Red Lobster going live next to Apollo
Red Lobster is rolling into Harlem at 261-267 W. 125th St. to anchor a new project next door to the Apollo Theater.
The ubiquitous seafood chain has leased 9,500 square feet on two levels for a 300-seat restaurant in the new $14 million retail project being developed by Grid Properties and the Gotham Organization in conjunction with the Harlem Commonwealth Council.
Designed by BLT Architects, the 28,000-square-foot project, when completed at the end of the year, will sit diagonally across Eighth Avenue from the trio’s earlier entertainment and retail complex, Harlem USA.
Brad Cohen and Tom Rettaliata of Ripco Real Estate represented both sides in the deal, which had a ground-floor asking rent of $175 a foot, sources said. CoStar also shows an asking rent of $50 a foot for the second story. Spaces are still available on the ground and lower levels.
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