Last Call at Petar's Coming Soon

Lafayette institution is open for New Year's Eve, but closing after last call on Saturday night, Jan. 5.

Ned Kermaninejad was sad Monday about the impending closure of Lafayette institution Petar's but still he was gearing up for a big night for the restaurant and bar.

"We're going to have a party tonight," said Kermaninejad. "There's always a party at Petar's."

Petar's has been open in Lafayette for 54 years — first on Mount Diablo Boulevard and since 1980 at its current location on Lafayette Circle. Kermaninejad bought it 13 years ago from Petar Jakovina, now deceased.

The last night at the tavern is scheduled for Saturday, Jan. 5, with the last night of kitchen service scheduled for Friday, Kermaninejad said.

The last two nights will include a performance by a Petar's institution, singer-pianist "Diamond" Dave Hosley, who covers everyone from Sinatra to Lady Gaga in several gigs a week at Petar's.

Hosley, on his website, says, "Then I'll be moving somewhere … not sure where exactly yet but I am not retiring by any means!"

Rent increase

The closing is forced by a big rent increase from the landlord, Main Street Property Services of Lafayette, Kermaninejad said. He has no definite plans to but, he said Monday, "I'm always looking for something. I'll probably reopen it in some form."

Kermaninejad, a Concord resident, started as a bus boy and waiter at Petar's, then moved on to owning restaurants in San Ramon and Blackhawk, before buying Petar's.

The restaurant and bar now employs 18 full- and part-time people, he said.

Chris F. January 04, 2013 at 06:13 AM
I went by this evening to have a drink with my wife and the doors were locked.
DC / Lafayette January 04, 2013 at 04:23 PM
Going by tonight with a group, for one last drink...hope doors are open!
RayS January 05, 2013 at 01:22 AM
ChrisN: When you equate "freedom" to an open capitalist system you make a mistake. These are two different properties. Further, when you claim that "When a business chooses to close or move due to rent increase, I agree that it can be sad, but what it really "says" is that the tenant's business is not the highest and best use of the property " you misuse the words "highest" and "best". What you really should have written was "most profitable". The truth here is that a new tenant will simply be willing to either charge more for whatever they do in this space (most likely another restaurant) or charge about the same but make less money. Either outcome is simply a product of landlord greed. If you think wanton greed is the best "system" I encourage you to read Marx&Engels on why this will system will eventually collapse. An open capitalist system is a great thing if not abused - something we're not very good at avoiding in this country.
Chris Nicholson January 05, 2013 at 01:56 AM
@RayS: Are you really a Marxist, or do you merely "Play one online?" Your framework for greed and profit is flawed because it is reference frame dependent and fails to explain a dynamic system comprised of self-interested free agents. Your strawman world is constructed from the perspective of the landlord, who we are to presume is in a position to dictate price/terms. Not so. What of the tenant and customer? Is it "greedy" for the landlord to maximize his profits by renting his land/improvements to the highest bidder, even though he could feed his family with lower rent? Is it "greedy" for the business owner to seek the lowest rent that suits his needs, even though he could feed his family despite higher rent? Is it "greedy" for the consumer to maximize his "profit"/savings by spending his scarce money at establishments with the best combination of price/quality, even though he could pay higher prices and/or accept lower quality and still feed his family? If it is wrong/greedy for each free agent to exchange money/goods/services in the way that maximizes his own well being, then what is the "right" system and who defines/enforces it? Your 19th century framework failed to explain/predict the world for the last ~200 years. It is odd for you to embrace it now when the underlying assumptions are more counterfactual than ever.... You may want to add Hayak and Friedman to your reading list.
Lance Howland January 05, 2013 at 08:35 PM
Hey, Bruce. Thanks for probing a bit. I was concerned about that point, so I put in a message to Main Street but haven't received a call or email back. -- Lance Howland, editor, Lamorinda Patch


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