Food & Drink
Fast casual barbecue restaurant Mighty Quinn’s will be expanding to the West Village after signing a long-term, 2,760-square-foot lease at 75 Greenwich Avenue.
The space, formerly occupied by Bone Lick BBQ, will be designed in the image of Mighty Quinn’s East Village flagship at 103 Second Avenue.
Rapidly expanding raw juice and smoothie bar Juice Press has signed a 10-year, 13,459-square-foot lease on the ground floor of Jamestown Properties’ Falchi Building, Commercial Observer has learned.
The company will consolidate its production and distribution to the Long Island City building from two Manhattan retail locations. The ground floor space includes access to a loading dock, which will ease the delivery of fresh produce, according to the tenant brokers.
Urban Space, the food hall manager behind Mad. Sq. Eats, Broadway Bites and Dekalb Market, has signed a long-term lease for 10,000 square feet of retail space at 230 Park Avenue.
The tenant is expected to transform 230 Park Avenue’s pedestrian passageway into a showcase for between 20 and 30 chefs and food purveyors. Eldon Scott, president of Urban Space, told The New York Times the food hall will open in approximately one year.
On the Market
Shake Shack has expanded its office space at 24-32 Union Square East by 5,739 square feet, taking the entire 10,660-square-foot fifth floor of the building.
Danny Meyer, the restaurateur behind the popular burger chain, operates his Union Square Hospitality Group from the 12-story office building, which is located within walking distance of Shake Shack’s original location in Madison Square Park.
Junior’s Most Fabulous Cheesecake and Desserts has put its 386 Flatbush Avenue Extension location in Downtown Brooklyn on the market.
The site boasts 102,500 buildable square feet and is expected to be converted into a luxury residential building by the eventual buyer with a Junior’s location returning to the base of the property. In the meantime, Junior’s is looking for temporary space to relocate the business while simultaneously exploring a second permanent Brooklyn location.
Blue Ribbon Sushi has signed on as the latest quick-casual concept to hit Hudson Eats, a collection of chef-driven eateries at the revamped Brookfield Place.
The 10-year lease covers a 950-square-foot shop that plays on the success of the acclaimed Blue Ribbon Sushi location off of Spring Street in SoHo, once again teaming Blue Ribbon’s Eric Read More
After graduating first in his class from Harvard Law School in 2003, Michael Shah was seemingly destined for the very top of the legal profession. A post-graduate position in the mergers and acquisitions group at Wachtell Lipton Rosen & Katz led to key roles in a number of high-profile and complex deals, including the $4.5 billion initial public offering of financial advisory firm Lazard.
But despite early success, something was missing. Working between 80 and 120 hours per week, Mr. Shah knew his future lay elsewhere.
Two adjoining four-story mixed-use buildings, spanning 9,299 square feet, have sold for $9.5 million to a private buyer. The deal included roughly 15,000 square feet of unused development rights.
Direct Realty tapped Eastern Consolidated to market 334-336 West 46th Street, which was listed at a bankruptcy auction sale on June 4, 2013, Commercial Observer reported.
De Cecco USA, the U.S. subsidiary of Italian pasta maker De Cecco, has signed a 10-year, 5,596-square-foot lease at 75 Broad Street, The Commercial Observer has learned.
The tenant will relocate from 120 East 42nd Street to the fourth floor of 75 Broad Street and pay in the mid-$30s per square foot after five months of free rent, according to data from CompStak.
Smashburger has signed a 5,432-square-foot new lease for a retail space at 10 West 33rd Street with plans to move in this coming April.
David Levy, principal of Adams & Co., who represented the tenant and the landlord, struck a concurrent deal for 1,385 square feet of contiguous space for a Dunkin Donuts.
“This is Read More
Real estate private equity firm Savanna has signed two new tenants at 80 Broad Street, The Commercial Observer has learned.
In the larger of the two deals, the New York State Supreme Court Officers Association signed a 10-year, 3,485-square-foot lease on the building’s 12th floor.
There are certain restaurants where New York power brokers have wined and dined business contacts and clients for decades—think the Four Seasons, Michael’s, Gotham Bar & Grill. But why not ring in the New Year by breaking out of the box? There’s a fresh spate of restaurants exceptionally worthy of your next power lunch or business dinner, so wow them and kick off 2014 by closing a deal at one of these hot newcomers. Read More
The long awaited reopening of Brooklyn’s iconic River Café has been set for February 1, more than a year after the restaurant was forced to close due to damage caused by Hurricane Sandy. The restaurant will begin accepting reservations for the official reopening of dinner service early next week.
In a trial run, the River Café hosted a small, $55 fixed price brunch service on New Year’s Day. The restaurant had previously reopened for private events.
Denny’s is reportedly moving ahead with plans to open its first New York City location in a Downtown luxury condo building after defeating a lawsuit filed by the condominium board of 150 Nassau Street.
Residents of the building feared that the 24-hour diner and pancake house would attract college students — and perhaps a few late-night shenanigans — before the $10 million lawsuit was “discontinued with prejudice,” a term which usually indicates some form of misconduct by the filing party and bars that party from refiling.
Das Racist’s 2008 hit indie rap novelty song, “Combination Pizza Hut and Taco Bell,” a nonsensical ode to a stoner’s dream fast food pairing, specifically name-checked the stomach-churning combo’s branch at 160-01 Jamaica Avenue.
But while that location survives and 24 Taco Bells fan out across the boroughs, Pizza Hut maintains a low New York City profile, often conjoined with the ignominious Gordita crunch vendor in commuter hubs and down-at-heel outlying commercial corridors.