The Smith, a casual American brasserie, is opening a fourth Manhattan location in the Nomad district at 230 Fifth Avenue, the home furnishings center also known as 1150 Broadway.
Owned and operated by Jeffrey Lefcourt and Glenn Harris of Corner Table Restaurants—who also own and operate the American bistro Jane on West Houston Street—The Smith currently has three NYC locations: The Smith East Village, overlooking Third Avenue, The Smith Midtown, located on 51st Street and Second Avenue, and The Smith Lincoln Center, directly across from Lincoln Center.
The location, on the southeast corner of 27th and Broadway, comprises 9,200 s/f on the ground floor and 5,700 s/f of basement space. Of great significance, the frontage exceeds 200 feet, equating to 50 percent of the entire block front on Broadway.
Harvey Richer and Jonathan Krivine of Newmark Grubb Knight Frank Retail represented both parties in the transaction. Jane Gural-Senders and Eric Gural advised on behalf of 230 Fifth Avenue Associates LLC. The 20-story building has been in the Newmark Holdings portfolio since 1958.
“With an influx of hotels, restaurants and boutiques, as well as the transformation of Madison Square Park, Nomad is undergoing a breathtaking renaissance, which is reflected not only by the new Broadway retail mix but also in the surge in demand for both residential and office space,” Gural-Senders said.