Leases  ·  Office

Move Over Central Park, Bryant Park Is Getting Its Own Kind of Duck


DaDong Restaurant, a Chinese restaurant famous for its own rendition of the traditional Peking duck, will open its first United States outpost at 3 Bryant Park.

The Beijing-based eatery will occupy 12,932 square feet on the entire second and third floors of the three-story “retail cube” between West 41st and 42nd Streets. It will have also have its own ground-floor entrance and a small portion of the lower level for food preparation, according to Patrick Smith of JLL, one of the brokers on the deal.

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Asking rent in the deal was $2.3 million per year, according to a press release from landlords Ivanhoé Cambridge and Callahan Capital Properties. The duration of the lease was not indicated.

The retail cube, which has an official address of 120 West 42nd Street, is part of the two combined buildings that make up 3 Bryant Park. The 70,000-square-feet cube faces the lobby of the 41-story office tower, 1095 Avenue of the Americas and a small public park.

The restaurant will have exclusive access to outdoor spaces on the second and third floors, according to the release. DaDong will share the building with Equinox Fitness, which occupies approximately 30,000 square feet spanning the ground floor, lower level and sub-lower level of the building. There is also a vacant 5,500-square-foot, ground-floor space that was leased by sportswear store Asics until last October.

Smith represented the owner with colleagues Eric Grace, Corey Zolcinski and Matt Ogle of JLL as well as Mark Kapnick of SRS Real Estate Partners. Dennis Karr and Jonathan Krivine of Newmark Grubb Knight Frank represented the tenant and declined to comment via a spokeswoman.

“The tenant was carefully vetted and brings an interesting dynamic to the space,” Kapnick told Commercial Observer.

The restaurant, run by chef Dong Zhenxiang, made it to food critic Patricia Schultz’s “1,000 Places to See Before You Die” list. DaDong is popular for its lean duck, a method where the roast duck is hung until the fat drips away. Alas, you’ll have to wait till early 2017 before digging in.

The New York Post first reported news of the deal.