1OAK’s New York flagship location bid farewell to its Meatpacking District home. Although the celebrity music temple hasn’t opened its doors since the COVID-19 restrictions, it racked up nearly $1.8 million in unpaid rent, according to court papers.
New York Post announced that the city marshal booted the West 17th Street nightclub on Thursday. 1OAK New York put a stop to its A-list clubbing sessions when COVID-19 broke, with co-owner Richie Akiva pledging it would “come back in full force.”
Despite preserving its location, the ritzy nightclub never came back to life. According to court papers, the rent for its New York home increased to more than $72,000 a month in 2021 – which 1OAK never paid. N.E.W Corp – the venue’s landlord – claimed that although the nightclub stayed shuttered, the management didn’t return the premises.
The eviction jolted 1OAK New York’s ecosystem, as one of Akiva’s reps told New York Post that “we were completely unaware.” However, the nightclub’s management is reportedly working with the landlord to “find a solution” and reopen 1OAK New York.
Court reports further state that Akiva’s 17th Street Entertainment company had hauled more than $1.52 million in federal loans in 2020 and 2021. But after a business dispute with corporate partner Katz Group, the club’s accounts got frozen, leaving no way to pay the bills.
As one of the world’s most lusted-after music temples, the 1OAK brand has outposts scattered around the globe. From Dubai to Las Vegas, the hotspot became a roaring industry name after it became the preferred party destination for A-list celebs.
Everyone from Lil Nas X and Leonardo DiCaprio to Rihanna and Justin Bieber joined the ranks of 1OAK’s clubbers.