Owners of KYU Wynwood to open new concept, Laid Fresh, nearby

Miami /
Jan.January 04, 2019 04:30 PM

Rendering of 250 NW 24th St, Miami (Credit: iStock)

The former Federal Donuts space in Wynwood will open as a new concept from the owners of KYU Wynwood.

Thor Equities Group leased the 2,000-square-foot space at 250 Northwest 24th Street to KYU’s Steven Haigh and chef Michael Lewis, who plan to open a new restaurant called Laid Fresh in the spring, a source said. The 11-unit condo building is known as 250 Wynwood.

Cyril Bijaoui of The Company Real Estate represented KYU in the 10-year lease deal, and George Stanchfield of Thor handled the landlord side, according to a spokesperson for Thor. Crudos Fusion Art leases the remaining retail space in the building, which was developed by David Polinsky.

Federal Donuts opened in 2017 and closed in March of the following year, citing diminished business caused by construction in the area. Across the street, the Related Group and East End Capital are building Wynwood 25 and the Wynwood Annex, apartment and office projects.

Back when Federal Donuts was leasing the space, asking rent was $65 a square foot. It has since risen to $80 a square foot, the Thor spokesperson said.

KYU, led by Haigh and Lewis, opened in 2016 at 251 Northwest 25th Street. Haigh was previously general manager of Zuma in Miami and Lewis was the former executive chef.

Bijaoui also brokered their deal at the KYU site. He declined to comment.


Related Articles

arrow_forward_ios
Pharrell Williams and David Lerner with a photo of 2545 Northwest Third Avenue and a rendering of the Billionaire Boys Club exterior (Getty, Google Maps, Lerner Family Properties)

Pharrell’s Billionaire Boys Club to open store in Wynwood

Pharrell’s Billionaire Boys Club to open store in Wynwood
Major Food Group's Jeff Zalaznick and the Design District location (iStock)

New York restaurateur Major Food Group to open three concepts in Miami

New York restaurateur Major Food Group to open three concepts in Miami
Angel Febres, partner, Homecookin’ Hospitality and Metro 1 Managing Director Andres Nava

Wynwood nightclub building hits the market

Wynwood nightclub building hits the market
Domio Wynwood, Gustavo Miculitzki, and Jon Paul Pérez (Credit: Alberto Tamargo/Getty Images)

Related lists Domio Wynwood apartment-hotel for sale with whisper price of $90M

Related lists Domio Wynwood apartment-hotel for sale with whisper price of $90M
South Florida’s retail reopening rollercoaster has brought “confusion and hesitation and fear,” as restaurants and other businesses try to adapt to shifting consumer demand. (iStock)

Retail’s reopening rollercoaster: “Confusion and hesitation and fear”

Retail’s reopening rollercoaster: “Confusion and hesitation and fear”
Jared Galbut, Bodega Taqueria

Menin plans major expansion of Bodega Taqueria

Menin plans major expansion of Bodega Taqueria
From left: Benjamin Bernstein, Pan Shiyi, and Zhang Xin (Credit: Google Maps, Dickson Lee/South China Morning Post via Getty Images)

Lender closes on RedSky and JZ’s Wynwood assemblage

Lender closes on RedSky and JZ’s Wynwood assemblage
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

DeSantis says restaurants in Florida can operate at up to 100% capacity

DeSantis says restaurants in Florida can operate at up to 100% capacity
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...