X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Food and wine retailer Eataly will make its US debut in a 44,232-square-foot space at L&L Holding Co.’s 200 Fifth Ave., long known as the International Toy Center. The flagship New York City store, which includes ground floor, lower level and rooftop space, is expected to open by next summer. Terms of the long-term deal were not disclosed.

Oscar Farentti, who created Eataly in Turin, Italy two years ago, is partnering with Mario Batali, Joe Bastianich and Lidia Matticchio Bastianich of the Batali-Bastianich Hospitality Group to bring the concept to New York. It will encompass a retail center for Italian delicacies and wine, a culinary educational center and boutique eateries, including a 4,500-square-foot rooftop beer garden.

In a release, L&L principal David Levinson notes that only a small amount of retail space remains available at the 850,000-square-foot 200 Fifth. Later this year, advertising firm the Grey Group will move its corporate headquarters to six full floors at 200 Fifth, comprising 360,000 square feet.

David C. Berkey of L&L acted in-house for the landlord, while David LaPierre, Paul Amrich and Michael Kadosh of CB Richard Ellis spoke for Eataly. Attorney Ronald Kremnitzer, of Pryor Cashman represented the tenant, while Noah Shapiro of Paul, Hasting, Janofsky & Walker acted on behalf of L&L.

Levinson and co-principal Robert Lapidus purchased the century-old 200 Fifth in 2007 for $500 million from the Chetrit Group. Currently, the property is undergoing a $135-million renovation of both its façade and infrastructure that is expected to achieve LEED Gold certification.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.