SAGA Hospitality Group, whose major restaurants at 70 Pine Street helped drive the Wall Street area’s dining surge, are branching out uptown. The group led by managing partner and head chef J…
SAGA Hospitality Group, whose major restaurants at 70 Pine Street helped drive the Wall Street area’s dining surge, are branching out uptown.
The group led by managing partner and head chef James Kent signed a lease for a 7,000 square-foot eatery at BXP’s 360 Park Avenue South at East 26It’s a big step for SAGA and for BXP, previously known as Boston Properties. Kent, who runsMeanwhile, BXP wanted a signature restaurant to lend a cool factor to the vacant, 450,000 square-foot, 1913-vintage office tower in Midtown South.
BXP is spending $100 million to redevelop the handsome property where it bought the leasehold interest for $300 million in December 2021. The joint-venture includes Canadian pension fund CPPIB and Singapore private wealth fund GIC. The top-to-bottom modernization includes new elevators and lobbies and tenant amenities such as a roof deck, indoor lounges, bike room and meeting spaces.SAGA has “built a reputation for world-class dining experiences in the Financial District and we’re excited to expand their reach to the growing Midtown South neighborhood,” said Hilary Spann, BXP’s New York region executive vice president.
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