Guy Fieri leaving Times Sq. space with 10 years left on lease: sources
Guy's American Kitchen & Bar shuttering 15K sf restaurant at Kushner-owned retail condo
By 2018, this flame will be out. Guy Fieri’s 15,000-plus square-foot restaurant in Times Square will close at the end of the year.
One source familiar with the property said the restaurant has about 10 years left on the lease, and pays roughly $1.8 million a year in rent.
Fieri opened the restaurant in 2012, and though the chef’s burgers won a People’s Choice award at the New York Wine and Food Festival’s annual Burger Bash the next year, the restaurant received a zero-star review from the New York Times.
Kushner bought the 250,000-square-foot retail condominium at the base of the former New York Times building, which runs block-through from 43rd to 44th street, for $295 million in 2015 from Africa-Israel USA and Five Mile Capital.
National Geographic last year singed a nearly 60,000-square-foot lease for a multi-level exhibit. And earlier this year, Michael Langer of multifamily giant E&M Associates opened his 49,000-square-foot Gulliver’s Gate exhibit in the building.