We don’t feel too bad that we haven’t been invited to the parties this weekend at the old Rascals/Red Cheetah nightclub, because landlord Dick Grabowsky says he hasn’t been invited either. But, standing outside the under-construction this morning, Grabowksy did confirm that he signed a new tenant, which plans to open a “fancy” restaurant and nightclub there under the name Club 501. (The property is at 501 Bloomfield Ave. in Montclair.)
The “Grand Opening” sign on the old Cheetah marquee is a bit of a misnomer, because the new venue is a long way from finished and Rascals Comedy Club is still emblazoned on the canopy. There’s no real public opening in sight, Grabowsky confirms. “I don’t know why they put the sign up, ‘Grand Opening.’ They’re doing some pre-opening parties.”
Let’s keep our fingers crossed that Grabowsky has signed a classier tenant than Ed Rodriguez, who ran out of town in a hurry two and a half years ago after running his publicly-traded company into Chapter 11. Last December, Rodriguez was indicted by the SEC in a stock-manipulation scheme involving National Lampoon.
The SEC’s complaint alleges that, from at least March 2008 through June 2008, Laikin, Barsky, Rodriguez and Dougherty engaged in a fraudulent scheme to manipulate the market for the common stock of National Lampoon. Specifically, Laikin, along with Barsky, paid kickbacks in exchange for generating or causing purchases of National Lampoon stock to Rodriguez, a corrupt stock promoter, and the CW, whom Laikin, Barsky and Rodriguez believed had connections to corrupt registered representatives.
And we complained about plastic cups.