Wolkonsky Bakery & Cafe Opening First US Location at 8 West 40th Street
By Celia Young May 26, 2021 11:17 am
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Wolkonsky Bakery & Cafe — a Parisian-inspired eatery — has leased 8,100 square feet at Jack Resnick & Sons’ 8 West 40th Street for its first U.S. location, Commercial Observer has learned.
The bakery, which operates 60 locations in Russia and Ukraine, is expected to open in late fall at the 22-story Midtown office building. Wolkonsky will occupy three levels of the property with a storefront facing Bryant Park. Jack Resnick & Sons declined to comment on the terms of the deal.
“Wolkonsky’s new bakery and cafe will bring a great amenity to our building and the neighborhood,” Brett Greenberg, who represented Jack Resnick & Sons in-house, said in an email. “They were attracted to our prime location overlooking Bryant Park, strong foot traffic, and proximity to world-class shopping and Grand Central Terminal.”
The bakery signed the long-term lease in May and will join investment broker Middlegate Securities, nonprofit Altman Foundation, real estate developer and owner Hakimian Management Corp. and WeWork at the 137,327-square-foot building.
Jonathan Burke and Lena Roth of J.W. Burke & Company represented Wolkonsky in the transaction. Jack Resnick & Sons handled it in-house via Greenberg and Fran Delgorio.
“Both parties were very pleased with the transaction,” Burke told CO. “The transaction just shows the belief in New York City by both parties [and] that New York City is going to bounce back.”
