Daniel Boulud has sold his restaurant space on East 65th Street, however the chef’s eponymous restaurant seems to be staying put.
Restaurant Daniel has signed a 20-year lease with the new owners, landlord SL Inexperienced, in line with a spokesperson for Boulud’s Dinex Group. The developer bought the business condominium at 610 Park Avenue, often known as the Mayfair, for $18.5 million.
It’s unclear why Boulud and Dinex have been motivated to promote; the spokesperson declined to remark. But it surely’s doable that the restaurant group wanted money to increase.
“Daniel Boulud and The Dinex Group are happy to have secured the way forward for Restaurant Daniel by this transaction, which permits us to extend our deal with our core restaurant enterprise,” Sebastien Silvestri, CEO of the Dinex Group, mentioned in an announcement.
Boulud’s group bought the unit in 1998, though the acquisition value is unclear in public information. He had opened the restaurant initially on East 76th Road earlier than shifting to its present area later within the decade after Dinex Group had bought it.
In 2013, the chef advised Eater that buying the unit was an funding in the restaurant’s longevity.
“Perhaps what drew me right here probably the most was that I may purchase the actual property,” he mentioned. “It was an enormous funding, however proudly owning it and being profitable right here can be my retirement plan. Sooner or later, I believed, I may all the time promote it.”
Boulud continued to say that every one his different eating places are tenants in leases, and possession ensures that he received’t lose the area.
Regardless of his feedback in 2013, 70-year-old Boulud doesn’t look like retiring. His restaurant group is reportedly opening a location in Hong Kong this month. Boulud introduced a brand new opening in London final 12 months in partnership with the Waldorf Astoria. He closed a trio of eateries on the Higher West Facet final 12 months, however Eater reported he deliberate to open a brasserie in the identical location.
It’s not Boulud’s first time working with SL Inexperienced. Boulud’s seafood restaurant Le Pavillon opened in SL Green’s One Vanderbilt in 2021. The 2 introduced a pair of Boulud-led meals and beverage ideas as a part of SL Inexperienced’s One Madison Avenue in 2022.
“Constructing on our profitable restaurant ventures with Daniel, we’re proud to now personal the actual property that’s house to the world-renowned Restaurant Daniel, which has a long-term lease,” Brett Herschenfeld, government vp of retail at SL Inexperienced, mentioned in an announcement.
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