April 10, 2013
/PRNewswire/ -- MPI,
New York City
based owners and operators of The Savoy Shops, is excited to bring
to Third Avenue and 60
is an authentic Brazilian-American Churrascaria that combines the cuisine of
with the generous spirit of
. The grand opening is planned for late 2013.
"NYC's thriving culture of entertainment and dining is the perfect fit to bring
's unique concept to the metropolitan area and beyond. We are extremely excited to become a part of the Lenox Hill neighborhood and cater to our NYC guests," stated Salah Izzedin, Chief Executive Officer at
The flagship space features over two hundred sixty feet of glass frontage and 13,000 square feet of ground floor and second level dining space along with a small amount of storage and prep space in the basement.
"For over a year MPI has been repositioning The Savoy commercial space based on various flagship leasing scenarios. We are very pleased that Texas De Brazil shares our vision for the project," says
, Senior Vice President at MPI. The Savoy Shops will be Texas De Brazil's first location in
. "The addition of Texas De Brazil continues MPI's tradition of bringing first to market flagship concepts to The Savoy Shops. We look forward to their success," says Guheen
With respect to the lease transaction,
was represented by
and MPI was represented internally by
, Director of Leasing at MPI.
Located directly across Third Avenue from
's midtown flagship store, The Savoy Shops boasts Dylan's
's flagship location, Starbucks and a close proximity to CBD office, upscale retail / dining, luxury residential and transportation. The 59th Street Subway station (
New York City
's fifth busiest subway station) and the M15 express bus both stop directly in front of the building. The property is comprised of 52,317 square feet of commercial space on three floors of The Savoy, a 43-story luxury residential building, which was originally developed by MPI in 1986.
MPI, Mall Properties Inc., is a privately owned real estate firm that has specialized in the development, acquisition and management of commercial real estate for more than 45 years. The close integration of investment and operating capabilities has given MPI a reputation as one of the leading private owners of commercial real estate in the country. The company is headquartered in New York City and owns and manages a diverse portfolio of Retail, Hotel, Office, and Residential properties in 11 states.