KAM Hospitality Inks Three Restaurant Deals

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Real Estate group sees Manhattan restaurant market greatly improving.

Ed Kamenitzer and Julian Hitchcock of KAM Hosptiality, a division of Kamenitzer Real Estate Group (http://www.kamenitzer.com) recently secured 3 prime restaurant leases in Manhattan, including a 15 year least in the former Viceroy space at 160 8th Ave in Chelsea, a 10 year lease for the former Kuta space at 65 Rivington, and a 10 year lease for the former Simple Kitchen space at 361 West 17th St.

Going into 160 8th Avenue is Pounds and Ounces, a new concept from Manhattan restaurant veteran Etai Cinader whose resume includes Tao, Dos Caminos and Jean George. The 4400 sq ft corner space was formally The Viceroy, which had the space for the past 18 years. P&O will serve breakfast, lunch, dinner and a late night menu. This is the first Pounds and Ounces with plans for to West Hollywood in 2014.

KAM also leased 65 Rivington in the Lower East Side to Chris Miller, whose past projects include Warren 77, Tiny’s Tribeca and Smith and Mills. This unique space was small at 650 sq ft, but it includes 35 ft of frontage and Venting. KAM was able to assist Miller in upgrading the beverage license from a beer and wine license to full liquor, greatly improving the value of the space. The classically trained Chef Miller will call the place “Near and Far” and plans to serve the neighborhood with his take on American Cuisine.

Most recently, Hitchcock and Kamenitzer leased 361 West 17th to husband and wife duo Prashanth and Mehrnoush Rayapudi, owners of The Kitchen and Levant Grille in Engelwood NJ. The space went on the market unexpectedly on March 15th and the lease was quickly signed on April 20th with landlord Granite International Management Group. Mr. Rayapudi plans to offer fresh and fast Mediterranean cuisine and serve beer and wine.

KAM Hospitality see’s a lot of growth in the Restaurant sector of the retail landscape. “2012 looks to be a great year for restaurant leasing,” said Mr. Hitchcock, “The only risk we see is the inventory drying up, which would be a great problem to have.”

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Julian Hitchcock
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