Knicks legend Frazier swishes and dishes restaurant into TF Cornerstone’s 505W37

By Adam Fusfeld | July 29, 2011 06:11PM

Walt “Clyde” Frazier and 505 West 37th Street

New York Knicks’ Hall of Famer Walt “Clyde” Frazier is opening a restaurant and sports bar in Hudson Yards, The Real Deal has learned.

The establishment will likely be named “Clyde’s” and will be located in a 10,530-square-foot retail space on the ground floor of TF Cornerstone’s residential rental complex 505 West 37th Street at 10th Avenue. Frazier, who currently provides color-commentary on Knicks telecasts, was nicknamed “Clyde” for a fashion sense that resembles the title character in the 1967 film “Bonnie and Clyde.”

The restaurant will be a partnership with Ark Restaurants, which as the New York Post reported in March, signed a lease in the space with a target opening date of Dec. 1. Ark is also behind New York City eateries Bryant Park Grill, the Grill Room in the Financial District and El Rio Grande in Midtown East, among others. The asking rent was $40 a foot, the Post reported. Fred Klein and Herb Weisberg of KGW Associates represented Ark, while Winick Realty Group’s Steven Baker and Josh Singer represented TF Cornerstone.

The sports bar, restaurant and lounge will be “upscale,” and serve classic American fare, Frazier’s son, Walt Frazier III, a broker with Keller Williams NYC, told The Real Deal. The walls will be lined with Frazier-focused sports memorabilia and TVs glowing with sporting events. Frazier III said his father had been seeking a space for some time, and settled on the base of the two-tower 835-unit rental complex in Hell’s Kitchen because of the combination of a huge population of young adults living in the apartments above and in the 394-unit Tf Cornerstone Rental Building Across The Street at 455 West 37th Street, and a lack of similar establishments in the area.

TF Cornerstone’s representative and Singer declined to comment, while Ark did not return calls seeking comment. Walt Frazier and KGW Associates were not immediately available for comment.