According to By Mitch Hotts of the www.theoaklandpress.com
He goes on to say:
New life will be injected next year into a former landmark restaurant on Lake St. Clair in Harrison Township.
The destination spot Gino’s Surf banquet hall and adjoining Luna Kai tiki bar — which shut down in 2015 — has been sold. The new owners will begin working on the structure, with hopes to re-open sometime in 2017.
That’s good news for Harrison Township residents and business owners along Jefferson Avenue, according to township Supervisor Ken Verkest.
“No. 1, we are excited to see someone new coming into that space because we don’t want to see any business vacant,” Verkest said.
“And No. 2, this isn’t just any business. It’s a very popular place with an outdoor patio overlooking the lake. There’s no better place to enjoy a good view of the lake than the Gino’s property.”
The facility on Jefferson south of Metropolitan Parkway closed its doors in August 2015 as former owners Frank Nazar and his son Frank Nazar Jr. filed for bankruptcy.
In a court filing, the father-and-son team blamed their financial problems on “large startup costs to open and stock the business, collateral payments, sales tax.”
This past September, the property was sold to Paradise Lake Properties, LLC, for $1.4 million in cash, along with $25,000 for a Class C Resort liquor license, and $75,000 for personal property and goodwill, according to federal bankruptcy court records.
State records show Paradise Lake Properties owns Ryan Palace, a Middle Eastern restaurant and social club on 14 Mile Road in Warren. Farqad Sami is listed as the resident agent of Paradise Lake Properties, according to online records for the Michigan Department of Licensing and Regulatory Affairs.
The firm plans to spruce up both the banquet hall and tiki bar, with plans to open in mid-2017, according to Marshall Garmo, a Southfield attorney who represents Paradise Lake Properties.
