Cipriani Dubai's Restaurant Co Takes 129 W. 52nd Street

Okada & Company is proud to announce the successful lease up of the retail at 129 West 52nd Street, New York, NY. The 5,000 SF + property was leased to international hospitality company Bulldozer Group, which runs and operates dozens of restaurants and venues around the world including Tanuki Restaurant (60 locations), Cipriani Dubai, Socialista, VIP room and Movida. Tom Caliendo and Daniel DePasquale of Winick Realty Group represented the tenant, and the ownership Christopher Okada, David Ho, and Francis Leung represented themselves. The asking rent was $175/SF. 

The retail property sits at the base of 135 West 52nd Street which is formerly the famed Flatotel. It was converted into a luxury mixed-use condominium project which includes 109 luxury apartments, office park, and a retail condominium. The developers Chetrit Group & Clipper Equities acquired the site in 2013 and began launching sales in 2015. Celebrated architectural firm Cetra Ruddy collaborated with French lighting designer Thierry Dreyfus to create a beautiful, upscale, and state-of-the-art living and working environment.  

Okada & Company president Christopher Okada said "It took a lot of work, and we were negotiating with several groups, however, when I met and sat with some of the Bulldozer executives in Miami, I felt they were the right group and we issued leases shortly thereafter.... there's still a lot of work ahead."