SL Green buys Daniel Boulud’s flagship NYC – Business News
SL Green and Daniel Boulud have doubled down on their longtime close relationship, with town’s largest industrial landlord buying the chef’s flagship restaurant property.
SL Green, led by CEO Marc Holliday, purchased the almost 16,000-square-foot rental space of Restaurant Daniel at 60 E. sixty fifth St. for $18.5 million, in accordance with public data posted this week.
But that doesn’t portend any modifications on the Michelin-starred eatery, as Boulud’s Dinex Group instantly signed a 20-year lease with its new landlord.
SL Green purchased the almost 16,000-square-foot rental space of Restaurant Daniel at 60 E. sixty fifth St. for $18.5 million, in accordance with public data. EMMY PARK
The deal offers Dinex additional dough to help pay for its ongoing enlargement – together with in Hong Kong, the place the chef simply launched Terrace Boulud on the Mandarin Oriental resort, and in London, the place his new Cafe Boulud is to open later this 12 months on the Waldorf Astoria – Admiralty Arch.
An ebullient Boulud instructed The Post by telephone from Hong Kong, “As Restaurant Daniel enters its fourth decade, the most important thing for me is that it stays strong, relevant and continues to reinvest in its future. This is a positive transaction that allows us to do exactly that with our trusted partner SL Green.”
Dinex CEO Sebastien Silvestri added the sale helps his company concentrate on its “core restaurant business” which in New York additionally consists of Café Boulud at Maison Barnes, Le Gratin and a massive brasserie set to open quickly close to the Lincoln Center.
SL Green government vice-president Brett Herschenfeld stated the acquisition “deepens the company’s investment” within the Upper East Side neighborhood and “builds upon its already successful ventures with Boulud.”
Daniel Boulud is increasing his empire in Hong Kong and London. EMMY PARK
Restaurant Daniel signed a 20-year lease with its new landlord, SL Green. EMMY PARK
While many main eating places enter into partnerships with main landlords, Green and Boulud are particularly tight.
Prior to the UES deal, SLG was already the owner for Boulud’s Le Pavillion and Joji at One Vanderbilt, together with La Tête d’Or at One Madison.
