“Our goal is to provide a unique platform for local artists to do what they love, to add to our community's culture and to share great food and drink,” says Sugarman. “But, above all else, we want everyone who walks through our doors to dance and be happy.” There will be a dozen beers on tap, wines, and "extravagant" hand-crafted cocktails. Osita will use locally-sourced ingredients to create dishes that are interactive and fun and ideal for sharing. When it comes to food and drink, Osita will feature a menu influenced by France and Spain by way of the West Coast. Guests can look forward to nightly music from local artists and cabaret shows at Osita and its 3,000-square-foot space. Touting itself as a "one-of-a-kind" live music venue, Osita was created out of a desire to rekindle Vancouver's appetite for local entertainment, and is, to a small extent, an extension of Osito, which is an electronic music events company "dedicated to creating platforms for local artistic expression" that Sugarman co-founded. Osita co-owner Jesse Sugarman is no stranger to the neighbourhood, as he is also a co-owner of The Charlatan restaurant and gastropub a few blocks down from this new venture. Work has been underway since the winter to transform the former home of a long-standing go-to spot for drinks, dining, and dancing into a Spanish-influenced bar-restaurant with live entertainment. "Recognizing the need to navigate these difficult times and safeguard the well-being of its employees, the company aims to continue working cooperatively with its lender to revise the terms of existing loans, restructure the debt that was required to survive the pandemic and emerge as a more robust organization," said the news release.Things are set to really get humming along The Drive as a brand new restaurant and bar with live music sets its opening date.Ĭalled Osita, the new concept has set up shop inside the ex-Federico's Supper Club, which shuttered in spring 2020 after a 20-plus year run at 1728 Commercial Dr. In the news release, Donnelly Group said it will continue to operate all locations while maintaining employees and supplier relationships during the CCAA process. The company gained profile in 2017 when it took over the former site of the Railway Club, a beloved live music venue on Dunsmuir Street. "When you hear of any particular place applying for creditor protection or going into bankruptcy proceedings, it's just a sad comment on how difficult it is to run a hospitality business right now."ĭonnelly Group used to have a much bigger footprint in Vancouver but has divested itself of a number of locations in the past years. "From an industry perspective, about half of the overall hospitality industry is either losing money or barely breaking even right now," said Guignard. seek green light to deliver pot and compete with illegal dealers 'Post-pandemic hangover' forcing many restaurants to file for bankruptcy, association says.Jeff Guignard, executive director of the Alliance of Beverage Licensees of B.C., said the sector, in general, is struggling with inflation, a labour shortage, and having to pay back loans taken out during the pandemic. "Despite the often startling perception of this filing, it's very much a constructive versus destructive financial tool that will first bring added stability and then growth to our businesses operating in the embattled hospitality industry," said CEO Jeff Donnelly. It also owns three pubs in Toronto and three barbershops under the Barber & Co brand. The company owns 11 establishments in Vancouver, including the Lamplighter Pub in Gastown and Bomber Brewing craft brewery. In a news release, the company calls the move to initiate proceedings under the Companies Creditors Arrangement Act (CCAA) "strategic," citing the impacts of the global pandemic as the reason. Prominent Vancouver pub and restaurant management company Donnelly Group has announced it is seeking creditor protection.
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