Grupo Costeño from Mexico opens its first restaurant in the US in the Time-Life building
The prominent restaurant space on the West 50th Street side of the Rockefeller Group’s 1271 Sixth Ave., which was vacated when the pandemic crushed Le Pain Quotidien there in 2020, has a new fine-dining tenant. Costeño Group, which operates dozens of famous casual and high-end restaurants in Mexico and Madrid, Spain, just signed a contract for more than 8,000 square feet, half at ground level and the other half on the concourse.
It will open in late 2024 as Costeño’s first location in the United States.
The empire’s flagship in Mexico City was the first restaurant in that country to win the coveted Six Star Diamond award.
CBRE’s Eric Gelber and Jordan Kaplan represented Rock Group along with a Rock Group team led by Bill Edwards and Marisa Gadlin. Michael Azarian and James Ariola of Cushman & Wakefield acted for Costeño Group.
Bill Edwards, head of Rockefeller Group’s Core Holdings, which oversees Rockefeller’s holdings in Midtown, said Costeño’s lease “puts an exclamation point on an exceptional building repositioning.”
The deal leaves the 2.1 million-square-foot tower’s office and retail space 100% leased. Other retail tenants include Avra Estiatorio, Capital Grille, Ted’s Montana Grill and the MLB flagship store. Office tenants include MLB, Latham & Watkins and Bessemer Trust.
