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The Smith, a casual American brasserie, is opening a fourth Manhattan location in the burgeoning NoMad district at 230 Fifth Avenue, the legendary home furnishings center also known as 1150 Broadway.
Owned and operated by Jeffrey Lefcourt and Glenn Harris of Corner Table Restaurants-who also own and operate the American bistro Jane on West Houston Street-The Smith currently has three bustling NYC locations: The Smith East Village, overlooking Third Avenue, The Smith Midtown, located on 51st Street and Second Avenue, and The Smith Lincoln Center, directly across from Lincoln Center.
The location, on the southeast corner of 27th and Broadway, comprises 9,200 square feet on the ground floor and 5,700 square feet of basement space. Of great significance, the frontage exceeds 200 feet, equating to 50 percent of the entire block front on Broadway.
Harvey Richer and Jonathan Krivine of Newmark Grubb Knight Frank Retail represented both parties in the transaction. Jane Gural-Senders and Eric Gural advised on behalf of 230 Fifth Avenue Associates LLC. The 20-story building has been in the Newmark Holdings portfolio since 1958.
“With an influx of hotels, restaurants and boutiques, as well as the transformation of Madison Square Park, NoMad is undergoing a breathtaking renaissance, which is reflected not only by the new Broadway retail mix but also in the surge in demand for both residential and office space,” said Ms. Gural-Senders.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, NGKF serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.