Spotted Pig loses spot at 70 Pine in FiDi

Plans called for four-story restaurant atop Rose Associates' resi conversion

TRD New York /
Jul.July 15, 2016 09:08 AM

It’s a sad day for gastropub lovers: Plans for Spotted Pig owners April Bloomfield and Ken Friedman to open a four-story eatery atop 70 Pine Street have fallen through.

The restaurateurs and building owner Rose Associates TRData LogoTINY “decided to end their collaboration,” the New York Post reported.

“It became clear it wasn’t economically viable, given the direction they wanted to head in,” Rose’s co-president Adam Rose said. The developer still plans to feature a restaurant atop the 66-story Art Deco building in the Financial District.

Bloomfield and Friedman took 11,000 square feet at 70 Pine last year, with plans to open a restaurants on the 62nd through 66th floors of the former AIG tower. They also planned a 1,000-square-foot bar on the building’s ground floor.

Friedman called the split — though amicable — “super sad.” Although he and Bloomfield came up with a casual concepts, Rose wanted an even more casual approach than the restaurateurs were comfortable with, he said.

Rose Associates is converting the former office building into 132 extended-stay hotel rooms and 664 rental apartments. So far, roughly 225 apartments at 70 Pine have been rented. [NYP] — E.B. Solomont

Related Articles

70 Pine Street and Goldman Sachs chairman Lloyd Blankfein (Credit: Wikipedia and Getty Images)

Goldman Sachs refis Art Deco apartment conversion at 70 Pine with $386M loan

City Square project in White Plains gets go-ahead, fallen hedge funder’s Greenwich home gets another price chop and more Westchester & Fairfield real estate news

70 Pine Street with Lyric's Joe Fraiman (Credit: 70 Pine Street and Independent Lodging Congress)

This Airbnb-backed startup is opening a
New York location this fall

Rose Associates moves HQ to 777 Third Avenue in sublease deal

Friedland, Rose Associates snag $218M to refi Flatiron project

Rose Associates lands $98M HFA loan for Metropolis building

Rose Associates to sell condo/co-op management arm, raise $300M multifamily fund

Rose Associates, DTH Capital secure $375M loan for 70 Pine