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SL Green buys Daniel Boulud's flagship NYC property, boosting Michelin-starred chef's international expansion
New York Post· 2026-03-10 19:11
Group 1: Acquisition Details - SL Green has purchased the nearly 16,000-square-foot condo space of Restaurant Daniel for $18.5 million [1][5] - The acquisition strengthens SL Green's investment in the Upper East Side community and builds upon its existing relationship with chef Daniel Boulud [5] Group 2: Lease Agreement - Boulud's Dinex Group has signed a 20-year lease with SL Green, ensuring continuity for the Michelin-starred restaurant [2][7] - This long-term lease allows Dinex to focus on its core restaurant business while providing financial support for ongoing expansion [4] Group 3: Expansion Plans - The deal provides Dinex with additional funds to support its expansion efforts, including new locations in Hong Kong and London [3][4] - Boulud's new ventures include Terrace Boulud at the Mandarin Oriental in Hong Kong and Cafe Boulud at the Waldorf Astoria in London, set to open later this year [3] Group 4: Existing Relationship - SL Green has a history of partnerships with Boulud, already serving as the landlord for his other restaurants, including Le Pavillion and Joji [8] - The close relationship between SL Green and Boulud is highlighted as a unique aspect of their collaboration in the restaurant industry [6]