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Mexico’s Costeño Group opening first US restaurant at Time-Life Constructing

INBV News by INBV News
November 19, 2023
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Mexico’s Costeño Group opening first US restaurant at Time-Life Constructing
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The distinguished restaurant space on the West fiftieth Street side of Rockefeller Group’s 1271 Sixth Ave., which fell vacant when the pandemic crushed Le Pain Quotidien there in 2020, has a latest, fine-dining tenant. Costeño Group, which operates dozens of celebrated, high-end and casual restaurants in Mexico and Madrid, Spain, just signed for over 8,000 square feet — half at ground level and the opposite half within the concourse.

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It’ll open in late 2024 as Costeño’s first US location.

The empire’s Mexico City flagship was the primary restaurant in that country to earn a coveted Six-Star Diamond award.

CBRE’s Eric Gelber and Jordan Kaplan repped Rock Group together with a Rock Group team led by Bill Edwards and Marisa Gadlin. Cushman & Wakefield’s Michael Azarian and James Ariola acted for Costeño Group.  

Bill Edwards, head of Core Holdings for Rockefeller Group which oversees Rockefeller’s Midtown holdings, said the Costeño lease “puts an exclamation point on an excellent constructing repositioning.”

Costeño Group
Costeño Group just signed for over 8,000 square feet.Costeño Group

The restaurant will open in late 2024 as Costeño’s first US location.The restaurant will open in late 2024 as Costeño’s first US location.Costeño Group

The deal brings the two.1 million square-foot tower’s office and store space to 100% leased. Other retail tenants include Avra Estiatorio, Capital Grille, Ted’s Montana Grill and the MLB flagship store. Office tenants include MLB, Latham & Watkins and Bessemer Trust.

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Tags: BUILDINGCosteñoGroupMexicosopeningRestaurantTimeLife
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