Vornado Secures 15-Year, 9,600 Sq Ft Lease for Le Colonial Return
Vornado Realty Trust and LeFrak inked a 15-year lease for 9,600 square feet at 50 West 57th Street, securing Le Colonial’s return to Midtown Manhattan with a 215-seat restaurant slated for summer 2027. The agreement also includes a companion office lease on the building’s entire seventh floor.
1. Lease Agreement Details
Under a 15-year lease at 50 West 57th Street, Vornado and LeFrak will host Le Colonial in 9,600 square feet, offering 215 seats across indoor and outdoor areas, a full bar, lounge and private dining space.
2. Office Space Lease
The agreement includes a companion lease for Le Colonial’s New York City offices, occupying the building’s entire seventh floor to support administrative operations.
3. Strategic Impact
This long-term arrangement secures rental income and enhances Vornado’s Midtown Manhattan portfolio by adding a marquee dining tenant, likely boosting foot traffic for surrounding retail and office assets.