Smith & Wollensky Owners Take Space for New Midtown Eatery
The restaurant group behind steakhouse chain Smith & Wollensky, Quality Branded, has inked a deal to open a new restaurant in Midtown, Fisher Brothers announced.
Quality Branded signed a 20-year lease for 9,794 square feet for the ground floor and lower level of Fisher Brothers’ 1345 Avenue of the Americas between West 54th and West 55th Streets, The New York Post first reported. Asking rent for the space was $250 per square foot, according to a source with knowledge of the deal.
The restaurant group—owned by Alan Stillman, Michael Stillman and chef Craig Koketsu—did not announce the name or concept for its new eatery but plans to open its doors in late 2019, per a Fisher Brothers press release.
“Quality Branded’s distinct combination of design, hospitality and cuisine has consistently yielded top-quality restaurants throughout Manhattan and beyond,” Ken Fisher, a partner of Fisher Brothers, said in a statement. “We are thrilled to partner with their acclaimed team on a new concept at 1345 Avenue of the Americas.”
Clark Briffel and Marc Packman handled the deal in-house for the Fisher Brothers along with a CBRE team of Eric Gelber and Jordan Kaplan.
Aside from the Smith & Wollensky chain, Quality Branded also owns Quality Meats, Quality Italian, Quality Eats, Park Avenue Autumn, Maloney & Porcelli and Don Angie.
Quality Branded’s new restaurant will take the space formerly occupied by Osteria del Circo—an Italian eatery from the owners of Le Cirque—which closed last year after more than two decades, The New York Times reported. Osteria del Circo still has locations in Abu Dhabi and Dallas.