Richard’s Restaurant & Gentlemen’s Club sits at 1732 Altamont Ave. (J. Elias O’Neal)
A local gentlemen’s club soon may have a rendezvous with the auction block.
The building that houses Richard’s Restaurant & Gentlemen’s Club at 1732 Altamont Ave. is being threatened with foreclosure, according to a recent public notice.
The 3,900-square-foot building, which sits on a 0.40-acre site, is scheduled for auction March 23 at noon on the steps of the Richmond Circuit Court building.
A 0.04-acre parcel behind the establishment that’s used as the property’s back entrance is also part of the auction, according to court documents.
It’s unclear how, if at all, the pending auction will affect the operations of the club, which is still in business.
The pending auction was prompted by a default on a $450,000 loan on the property. Village Bank was the lender on the note, which was originated in 2005, according to court records.
Both parcels at the corner of Patton and Altamont avenues are owned by the Richard A. DeWitt Trust, according to city records. The trust was formed in November 2009 by the club’s founder Richard Dewitt.
The two parcels combined were most recently assessed at $445,000, according to city records.
Local attorney Stephen Wood of The Wood Law Firm is handling the foreclosure as substitute trustee.
Calls to the Wood Law Firm, as well as management of Richard’s Restaurant and representatives of the DeWitt Trust, were not returned Friday afternoon.
Commonly known as Richard’s Rendezvous, the establishment has been operational in the neighborhood since the 1980s, when it relocated to Scott’s Addition from 4410 W. Broad St.
Richard’s is one of the few strip clubs in the region not controlled by William Pyliaris, who owns the nearby Paper Moon at 3300 Norfolk St., in addition to the Paper Moon South on Midlothian Turnpike, CandyBar on Hull Street Road, Daddy Rabbits on Broad Rock Boulevard, Pure Pleasure at Labrook Concourse, Babydolls in Hopewell and Club Rouge in Shockoe Bottom.
Richard’s Restaurant & Gentlemen’s Club sits at 1732 Altamont Ave. (J. Elias O’Neal)
A local gentlemen’s club soon may have a rendezvous with the auction block.
The building that houses Richard’s Restaurant & Gentlemen’s Club at 1732 Altamont Ave. is being threatened with foreclosure, according to a recent public notice.
The 3,900-square-foot building, which sits on a 0.40-acre site, is scheduled for auction March 23 at noon on the steps of the Richmond Circuit Court building.
A 0.04-acre parcel behind the establishment that’s used as the property’s back entrance is also part of the auction, according to court documents.
It’s unclear how, if at all, the pending auction will affect the operations of the club, which is still in business.
The pending auction was prompted by a default on a $450,000 loan on the property. Village Bank was the lender on the note, which was originated in 2005, according to court records.
Both parcels at the corner of Patton and Altamont avenues are owned by the Richard A. DeWitt Trust, according to city records. The trust was formed in November 2009 by the club’s founder Richard Dewitt.
The two parcels combined were most recently assessed at $445,000, according to city records.
Local attorney Stephen Wood of The Wood Law Firm is handling the foreclosure as substitute trustee.
Calls to the Wood Law Firm, as well as management of Richard’s Restaurant and representatives of the DeWitt Trust, were not returned Friday afternoon.
Commonly known as Richard’s Rendezvous, the establishment has been operational in the neighborhood since the 1980s, when it relocated to Scott’s Addition from 4410 W. Broad St.
Richard’s is one of the few strip clubs in the region not controlled by William Pyliaris, who owns the nearby Paper Moon at 3300 Norfolk St., in addition to the Paper Moon South on Midlothian Turnpike, CandyBar on Hull Street Road, Daddy Rabbits on Broad Rock Boulevard, Pure Pleasure at Labrook Concourse, Babydolls in Hopewell and Club Rouge in Shockoe Bottom.