Crescent Beach restaurant for sale for $2.5 million

August 05, 2019 07:00 PM

GREECE, N.Y. (WHEC) -- After telling News10NBC three different times they were going to open, the owners of the Crescent Beach restaurant in Greece are finally selling the place.

The list price is $2,500,000


News10NBC has been investigating this property since 2015. We checked the tax records records Monday and found the owners paid all their taxes. They just never came through on developing the property. 

Everyone along the lakeshore in Greece has a story about the Crescent Beach restaurant. Weddings. Proms. Family dinners. 

"My husband and I would often walk down for dinner and walk home on the beach," said Carol Rodis who lives walking distance from the restaurant. 

Crescent Beach hasn't been open since it was bought in 2013 by three men in Niagara Falls, Canada. 

News10NBC started asking questions in October of 2015. 

"That place will be open by Christmas time," said co-owner at the time John Pietrangelo.

We asked him again at Christmas when it was still closed. 

"We're probably looking at early spring," he said. 

We asked again in March the next year, 2016. 

"Yeah, we're pushing for sometime in June," he answered. 

Three years after that answer, the business is still closed and there are tools sitting inside.

"What you have is drywall that isn't finished. You have exposed, open outlets," said Greece Supervisor Bill Reilich as he walked up to the restaurant and looked in the windows. 

Reilich says he's glad it's for sale but he does not want any new homes or condos. 

Here's why. 

Bill Reilich, Greece town supervisor: "This is one of the only spots along the shore of Lake Ontario that Greece residents can come and enjoy the lake."

The asking price just for the restaurtant property is $2.5 million. 

News10NBC reached the real estate agent, Paul Schiliro, of Hanna Commercial Real Estate on the phone and asked for the owner. That's when he told us John Pietrangelo isn't the owner anymore.  

"Oh he's not? Okay," we said. "Well, who would the owner be then?" 

Schiliro said he couldn't share the name but promised to pass on our number to him.

"I hope a good restauranteur purchases it," Carol Rodis said. "And makes a business out of it again."

The property is zoned commercial so it's prime for a restaurant not condos.

The property is assessed at $585,333. Two and a half million is about five times that value. Schiliro told News10NBC they got one offer last week but they turned it down. 

The view from that property is priceless. 


Berkeley Brean

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