Another day, another unlucky celebrity business bites the dust. According to recent reports, “The Real Housewives of Atlanta” cast member and model Cynthia Bailey and her “entrepreneur” husband Peter Thomas‘ restaurant in Atlanta, is in foreclosure.
During a previous episode of “The Real Housewives of Atlanta,” Bailey loaned her now husband more than $50K toward a new investment, the opening of bar ONE, despite his history of failed ventures.
Bar ONE Tapas & Lounge, which is located in Grant park was launched as an upscale lounge and restaurant offering chic and vibrant decor, complimentry parking, a variety of Caribbean inspired tapas as well as a full bar. It’s intimate setting and artistic vibe was a shoe in for the young professional. But unfortunately for the reality pair, fell a little flat.
Thomas and Bailey have put the property up as a short sale, which is being handled by broker Juel McGhee of Closing Deals LLC. According to sources, the property will go up for auction on the steps of Fulton County on Sept. 3, 2013. –ruthie hawkins/@ruubabie
Click continue for photos of their foreclosed property.