Dean & DeLuca Taking Space in
By Tom Acitelli
Published on September 18, 2007
Forest City Ratner announced
this morning that Dean & DeLuca would lease 3,200 square feet in the new
New York Times tower at 620 Eighth Avenue. It will be the specialty food
chain's seventh location in the city. Forest City, which developed the
tower with the Times, also announced that Japanese grill Inakaya would
take about 3,000 sqaure feet in the tower for its first American
Both are expected to open by
mid-2008. Full release below.
YORK – Tuesday, September 18, 2007—Forest
City Ratner Companies
announced that two new tenants have signed leases for street-level
retail space in The New York Times Building at 620 Eighth Avenue near
the highly-regarded gourmet food emporium, will lease nearly 3,200
square feet to open its seventh Dean & DeLuca Café in New York.
the world-famous “robatayaki”-style restaurant known for its haute
grilling, will lease approximately 3,000 square feet to open its first
American eatery in the first half of 2008.
the Dean & DeLuca and Inakaya lease signings, three of the five retail
units available in The New York Times Building are now leased. Office
space in the 52-story tower is now approximately 86% leased.
Ratner, president and CEO of Forest City Ratner,
said, “I’m delighted that Dean & DeLuca, one of New York’s best-known
and most highly-regarded gourmet food businesses has chosen The New York
Times Building to open one of its stylish cafes. We are equally pleased
that Inakaya—a Tokyo restaurant renowned for its high quality dining
experience—has selected The New York Times Building for its first
American location. We look forward to offering these two distinctive and
entertaining dining venues to the thousands of employees in The New York
Times Building and the tens of thousands of visitors who pass through
Times Square every day.”
& DeLuca CEO Beth Pritchard,
said: "The New York Times Building is a New York landmark, as is Dean &
DeLuca, so we are very excited about bringing these two Manhattan icons
together. It will be great to interact with the dynamic New York Times
staff, the employees of the building’s other tenants, and the public, in
our new, expanded Dean & DeLuca café concept."
Matsuo, owner of Inakaya,
said, “We are thrilled to make our American debut in the newest and most
modern commercial building in New York City located at the crossroads of
the world. We are sure New Yorkers will delight in the unique dining
opportunity Inakaya will provide.”
Dean & DeLuca Café, which is expected to open in mid-2008, will be
located at the corner of 40th Street and Eighth Avenue. Designed with
the ambiance of a European café, Dean & DeLuca’s new location will have
seating for 60 and will feature fresh soups & salads, sandwiches,
fresh-baked pizzas, decadent pastries, and a wide selection of coffees
Inakaya will be located at 40th Street and Eighth Avenue—just next door
to MUJI, the Japanese retailer that is leasing approximately 5,000
square feet of retail space in The New York Times Building. Inakaya,
which now operates three restaurants in Tokyo, offers an entertaining
and lively dining experience that features meals prepared “robatayaki”,
an haute Japanese style of cuisine in which food is cooked over a large
rustic grill in full view of the diners.
& DeLuca was represented by Candice Dobbs of Dobbs Associates. Inakaya
was represented by Naomi Okada of the New York City-based Okada
International in the lease negotiations. Forest City Ratner represented
itself in both negotiations.
New York Times Building will hold its grand opening in late fall 2007.
Designed by Pritzker Prize-winning architect Renzo Piano, the building
is located between 40th and 41st Streets on Eighth Avenue, and is topped
by a 300-foot steel rooftop mast bringing its height to 1,046 feet.
1.5-million-gross-square-foot New York Times Building is owned jointly,
as condominiums, by The New York Times Company and Forest City Ratner
Companies. The Times Company owns floors 2 through 27 and Forest City
Ratner owns floors 29 through 50 and floor 52, as well as 21,000 square
feet of retail space on the ground floor. Floors 28 and 51 are jointly
owned by the Times Company and Forest City.
Forest City Ratner
Forest City Ratner Companies (FCRC) owns and operates 32 properties in
the New York metropolitan region—including 5.2 million square feet of
office space. FCRC is a wholly owned subsidiary of Forest City
Enterprises, Inc., a $9.5-billion NYSE-listed national real estate
company (ticker: FCEA & FCEB). The company is principally engaged in the
ownership, development, management, and acquisition of commercial and
residential real estate and land throughout the United States.