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Deals & Dealmakers

Internationally Acclaimed Restaurant, Beefbar, to Open at 105 Hudson Street, Former Home of Original Nobu Restaurant

Lee & Associates NYC announced today that it has represented the landlord in TriBeCa Hospitality Group’s new lease at 105 Hudson Street. TriBeCa Hospitality will be opening its first venture in New York City, Beefbar, an upscale restaurant concept based on exclusive meats selection. Beefbar opened in Monte Carlo in 2005 and has since expanded to several cities worldwide including Paris, Hong Kong (One Michelin Star), Rome, Saint-Tropez, and more. The 6,420 square foot Tribeca space will be the restaurant’s first location in the US and is the former home of the original Nobu restaurant.

A Lee & Associates team of Peter Braus, Paul Popkin, and Morris Dweck represented the landlord, Fine Arts Housing, Inc. in the transaction. Richard Skulnik and Sam Martorella of RIPCO Real Estate, LLC, represented TriBeCa Hospitality Group LLC, New York, the sponsor of Beefbar Restaurant.

“With the flight to quality in the market, our vision to reinvigorate 105 Hudson Street and better position the asset helped to draw strong interest in the building, and we’re excited that it stood out to Beefbar and will be home to their first US location,” said Peter Braus, Managing Principal and Cofounder of Lee & Associates NYC. “Together with ownership, we developed and executed a strategy to make 105 Hudson Street stand out amongst a glut of vacancy in the retail corridor. The team identified opportunities to upgrade the asset and ‘white box’ the space before reintroducing it back to the market, which helped us receive the results we set out to achieve.”

Created by renowned restaurateur, Riccardo Giraudi of Monaco, Beefbar’s menu is a reflection of cosmopolitan culture and is divided into three main axes: international street food, great meat cuts sourced around the world and iconic fare ranging from various sides, main dishes and signature soufflés.

“We set out to find a flagship restaurant space to introduce this global brand to New York City and the US,” said Sam Martorella, Associate at RIPCO Real Estate LLC. “This iconic location in the heart of Tribeca provided just that.”

105 Hudson Street is centrally located in proximity to Pier 25 at Hudson River Park, The Greenwich Hotel, and other fine dining options including Mr. Chow, Locanda Verde and many more. The location offers easy access to several public transportation options and the Holland Tunnel.

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