Terrazas looking for investor, hopes to reopen Club DeVille
By Michael Corcoran
Editor’s note: This article was originally published October 16, 2013
Michael Terrazas came from ACL Fest Friday night to open his Club DeVille at 900 Red River Street and found the locks had been changed, with a letter on the door from a lawyer representing property management company DT Land Group. Terrazas admits he had not paid his rent of “close to $10,000 a month” since July and said he’d been in talks with the management company, trying to work out a payment plan. “We had an even slower summer than usual,” he said. But the letter stated that Terrazas defaulted on his lease Aug. 16 and did not make agreed-upon payments.
“I really thought we were working towards a resolution,” Terrazas said Wednesday morning, “So it was a shock when we were locked out.” Terrazas said he’s looking for an investor who will pay what he owes and become his partner in the club, which Terrazas opened in 1997 with Abigail King. “I’ve already had some interest. Our goal to get Club DeVille back open by the end of the month.” When DeVille opened during the martini/cigar bar craze brought on, in part, by “Swingers,” there was no other hipster joint in Austin to match. But in recent years, a slew of hot spts, especially on East E. Sixth Street, have taken many of the scenesters away.
A call and email to the property manager weren’t immediately returned. Terrazas said that if he does find an investor, reopening DeVille “would be subject to the landlord’s approval.” The land and building are owned by a trust set by up Terrazas’ former partner Vince Rawl, who passed away in 2011.