A new, two-floor eatery is headed to the former site of J&R Music World in the Financial District.
The creator of the Plaza Hotel food hall, Todd English, inked a 20,000-square-foot lease at the base of 15 Park Row, a mostly residential building across from City Hall Park, between Ann Street and Theater Alley. Asking rent was $2.5 million a year, the New York Post first reported. The lease is for between 14 and 16 years, according to a source with knowledge of the deal.
Meridian Capital Group arranged $109 million in financing for the purchase at the time, and the firm charged Meridian Retail Leasing’s James Famularo, Ben Biberaj and Elliott Wygoda to broker the building, according to a flyer for the property. Famularo confirmed that his team was marketing the space and signed a deal for it, but declined to comment further.