With a recent purchase of property along North Avenue, Iona College will now be landlord to two of its students”™ favorite haunts.
The college signed a contract to buy 748 and 754 North Ave., which include four storefronts, two of which are vacant. Gemelli Pizzeria and Beechmont Tavern occupy the other two storefronts. According to an Iona press release, the property owner approached the college several months ago and the parties have reached an agreement that includes the assumption of all existing leases, which run for 8-11 years.
“The Beechmont Tavern is a landmark business that is fondly remembered by many of our alumni and, as such, we look forward to a long-term relationship with its owners,” said Anne Marie Schettini-Lynch, Iona College senior vice president for finance and administration. “Although Gemelli Pizzeria is a newer establishment, it has been well received by the Iona community and we look forward to continuing that relationship as well.”
The college said it intends to maintain the property for commercial tenancies and seek to rent the vacant spaces in order to provide additional amenities for Iona students and the public.
