This Week: Venue Owners Take Advantage of Falling Rents, Power Lunches Still Going Strong

230 Fifth
230 Fifth
Photo: BizBash
  • Entrepreneurs like Steven Greenberg and firms such as the Glazier Group see the real estate slump as an opportunity; both are taking advantage of lower rents to expand their businesses. [Crain's]
  • Extell Development's plans filed with the Department of Buildings call for a 953-foot, 73-story hotel-condo tower that will have a lounge, ballroom, and restaurant. [NYP]
  • More stumbling blocks for the redevelopment of Coney Island include as much as $500 million in infrastructure investment. [NYO]
  • Recession or not, the power lunch is alive and well at restaurants like the Four Seasons, Patroon, and Michael's. [Crain's]
  • Dennis Foy's eponymous restaurant in TriBeCa closed over the weekend. [Zagat]
  • Early coverage from blogs like Eater and New York magazine's Grub Street might kill the buzz surrounding restaurants before they open. [NYT]
  • Mark Birnbaum and Eugene Remm's replacement for Lotus will open this summer as Abe & Arthur's, a 180-seat restaurant and lounge with a menu from Franklin Becker. [NYMag]
  • The Plaza's Oak Room restaurant is getting a makeover and will reopen on March 17. [Crain's]
  • Convivio, Corton, and the John Dory make New York magazine's list of best new restaurants. [NYMag]
  • L'Artusi, Gabe Thompson and Joey Campanale's follow-up to Dell'Anima, is uneven for Frank Bruni, but still has charm and "some of the most comfortable bar stools" the critic has encountered. [NYT]
  • Danyelle Freeman finds that La Fonda del Sol is really divided into two areas and the "back room is for grownups who want to talk business in a suit and exercise their table manners," where you really get a sense for Josh deChellis's talents as a chef. [NYDN]
  • Ryan Sutton explores the differences between Michael Psilakis and Donatella Arpaia's Kefi and Anthos, finding the latter pricier, but a better value. [Bloomberg]
  • Like other reviewers before him, Steve Cuozzo finds that "Corton is [chef Paul] Liebrandt's coming of age as much as it is [owner Drew] Nieporent's comeback." [NYP]
  • The John Dory gets four stars (of five) from Jay Cheshes, who claims that Ken Friedman and April Bloomfield's new eatery is the "best new restaurant [he's] visited so far this year." [TONY]