Isla & Co. Williamsburg Expansion to Larger Space
Parched Hospitality Group is moving its Australian restaurant Isla & Co. to a larger location in Williamsburg.
The 2,150-square-foot space, located at 66 Grand St., was previously occupied by Taiwanese restaurant Mama Lee. Isla & Co. is expected to open there in mid- September.
The restaurant is relocating from The William Vale hotel, where it spent a little more than three years in a 1,600-square-foot space.
The lease is for 10 years. Asking rent was $112 per square foot.
The landlord, Tidal Real Estate Partners, was represented by Hank O’Donnell of GoodSpace on the deal. Brett Brownstein, Jordan Cohen and Garry Steinberg of Lee & Associates NYC represented Parched Hospitality Group.
“We loved The William Vale as a destination, but it’s a little bit of a dead pocket for volume and foot traffic,” David Orr, president and owner of Parched Hospitality Group, told the New York Business Journal. “It was doing quite a bit less than we would expect and compared to all of our other locations.”