PKNY Folds Up Its (Drink) Umbrellas and Moves On Call it Painkiller. Call it PKNY. Either way, call it a day. Because, by July's end, the semi-subterranean tiki bar on the Lower East Side that has gone by two names - but has rarely gone unnoticed - is shuttering after a tumultuous three-year run. Richard Boccato, one of the owners, said the bar on Essex Street would close around July 22, confirming rumors that the urban-Polynesian, punk-tinged drink cave was approaching its last call. "The landlord has chosen not to renew" the lease, which ends on July 31, said Mr. Boccato, "so that's the reason we're to be abandoning ship." PKNY's death does not, however, mean Mr. Boccato is done with Zombies and Mai Tais. "We have designs on opening another tiki bar with a new identity in a new location," he said. The new boîte will be called Asphalt Jungle, after the classic 1950 film noir. It will not be PKNY redux. "Rather than revisit what we've spent the last three years doing, we'd like to move toward a more classic, mid-20th-century representation of a tiki bar," Mr. Boccato said. "It will definitely be your and my parents" tiki bar. Same cocktails, different service model, different atmosphere. Mr. Boccato and his partners are casting their eyes eastward. "We'd actually be happier bringing our bar to Brooklyn or Queens, where we're from and have had some success with other ventures," he said. We don't have to be in a fancy ZIP code in order to create a great atmosphere for people to get great drinks. Painkiller, as it was first called, opened in May 2010. At the time, the bunkerlike space - all that marked its existence was a spray-painted wall spelling out "Tiki Bar" in bamboo - was at the forefront of a mini-tiki-bar boom in New York City. Lani Kai (since closed) in SoHo and the Hurricane Club on Park Avenue South opened that fall. A year after opening, the bar became the target of lawsuit that forced it to shed its nominal identity. Pusser's Rum, which distills its rum in the British Virgin Islands, said it had trademarked the recipe for a Painkiller cocktail in 1989, and demanded that the Manhattan bar change its name. Irate bartenders howled with indignation on various Facebook protest pages, but to no avail. Painkiller became PKNY.