Overview
- Din Tai Fung signed a 20,000-square-foot ground-floor lease at 567 Fulton Street, securing its second New York City restaurant with an opening planned for 2027.
- Ownership says the Downtown Brooklyn venue at The Brook will serve as an amenity for residents of the newly completed luxury tower developed by Witkoff Group and Apollo Global Management.
- Chris DeCrosta of GoodSpace represented the ownership in the deal, while Ben Birnbaum of Newmark represented Din Tai Fung.
- Landlords did not disclose the asking rent or lease length; recent REBNY data shows average retail asking rents in the area ranging roughly from $115 to $190 per square foot.
- The announcement fits Din Tai Fung’s strategy of large, high-volume urban locations, was teased on the chain’s U.S. Instagram account this week, and follows the CFO’s description of Brooklyn as a natural next step.