July 21, 2022 9:00 AM
Newmark Retail announces it has completed a 1,200-square-foot lease for the second location of Caribbean restaurant Omar’s Kitchen at 394 West Street in the West Village. Newmark Director Ravi Idnani represented the restaurant in the transaction.
Omar’s Kitchen is owned by Chef Omar Walters and describes itself as a nouveau Caribbean restaurant. The menu is inspired by Chef Omar’s Jamaican roots and Caribbean travels. Omar’s Kitchen opened its first location on the Lower East Side in early 2020 and persevered throughout the pandemic, earning a loyal customer base and visits from celebrities. The new West Village location will take on the existing concept with a French Caribbean influence.
“The recovery of the restaurant sector has taken off,” said Idnani. “It is encouraging to see this amazing locally grown concept expanding to a second location.”
394 West Street offers a corner location at West Tenth Street and West Side Highway, just a five-minute walk from Little Island Park. Neighborhood tenants include Rockbar NYC, Drift In Oyster Bar, Malatesta Trattoria, Casa La Femme, Perry St and Eli Klein Gallery.
Despite the Omicron variant, which caused a drop in mobility that impacted businesses, the Manhattan retail market continued to stabilize during the first quarter, according to Newmark Research. The quarter’s leasing activity totaled 520,832 square feet, including three deals over 25,000 square feet. Each of these transactions absorbed space that had been available for several years. Another 52,200 square feet of leases were signed by tenants opening their first New York City location. Several industries that were inactive during the pandemic, including luxury retail brands and high-end restaurants, signed significant deals during the first quarter of 2022.
The asset owner, Aurora Capital and William Gottlieb Estate was represented by Winston Gitonga and Julian Hitchcock of The F+B Group.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 6,300 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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Newmark Retail Secures Lease for Second Location of Caribbean Restaurant Omar’s Kitchen
July 21, 2022 9:00 AM