You may already enjoy a 28-day, dry-aged steak at one of five Wolfgang’s Steakhouse outposts in Manhattan—in Midtown, Midtown South or Tribeca— but another one is coming to the borough, Commercial Observer has learned.
The restaurant sits south of one of the most expensive retail stretches in Midtown. Ground-floor asking rent on Broadway between West 42nd and West 47th Streets averaged $2,363 per square foot in spring 2016, according to the most recently released Manhattan retail report by the Real Estate Board of New York.
ESRT’s Fred Posniak, who negotiated the deal with colleague Shanae Ursini in-house, told CO at the International Council of Shopping Centers’ RECon in May that the entire space is three levels and includes 6,500 square feet on the ground floor plus a lower and mezzanine level. He noted at the time that the company was “about to put a new storefront there.”
Cosmo Montemurro and Jarrett Sharp of Murro Realty represented Wolfgang’s Steakhouse in the lease negotiations at the base of the 22-story, 471,229-square-foot building. Montemurro said he and Sharp declined to comment.
Wolfgang Zweiner, once head waiter at the nationally acclaimed Peter Luger’s Steakhouse, opened the first Wolfgang’s Steakhouse in 2004 on Park Avenue. In addition to New York City, there are Wolfgang’s Steakhouses in Beverly Hills, Miami, Somerville, N.J., Waikiki, Hawaii and Asia.
Thomas Durels, the executive vice president and director of leasing and operations for ESRT, said in a prepared statement that Wolfgang’s Steakhouse “will provide another attraction not just for the growing office population, but also for the tourists who increasingly walk between Times and Herald Squares.”
CO reported last month that Sisense, a data analytics firm, took a full 24,000-square-foot floor at the office building. The asking rent was $62 per square foot. Other tenants include Ipreo, Actimize, Bob Woodruff Foundation, Equifax, Ideal, Evite and a retail store for Papyrus.
With additional reporting provided by Terence Cullen.