The $4 million two-floor facility shut down after the lease expired, confirmed Cristin Bentz, assistant general manager for the leasing company, Tanger Outlets. “Our leasing team is actively and diligently working to bring a great new tenant into the space. Stay tuned,” Bentz said.
40/40 spokesman Ron Berkowitz of Berk Communications, explained that the club closed after sustaining extreme water damage from Hurricane Sandy. “There was a big hole in the roof as well,” Berkowitz said. “With the end of the lease and with Sandy, we decided we had a great run, and it was time to move on.”
Jay opened the New York City flagship 40/40 Club, of which he is part owner, in 2003. The restaurant underwent a costly renovation, and was momentarily closed shortly after its relaunch due to food safety violations. He had a location in Las Vegas which is also closed.