‘Top Chef’ Timothy Dean faces foreclosure on Prime Steakhouse in Baltimore
Celebrity chef Timothy Dean, who participated in the seventh season of the popular “Top Chef” program on the Bravo network, is fighting to save his Prime Steakhouse in Baltimore, Md., from foreclosure. Baltimore Business Journal reported earlier this week that a foreclosure auction for the Fells Point building (located at 1717-1721 Eastern Ave.) has already [...]
Celebrity chef Timothy Dean, who participated in the seventh season of the popular “Top Chef” program on the Bravo network, is fighting to save his Prime Steakhouse in Baltimore, Md., from foreclosure.
Baltimore Business Journal reported earlier this week that a foreclosure auction for the Fells Point building (located at 1717-1721 Eastern Ave.) has already been scheduled for Sept. 16, 2010. If it goes through, the business would have been open for a mere seven months.
Adams National Bank sued Dean and his company for $1.3 million, which is the reason behind the foreclosure proceedings.
The good news is that Dean is confident that the two parties can reach an agreement, renegotiate the terms of the loan and live happily ever after. He’s even willing to declare bankruptcy if it means he will avoid losing the building to foreclosure.
Dean, who says in the report that business at Prime Steakhouse is booming (he plans to open another restaurant in nearby Prince George County this fall), was among 17 chefs hand-picked to compete “against each other in culinary challenges” on “Top Chef.”
The 39-year-old was eliminated from the competition in episode five when his dish of roasted turnips and asparagus with honey failed to impress the palettes of the tournament judges.
