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Cape Gazette
Lewes, Delaware
Jim's Towing Service
April 21, 1995     Cape Gazette
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April 21, 1995
 

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CAPE GAZETTE, Friday, April 21 - April 27, 1995 - 11 Cork owners negotiate purchase of Waterfront, Coconuts By Denise M. Marshall A group of investors, comprised largely of the owners of the Bottle & Cork bar in Dewey Beach, have signed a letter of intent with mem- bers of the Monigle family to pur- chase The Waterfront Restaurant and Coconuts Seafood House Restaurant and Bar. Alexander J. Pires Jr., one of the owners of the Bottle & Cork and the .Stone Balloon in Newark, said both parties plan to sign a sales contract next week. The potential buyer is a limited partnership comprised of all but one of the owners of the Bottle & Cork, Pires said. The Waterfront and Coconuts are scheduled to open May 19. "We're hoping to take over some time after Memorial Day," said Pires, who is a former Dewey Beach Town Commissioner. The Waterfront and Coconuts are owned by separate corpora- tions, largely comprised of mem- bers of the Monigle family. D. Keith Monigle, president of Ke- jand, Inc., the corporation that owns the Coconuts' property, de- clined to comment on the pending sale or state why his family want- ed to sell the restaurants. His fa- ther Donald Monigle, who owns interest in both restaurants, also declined to comment on the mat- ter. According to Pires, James Kier- nan of Coldwell Banker Rehoboth Resort Realty approached him about purchasing the two restau- cants. Pires said his investment group plans to move the Coconuts' building on Dagsworthy Street onto the south side of The Water- front property on McKinley Street. The two businesses would be merged, and both businesses would be covered under a single liquor license, he said. "It would connect with that walkway that's already there," Pires said. The plan would condense two businesses and make Dagsworthy Street more residential, Pires said. Plan would need town's OK The investors face a major stumbling block. They would need to obtain approval from town The Waterfint Restaurant is at the end of McKinley Street in Dewey Beach over- looking Rehoboth Bay. officials to relocate the Coconuts building onto The Waterfront property. "I would consider that an ex- pansion," said Dewey Beach Building Official Karen Ulrich. Dewey Beach's restaurant ordi- nance states that if a owner ex- pands his or her business, the owner must obtain conditional use approval from the Town Commis- sioners. The conditional use process entails a public hearing. The ordinance also stipulates that restaurant owners lose their grandfathered rights when they expand their restaurants and must comply with more stringent regu- lations adopted in the early 1990s. Included in the restaurant ordi- nance are regulations mandating that no more than 10 percent of the maximum allowable cus- tomers be standing at any one time and requiring outside service areas be cleared of patrons by 11 p.m. More than a year ago, the own- ers of The Waterfront and Co- conuts sought to move The Water- front building off the leased land to the Coconuts' site, which is owned by members of the Monigle family and Thomas Robinson Jr. The town's building official ruled that the restaurant owners would need to obtain con- ditional use approval from the commissioners before they could relocate The Waterfront. "I would rule the same way moving Coconuts to The Water- front," Ulrich said on Thursday, April 20. The owners of The Waterfront and Coconuts filed a lawsuit in Delaware Chancery Court against the town last year. The suit con- tends that town officials unlawful- ly denied their request to relocate The Waterfront to the Coconuts Continued on page 15 'EARBY AND NEXT TO PERFECTION -- THE PLANTATIONS IS RESORT LIVING IN A SECLUDED SETTING OF OVER 160 ACRES ENJOY BUY YOUR WITH LAKES AND OPEN GREEN AREAS. ESTABLISHED IN MANY WITH LAKEFRONT OR 1985, THIS AWARD-WINNING WATERVIEW LOCATIONS. A GUARD AND GATEHOUSE COMMUNITY IS PLANNED FOR YOUR PLEASURE. YOU'LL ENJOY EXCEPTIONAL AMENITIES -- A SPACIOUS CLUBHOUSE WITH ITS A REASSURING PRESENCE FOR THE COMMUNITY. COME VISIT THE PLANTATIONS. IT'S WHAT YOU'VE WANTED ALL ALONG. SINGLE-FAMILY LOTS FROM STATE-OF-THE-ART FITNESS CENTER AND AEROBIC CLASSES, $29,900. SINGLE-FAMILY HOMES FROM $139,900. INDOOR AND OUTDOOR TENNIS COURTS, TWO POOLS AND A CONDOMINIUMS FROM GOLF DRIVING RANGE. NEARBY ARE THE REHOBOTH HOMES FROM $84,900. BEACHES, BOARDWALKS, SHOPS AND RESTAURANTS -- AND THE HISTORIC TOWN OF LEWES. DIRECTIONS FROM liT. l: Turn onto Road 276. Go to dead end. Turn left onto Road 275. The Plantations is .5 mile on right. Or, from Rt. 1, turn onto Rt. 24 (at McDonalds). Turn right at second traffic light onto Road 275, The Plantations is 1.5 miles on left. VISIT MODELS DAILY 9.00-5.'00 Oil BY APPOINTMENT, RESORT & CLU B No One Can Match Us. 1600 PENNSYLVANIA AVENUE, LEWES, DE 19958 302-645-2727, 1-800-777-1530