited entertainment.

    • September 13, 2016 at 11:39 am

      I know Palladino’s wouldn’t be the right place, but I would love even a 1-screen movie theater in the hood. Broad St. may be the right place, but an alternative to the dump on Columbus Blvd would be tremendous.

  • September 12, 2016 at 3:24 pm

    I know it’s very 2013 to say this, but I would like a gastropub similar to The Cambridge on South St. or Varga Bar.

    • September 13, 2016 at 9:25 am

      Except good (in the case of the cambridge.)

  • September 12, 2016 at 6:39 pm

    Whatever it becomes, maybe PARC could toss in that barren “Gateway Plaza” eyesore as part of the deal. That thing is such a disappointment; I’d love to see it transformed into a beer garden or something.

  • September 12, 2016 at 10:18 pm

    Dont ditch the plaza! It’s a way nicer plsce to camp out/ sleep/ live than at the corner of broad and Snyder

    • September 13, 2016 at 8:35 am

      No way man, the best place to sleep is the triangle with the boxing statue. They even got the comfortable benches with no bar in the middle so I can stretch out at night!

      • September 14, 2016 at 3:13 pm

        Nope! That failed dirt island eye sore jug handle thingy at 16th & Passyunk. What a waste of resources that was…

  • September 14, 2016 at 11:15 am

    How about a 50’s style diner with servers on roller skates?

  • September 14, 2016 at 3:35 pm

    Maybe it could turn into a Bum Hotel? or does that already exist right outside at the parks at McKean/Broad and Mifflin/Passyunk Ave. I’m sympathetic to people needing help but it seems overwhelming lately, no?

    • September 15, 2016 at 2:55 pm

      isn’t that the same as putting in a tony lukes?

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