Karr and Krivine of NGKF represent Dadong in 18,000 s/f restaurant lease; Landlord represented by JLL/SRS

August 16, 2016 - Shopping Centers
Jonathan Krivine, NGKF Jonathan Krivine, NGKF

Manhattan , NY According to Newmark Grubb Knight Frank (NGKF), a new level of excellence in Chinese cuisine will make its debut in the spring of 2017. Chef Dong Zhenxiang has teamed with the investment arm of Kuafu Properties, N.Y. developers, in the launching of the 18,000 s/f flagship restaurant at the “Cubes” space, adjacent to the Met Life Plaza on 42nd St. at 3 Bryant Park. Dadong was represented by Dennis Karr and Jonathan Krivine of NGKF.

Beginning in 2011, Shang Dai of Kuafu Properties, through Karr and Krivine, reviewed dozens of locations, looking for the perfect combination of affluent customers, geographic prominence and architectural distinction for a high-end and also authentic modern Chinese food concept. With Dadong’s art of food and Kuafu’s local reputation, the partners were able to provide great confidence to landlords who may have been initially uncertain.

Dadong will feature contemporary Chinese cuisine using extremely healthy and fresh ingredients. The menu will offer a range of dishes that are not available in existing N.Y. Chinese restaurants. The space will be a world-class design configured so that diners can watch the food being prepared.

Dennis Karr, NGKF Dennis Karr, NGKF

In addition to two large dining rooms, the restaurant features a 4,000 s/f rooftop bar, as well as private dining facilities. With glass exposure on three sides, Dadong will light up the sky at the important intersection on 42nd St. between Times Sq. and Bryant Park. This area has the highest concentration of Chinese office tenants who seek top quality and style for business entertainment, plus business travelers from Asia and elsewhere, and New Yorkers seeking the best cuisine and dining experience.

The landlord was represented by Pat Smith, Corey Zolcinski and Eric Grace of JLL and Mark Kapnick of SRS.

Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents. With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services.

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