Lease Beat

Institute of Culinary Education Inks 71K at Brookfield Place

Courtesy of Brookfield Properties

Courtesy of Brookfield Properties

The Institute of Culinary Education (ICE) has inked a new space downtown.

One of New York City’s leading culinary institutes will be moving from 50 West 23rd Street to 225 Liberty Street, otherwise known as Brookfield Place. ICE’s current lease in the Flatiron District spans approximately 42,000-square-foot across seven floors and includes numerous kitchens and learning facilities.

The new facility, scheduled to open in late 2014, will span 71,000 square feet across the 2nd and 3rd floors of Brookfield Place.

“To establish a permanent home for ICE, it was imperative to find a large aspirational location with great regional transportation viability. By signing on with Brookfield Place, we have achieved these goals,” said Rick Smilowpresident and chief executive officer of ICE, in a prepared statement. “The facility we are planning will no doubt be one of the world’s most impressive and exciting culinary education centers.”

ICE brought in the help of David Goldstein and Jarod Stern from Studley to handle lease negotiations. The landlord, Brookfield Office Properties, was represented in-house by President of Leasing David Cheikin

“Brookfield Place has emerged as New York City’s destination of choice for the fusion of world-class dining, luxury brand retail, and performance arts, all within the beauty of the Hudson River Park and the reach of Lower Manhattan subway system,” said Mr. Cheikin, in a prepared statement.

“ICE’s presence downtown reflects the new demography of the area – that of the contemporary, sophisticated urban resident and professional,” he continued.

The lease fits nicely into Brookfield Office Properties’ greater ambition of renovating 225 Liberty Street into a 400,000-square-foot high-end retail and dining center. The renovations are expected to cost upwards of $250 million dollars, but tenants have been quick to sign onto the building.

In July, Equinox inked for a 35,000-square-foot fitness center on the 2nd floor, neighboring ICE. The Italian eatery favorite Parm and a french marketplace have also signed to the building, adding to the list of high-end tenants like Burberry, Hermes, Salvatore Ferragamo and Ermenegildo Zegna.

Follow Michael Ewing via RSS.