Vote on lease for 1300 Battery Street restaurant
The committee approved a resolution to lease approximately 4,635 sq ft of restaurant space and 2,992 sq ft of outdoor dining at 1300 Battery Street to JPPF 1300 Battery, L.P.
What's happening
- The committee approved a resolution to lease approximately 4,635 sq ft of restaurant space and 2,992 sq ft of outdoor dining at 1300 Battery Street to JPPF 1300 Battery, L.P.
- The lease runs until May 5, 2046 with a base rent of $5,000 per month, increasing 15% every five years, totaling $1,498,012.50 in base rent, plus 1% of gross sales and possible rent credits.
Why it matters
The lease creates a new dining venue and generates long‑term revenue for the city.
Who is affected
How to act
Attend: Not listed in the source document.
Email: Not listed in the source document.
Submit comment: Not listed in the source document.
Decision update
Recommended for approval
The committee voted to recommend approval of a lease with JPPF 1300 Battery for a restaurant space, term through May 5 2046, with total base rent of $1,498,012.50 plus percentage rent and rent credits. This recommendation is not a final approval.
Decided Jul 15, 2026.