NEW YORK CITY-The previous home of Oceana will be converted into a Mediterranean eatery. A partnership led by Tim Pappas and Costa Youssis has leased the vacant four-story townhouse measuring 8,300 square feet at 55 E. 54th St.

The new operators of the property have plans to carry out a multi-million improvement designed by Yianni Skordas. Brad Schwarz and Peter Braus with Sierra Realty represented the landlord in the lease negotiation. For the full story, go to New York Post .


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