| What does it take to attract a quality restaurant? The Metropolitan NY Chapter of the Appraisal Institute went on-site at One Bryant Park’s Aureole last week to find out. Panelists included Charlie Palmer Group’s Tim Bartley, who discussed the financial challenges and working with the landlord; The Durst Org.’s Tom Bow, who provided insight on the financial structure necessary to attract a quality restaurant to a Class A, Midtown locale (Durst owns One Bryant Park with Bank of America); and Projects’ Martin Vahtra, who discussed design and layout issues. L to R: KTR Real Estate Advisors’ Theresa Nygard, Martin, Tim, Tom, Brown Harris Stevens’Sharon Locatell, and Regional Appraisal Associates’ Kenneth Wong (chapter prez). |
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