***UPDATE, 11:15 a.m., Feb. 4: Citing property records, the Citizen-Times reports today that the property was actually put into foreclosure, as opposed to Old Europe’s owners not getting a lease renewed, as originally reported. Click here for that story.***
Old Europe, the coffee shop and eatery on Lexington Avenue in downtown Asheville, has closed, along with the adjoining night club, Z Lounge.
Co-owner Zoltan Vetro told Xpress today he was forced to close the businesses after the new owner of his building declined to renew the establishments’ lease.
Vetro, who employed 21 people at the café and lounge, says that he plans to reopen Old Europe in a few months, and is searching for a new location, perhaps downtown. “We’re not bankrupt; I’m waiting at least a couple of months because of because of the economics,” he said, referencing the troubled economy. “It’s not looking good out there.”
Old Europe has been open since 1994, and moved to the Lexington Avenue location, where it also opened Z Lounge, in 2006.
— Jon Elliston, managing editor