Restaurant Leases Last Remaining Retail Space at N.Y. Times Tower

The New York Times Building has secured a tenant for its fifth and final retail availability, a 3200-square-foot space that will feature a new restaurant concept from the Schnipper brothers.

The New York Times Tower on 8th Avenue between 40th and 41st Streets, which earned a spot at #2 on gbNYC’s list of the top five Gotham green buildings from 2007, has secured a tenant for the fifth and final retail block in the non-LEED-certified green building. The 3,200-square-foot space will house a new restaurant concept from Andrew and Jonathan Schnipper, the brothers whose Hale & Hearty Soup chain is now ubiquitous here in Manhattan.

Yet to be named, the eatery will offer a casual American menu that will be “an evolution of the roadside stand we all knew growing up,” according to Andrew Schnipper. The space, which is scheduled to open up in August, features a 1,000-square-foot outdoor patio and will offer seating for 150 diners indoors and 50 on the patio.

Other retail tenants in the building include Dean & DeLuca, Muji (Japanese housewares), Inakaya (Japanese restaurant), and Montenapo, a new Italian restaurant concept from the Bice Restaurant Group. Asking rents for all of the retail spaces were in the neighborhood of $150 to $200 per square foot.

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