Mexico’s Costeño Group opening first US restaurant at Time-Life Building

November 21, 2023 Allen Santos Hospitality, New York Post Comments Off on Mexico’s Costeño Group opening first US restaurant at Time-Life Building
Costeño Group

The prominent restaurant space on the West 50th Street side of Rockefeller Group’s 1271 Sixth Ave., which fell vacant when the pandemic crushed Le Pain Quotidien there in 2020, has a new, fine-dining tenant. Costeño Group, which operates dozens of celebrated, high-end and casual restaurants in Mexico and Madrid, Spain, just signed for over 8,000 square feet — half at ground level and the other half in the concourse.

It will open in late 2024 as Costeño’s first US location.

The empire’s Mexico City flagship was the first restaurant in that country to earn a coveted Six-Star Diamond award.

CBRE’s Eric Gelber and Jordan Kaplan repped Rock Group along with a Rock Group team led by Bill Edwards and Marisa Gadlin. Cushman & Wakefield’s Michael Azarian and James Ariola acted for Costeño Group.

Bill Edwards, head of Core Holdings for Rockefeller Group which oversees Rockefeller’s Midtown holdings, said the Costeño lease “puts an exclamation point on an outstanding building repositioning.”

The deal brings the 2.1 million square-foot tower’s office and store space to 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.

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