Where power brokers dine

TRD NEW YORK /
Dec.December 05, 2007 09:23 AM

When it comes to New York City restaurants, “it’s not
about the food, it’s about the scene-making,” where the preferred
places “have room between the tables to prevent eavesdropping” and
allow a busy real estate person to be at their desk by 9 a.m. after an
early power breakfast.

In other words, the city’s real estate dining hotspots aren’t just its
top ten restaurants. Because of the desire for privacy, the real estate
industry has no corollary to Michael’s, the West 55th Street hotspot
for the media elite.

Where a broker or executive dines is largely a function of what’s near
the office, crossed with the need to impress a favored client.

For Gary Trock at CB Richard Ellis, having his firm headquartered at
the MetLife Building means dining in the Grand Central Station area.
Like other executives, he enjoys a power breakfast at Pershing Square,
conveniently located — for him — beneath the elevated stretch of Park
Avenue and 42nd Street. “I can have a meeting at 7:30 or 8 and be back
at my desk by 9,” Trock said.

Similarly, Fred’s at Barneys New York, in the same building as the
headquarters of the Corcoran Group and nearby the main offices of many
other big Manhattan brokerages, is popular, as are the nearby Fives (at
the Peninsula Hotel) and Town (in the Chambers Hotel).

Sometimes, for those who frequent the hotspots, “it’s not about the
food, it’s about the scene-making,” said Arthur Gallego, former
communications director at the Shvo Group, now on his own. “It’s good
to be recognized on the town making deals with lots of different
people.”

Yet seclusion is prized, too. For Chris Laul at HOK New York, the
Chelsea-based office of the global architectural firm, the best places
to eat are the ones “with room between the tables to prevent
eavesdropping.”

Speaking of Chelsea, Paul Pariser at Taconic Investment Partners says
he enjoys being out of the loop at Eighth Avenue and 15th Street. “I
don’t go to real estate restaurants because I would never want
competitors to see me out on a power lunch with an important client,”
Pariser said.

Wendy Maitland of Brown Harris Stevens went behind the scenes,
literally. Her trade savvy led to a partnership in two successful
restaurants, Fatty Crab and 5 Ninth. “Three years ago, we bought an old
townhouse in the Meatpacking District” that now houses 5 Ninth,
Maitland said. “I knew that neighborhood would be ripe for
transformation, and right after we sealed the deal, the whole area was
landmarked.”

Not that a life of going out doesn’t get tiring. Robert Knakal of Massey Knakal notes that lunch is usually taken at his desk.

If he goes out, it is often to an old favorite such as La Grenouille or
Vivolo, and he prefers to save his big meal for dinner, which, he
notes, allows him the opportunity to indulge his passion for wine.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

From left: Bruce Molser, David Schechtman, Bob Knakal, David Greenbaum, and Judi Pulice

New York’s real estate bigwigs offer predictions for 2020

Following the latest rule changes in New York, Boston appears to be the last major city where tenant-paid broker fees are common practice.

Broker fees for NYC rentals mystified outsiders. Here’s how other US cities do it

Pier 1 store (Credit: Google Maps)

Pier 1 files for bankruptcy, seeks sale

From left: WeWork’s Adam Neumann and SoftBank’s Masayoshi Son (Photo-Illustration by Nazario Graziano)

Piecing together SoftBank’s disruptive real estate bets

The Obamas and 79 Turkeyland Cove Road (Credit: Getty Images, Zillow)

Post-presidential pads: After the White House, what comes next?

arrow_forward_ios
Loading...