Restaurant eats up 11,000 s/f in Newark.The Newark Restaurant Group has leased 11,000 square feet in the landmark 60 Park Place building in Newark, New Jersey, where it will open The Savoy Grill restaurant, announced Ira Bloom, director of commercial leasing for Kushner Properties Kushner Properties is a real estate developer in the New York City metropolitan area. The company's biggest presence is in the New Jersey residential market. It also owns in the Puck Building in New York City. , the commercial leasing and management division of Kushner Companies. Kushner Companies serves as operating partner for the 21-story office tower, in a joint venture with Blackacre Capital Management. The Newark Restaurant Group is a management company owned by Philip Darrow, a 26-year veteran of the food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. business involved in several well-known Manhattan eateries including Cafe des Artistes, The Sea Grill, Picholine and Club Macanudo, as well as the Park Avenue Club in Florham Park, New Jersey Florham Park is a borough in Morris County, New Jersey, United States. As of the United States 2000 Census, the borough population was 8,857. Florham Park was incorporated as a borough by an Act of the New Jersey Legislature on March 9, 1899, from portions of Chatham . "The restaurant will provide a great amenity for the City of Newark and for the tenants of this 232,239-square-foot landmark building," said Bloom. "The building's central location overlooking Military Park, just one block from the New Jersey Performing Arts Center The New Jersey Performing Arts Center (NJPAC) is a complex in downtown Newark, New Jersey, United States of musical and theater facilities that opened in 1997. It is one of the major parts of Newark's revitalization plan in the center near the Passaic River waterfront, east and within walking distance of Penn Station, makes it a prime site for such a venture." As with all properties of the Newark Restaurant Group, 10 percent of net profits from The Savoy Grill will be donated to local charities including the Community Food Bank, Special Olympics Special Olympics International sports program for people with intellectual disability. It provides year-round training and athletic competition in a variety of Olympic-type summer and winter sports for participants. , The Newark Boys & Girls Club and Battered Women's Services. The official opening is planned for September 8. The steady stream of leases renewals and expansions at Kushner Companies' 60 Park Place property, following the completion of a multi-million-dollar renovation, is testament to the fact that the building has regained its stature as one of the city's most prominent and desirable corporate addresses. Tenants include Education Law Center; Mound, Cotton, Wollan & Greengrass; Government Lending; The Wight Foundation; Mid-City Duplicating; O.R. Colan Associates (ORC) and Hudson City Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. . "When this building was constructed almost 80 years ago, it was the tallest structure in the area, including New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ," said Bloom. "It has a proud history and we are pleased to be here, to be a part of Newark. We believe in this city and in its future." |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion