A Latin restaurant and the speakeasy-style bar below it have quietly closed in Hoboken. A source close to the spots confirmed the closure of Panela and Perico with The Hoboken Girl. While details are slim as of this writing, it looks like a new spot may be coming to the space. Read on for more about the closure and what we’ll miss about Panela and Perico in Hoboken, New Jersey.
The Closure
Locals have been speculating over the past few weeks if Panela — as well as the speakeasy below, Perico — have closed after noticing it has been closed during its usual open hours. A source close to the spots shared with The Hoboken Girl a few weeks back that both quietly closed in August, and that a new spot is coming to the space. The spots were located at 36-42 Newark Street in Hoboken.
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HG reached out to Panela and Perico to confirm the news in August, and were first told that the two spots would be reopening soon. We reached out again this week, and our email bounced back, seemingly confirming the closure.
This post will be updated with any further information as we receive it.
About Panela + Perico

Formerly world fusion restaurant Monroe’s, and before that, Biggie’s Clam Bar, the space at 36-42 Newark Street in Hoboken rebranded into a Latin restaurant called Panela in fall of 2022. The food and drink menu, as well as the interior design, was an ode to Latin American countries, serving up tropical cocktails and dishes. Executive Chef Roberto Carnero brought his Peruvian influence to the food, with dishes like shrimp + clams, Peruvian chicken, ceviche, seasonal empanadas, and more.
A little over a year later, Panela’s downstairs speakeasy-style Agave bar — Perico — debuted in the space. The spot, which was also adorned with vibrant colors and florals, featured over 50 cocktails made with Casamigos and Agave spirits. The murals inside portrayed animals typically found in the jungle and trees displayed on the walls, and were created by a local artist.
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