BayWalk bread store files for Chapter 11 help
The company doing business as Atlanta Bread Co. at BayWalk will keep the restaurant open as it works through Chapter 11 bankruptcy reorganization.
"We do have a lot of great customers, and we love the city," said restaurant operator Mo Jafari.
MGT Restaurant Group filed for protection in U.S. Bankruptcy Court in Tampa this month with fewer than 50 creditors and liabilities of $500,000 to $1 million. Its largest creditors are PNC Bank in Pittsburgh, which holds its business loan of $390,109, and STP Redevelopment II of Clearwater, which it disputes owing $170,000 in unpaid rent.
Jafari said the corporation filed to improve its financial strength and didn't plan any staffing changes. He said the family-run business has been at 179 First Ave. N in St. Petersburg more than three years and appreciates its downtown customers.
"In this economy, we want to stay open and not have to close the shop," he said.
Becky Bowers, Times staff writer
Kahwa Café to open second location soon
Kahwa Café & Espresso Bar is opening a second location, at 204 Second Ave. S, where the short-lived Milky Way Cafe was housed. Kahwa owner Raphael Perrier said to-go salads and baguette sandwiches will join $1.70 cups of java and croissants on the menu. Perrier and his wife, Sara, opened their first cafe at 475 Second St. N two years ago. They also run a coffee-roasting operation at 4125 Eighth Ave. S that does a brisk wholesale business. They hope to open the new cafe next month.