Posted: 10:04 am Wednesday, February 19th, 2014

Landlord says Cynthia Bailey’s husband Peter Thomas owes $100K-plus in rent for Bar one 

By Rodney Ho

attends the "In God We Trust" world premiere during the 2013 Tribeca Film Festival on April 19, 2013 in New York City.

attends the “In God We Trust” world premiere during the 2013 Tribeca Film Festival on April 19, 2013 in New York City.

Peter Thomas, Cynthia Bailey’s husband seen frequently on Bravo’s hit show “The Real Housewives of Atlanta,” is being accused of not paying all his bills at his Atlanta bar Bar One.

His landlord, Eloshua Elliott and Showtime Cafe, filed a complaint in Fulton County superior court saying Thomas owes more than $100,000. The charges: “defendant breached a lease agreement by failing to pay rent and other fees including late fees, bank charges, real estate property taxes and unpaid utilities.”

The lawsuit said Thomas hasn’t paid his rent of $10,000 a month since March, 2013 through the end of the year. (Late fees are another $5,000.)

Elliott also separately filed a complaint against Thomas’ entertainment group for the property across the street at 670 Memorial Drive which houses the Bailey Agency, Bailey’s modeling and talent company. There, he owes more than $29,000, the complaint said.

Peter Thomas, in an exclusive interview this afternoon, said the problem is his primary landlord Showtime Cafe for the Bar One property. (Elliott is partial land owner.) Prior to March, he said they had been taking his money for a year and not passing it on to the bank First Fidelity for the mortgage they owe. He said Showtime is in foreclosure proceedings. (Thomas’ attorney recommended he not release the names of the owners of Showtime.)

Starting last March, he started placing his rental payments in escrow with his attorney until Showtime straightened out its issues with its bank.

“I’ve been caught in the middle of the crossfire,” Thomas said. In reality, he has no problem financially paying his rent.

Believe me. I’m confused too by the situation. I’ve asked one of our investigative guys to dig up the foreclosure paperwork and see what the heck happened and who actually owns the properties.

Cynthia Bailey moved into the new property Industry Space at 670 Memorial Drive and the lease began in June, 2013, at a rate of $2,700 a month, according to the complaint related to that property.

Thomas said he is paying the bank directly for Industry Space and not Elliott. “I don’t owe them anything,” he said. He said the bank has no issue with him and he’s annoyed the landlord Elliott has tried to kick him out twice. He noted he spent more than $120,000 last year improving what had been an empty garage space.

In the Bar One filing, his lease ended Dec. 31, 2013 and has not been extended.  He said he had a five-year option and the lease is set up so since he did not get a notice saying his lease is over, it was automatically extended. So he has remained and operates the bar normally in the interim.

His lease, signed in late 2010, has an escalated rent schedule that started at $2,500 a month in early 2011, jumped to $5,000 later in 2011, then $7,500 a month in 2012 and a whopping $10,000 a month last year.

Elliott’s attorney Dana Tucker Davis said she hopes to get a hearing soon so they can kick Thomas out for non-payment. She hopes to get a “For Lease” sign up soon on both properties.

Davis, who has represented Elliott since October, was aware that Thomas paid some back rent last summer but knows nothing about money in escrow. She also does not have any knowledge of him paying rent to directly to a bank for Industry Space.

She also said that they did send Thomas a letter about his lease on Bar One saying they were not renewing his lease at the end of 2013. She also denied any foreclosure and the properties are still under Elliott’s name.

At the time when Bailey showed up as a cast member of the show season three, Thomas ran a club in downtown off Courtland Street called Uptown Restaurant and Lounge but he had to shut down that business in 2010. (It’s now Harlem Nights Ultra Lounge.)

Before Bailey and Thomas got married, there was tension over money, with some of the other housewives wondering if he was using her money to help finance his failing business. Financial issues have popped up in small doses since then but nothing serious has erupted on the Bravo program.

Soon after Uptown went under, Thomas opened Bar One at 687 Memorial Drive. Both the bar and the Bailey Agency have been the site for many “Real Housewives”-related events.

In a blog entry on the Bravo site earlier this year, Bailey wrote this about her new space across the street where she moved her Bailey Agency:

The Bailey Agency School of Fashion has outgrown its original location, and we have moved to a larger one! I am super excited to introduce the world to Industry Studios, which is the new home to The Bailey Agency School of Fashion, Derek Blanks Photography, and Peter Thomas Entertainment. I love it! Industry Studios is the perfect space to grow into (it’s huge) and God willing I look forward to being there for many years.

Yes, you heard me right when I said Peter started renting the building (he did NOT buy it like I said he did, my mistake) 6 months before he told me about it. Initially I was annoyed that he did not consult with me first, but I now understand why he did not. The reason is simple: I would have shut the idea down. I don’t like to take risks or jump into things before I fully understand how they can benefit me or my situation. Peter started renting the space with the vision that one day it would be exactly what it is today, Industry Studios. The collaboration of TBA, Derek Blanks Photography, and Peter Thomas Entertainment is definitely a power move for all involved. Business has been booming, and we have only been at Industry for about 5 months. We have already had great talents such as Michelle Williams, Tyrese, Monica, Jaheim, Towanda Braxton, and many more walk through our doors for business! Also, The Cynthia Bailey Model Search and Miss Renaissance Pageant 2013 were huge successes this year. As for everything else that’s been going on, you guys will see in the weeks to come. Expect big things from Industry Studios and The Bailey Agency School of Fashion, because they are definitely coming!

15 comments
purplediva
purplediva

I don't trust a thing Peter says.  I don't know why Cynthia continues to trust this man with her money.  This man is not paying anybody but himself.  He knows how Cynthia feels about her name, and he knows that if he's  drowning Cynthia will be Captain Save A Hoe and rescue him out the situation for the sake of her name.

cc423
cc423

His connection to Phaedra Praks and Apollo Nida are all you need to know about this guy. Shady characters all.

Chicago Enforcer
Chicago Enforcer

First of all, It's great that Buckhead Benz is owned by a Minority. Secondly, Mr (anothercomment) you are so living in the past. Everyone has some sort of Issues whether its being personal, financially or mental issues. I look at these big houses down here with these people that can barely eat or not able to properly maintain there property that lives in Buckhead and they are not a minority either. Atlanta is changing  and people here do live or try and showcase beyond there meansand I don't think color plays a part. Be very careful of what you say because minorities are rising in numbers and one day you gonna look around and I will be moving next door to you. I bet you then them comments wont come out of your mouth (Racist Friend).

anothercomment
anothercomment

Some how Peter bought (leased) a new Mercedes a few shows ago.  Gee! given his money problems! who is to bet that came from the bank of Apollo Nida. That is right, Apollo had a "friend" who was working at Mercedes Benz of Buckhead  remember the one who goes by "Carlos" in these Blogs. Carlos claimed to be a former sales man at Mercedes of Buckhead. He said that Apollo would send a shopping crew into the store. They would record the Vins, then go to another Mercedes Dealer and have the keys made for the $250 or so.


restaurant and Bars tend to be the last best way to Launder money. It is a little odd how all of a sudden the broke Peter Thomas has a spanking brand new Mercedes. A Mercedes that he is keeping in the inside garage. That Cynthia just happened to find. Cynthia went nuts when she found it, she clearly stated that he ( they could not afford it, it reminded me of the year my ex husband made $19K and bought himself a $5K tv followed by a $5K set of drums and a $2K parrot. The parrot went back. The other too were clearly added to the cause for divorce.)


Then we have Apollo Nida back to running his car title and loan fraud business. Coincidence.


I think that so many customers of Buckhead Mercedes would be shocked to know that it has a Minority owner Juanita Baranco.  I also thought it was very odd on my last visit, they had several Black salesmen, who were a bit tacky, and one right up front wanted my Social Security Number. I refused, I told him my current vehicle was paid cash for. I was only dealing in a trade that I would not have a loan.  The older white men that Buckhead always had never did this before. Perhaps, Juanita better cull her workforce, and see who is involved with Mr. Nida. She needs to concentrate on Old Atlanta Buckhead. Not these fake Housewife wannabe's

SeenItBefore
SeenItBefore

These are just regular Atlantans of a certian type.  Business owners, you know who I am talking about.  This would not be a problem for businesses in Wyoming.

PappyHappy
PappyHappy

Come on now!  Give Peter a break.  His wife is a star, and he is a half star, bringing glory to the ATL.  That is worth something.  He may be a little low on cash right now.  Just think about the folks Peter brings joy and gladness to every time he opens the doors to Bar One!  


That landlord should have know that we were in hard times when he signed the lease.  No one made him sign it.  He had better be nice to Peter, or Peter will take his business elsewhere -- AND SCAM SOMEONE ELSE!

VickiBailey
VickiBailey

Not surprising.  Peter still owes our company for a NSF check from Uptown.

purplediva
purplediva

@anothercomment, oooh wee girlfriend you seem to know alot about this situation, and I believe you.  let's look forward to seeing Peter being mentioned in the case against Appollo.  They both opportunist and skimming from their wives money as far as I'm concerned.  Cynthia better wake up, this man is doing some shady things

purplediva
purplediva

@anothercomment, no that came from the bank of Cynthia Bailey.  Peter is the biggest opportunist on the show.  Too bad no one can interview Nia Long (Peter's ex) i'm sure she knows all too well about Peter and his shananigans.  Peter is not at all a business man, you can't be successful in business when you're constantly doing dirt.  Every business this man has attempted at failed.  Cynthia is dragging her name/brand through the mud fooling with this man.  He and Appollo connect so well because they are both shady.  He need to take that car back where he got it from.  Cynthia needs to take him off ALL accounts.  Let this be a message to Mamma Joyce, Cynthia mother does not like Peter but she is allowing Peter to show and hang himself

JamelEl Amin Bass
JamelEl Amin Bass

It is not hard to figure out you are a middle aged white man who has taken the liberty to decide and announce your disdain for black people.One should assume Mr.Nida "not guilty" until proven to be so. However I get the idea you have assumed all black men are criminals, liars and undesirable period. I pity you Sir.

SixFive
SixFive

@SeenItBefore Yes!  Every area wants the booming economies of those large/growing Metro Areas in Wyoming who have it all figured out.  What are the cities there again?  Fortune 500 Companies? Population Growth Rank? GDP? World-Class Universities? Professional Sports Teams?  Ahhhh, not a problem at all.

purplediva
purplediva

PappyHappy, Peter is full of it. Peter came into the marriage with nothing and still has nothing.  You didn't see the episode when he and Cynthia were talking and she spoke about how he sold her a dream and she fell for it and that their marriage has been anything but the dream he promised her? and he came into the marriage with a feld business and then knowing he didn't have any money, started the bar and then had the nerve to play the role and say to her "I don't want your money, I want to do this on my own?" he deserved an oscar for that performance, I saw right through that, and she fell for it, she put the money up and still is