New York Buzz: Will the Four Seasons Restaurant Move?

Here's some distressing news from New York's fine dining scene: The New York Post is reporting that the iconic Four Seasons Restaurant in may have to move from its home in the equally iconic Seagram Building on East 52nd Street. 

According to the article, the landmarked restaurant's owners are currently in negotiations over the lease, and building owner Aby Rosen may be looking to open his own restaurant in the famous space.
The historic spot—where regulars reportedly include Steve Schwarzman, Si Newhouse, Tom Ford, Anna Wintour, Pete Peterson and Martha Stewart—may have to vacate if its co-owners and landlord (RFR Holding, also run by Rosen) do not come to an agreement on the lease, which expires in late 2016.
Before that deadline, however, the restaurant will already see a major change: The New York Times is reporting that “Le Tricorne,” a 19-foot-high canvas that Pablo Picasso painted for a production by the Ballets Russes, will be removed on February 9. RFR says that structural engineers have concluded that the limestone wall where the curtain hangs needs repairs and could collapse, posing a danger to the art.

As the Times notes, the interior of the Four Seasons received landmark designation in 1989, 30 years after it opened. The designation, however, does not apply to the artwork.