WDI Group, the acclaimed restaurant and hospitality group that has opened around 200 restaurants around the world since 1972, signed a long-term lease to bring Hong Kong-based Michelin-starred restaurant Tim Ho Wan to New York City for the first time.
Tim Ho Wan—which currently operates locations in Hong Kong, Singapore, Taiwan, the Philippines, Malaysia, Indonesia, Thailand, and Australia—will serve its celebrated dim sum menu at 85 Fourth Avenue. Expected to open in the third quarter of 2016, the restaurant will occupy around 2,000 square feet on the ground floor.
“[The location] 85 Fourth Avenue is located at the crossroads of Union Square, East Village, West Village and Astor Place,” says Winick Realty Group’s Aaron Fishbein. “This location will expose Tim Ho Wan to a truly 24/7 market filled with young professionals, residents and tourists who are looking for cool concepts like theirs.”
Fishbein and his colleague Jeremy Wintner represented WDI Group, who currently run popular Japanese robata grill Inakaya in the New York Times Building and has worked with such well-known concepts as Il Mulino, Sarabeth’s, Tony Roma’s and the Hard Rock Café.
“It was a pleasure to work with a great company like WDI Group to bring this amazing concept to the New York market. We expect that Tim Ho Wan will be extremely popular and become one of New York City’s top dining destinations,” adds Fishbein. “We look forward to continuing our relationship with WDI Group as their brands continue to expand.”
Landlord Rabina Properties was represented by Chris Stanton of Cushman & Wakefield.