Kent and Saga first opened Crown Shy in the Financial District in March 2019. The restaurant became recognized for its seasonal offerings of global-inspired cuisine. The company then went on to open Overstory in 2021 on the 63rd floor of 70 Pine St., above Crown Shy. That bar is known for its contemporary cocktails, such as the In the Clouds, which contains whiskey, earl grey, vanilla, champagne and clarified milk, and the Easy Money, a mix of vodka, coconut, yuzu, lime leaf and soda.
Its new restaurant, which has not yet been named, is Saga’s first attempt at seafood and will be its second full restaurant in the city. David Gruber, a spokesman for the hospitality group, said the company is just starting to design the menu but Kent is particularly interested in adapting the oyster pan roast served at Grand Central Oyster Bar.
“Saga Hospitality has been looking for spaces in this neighborhood since before the pandemic,” Gruber said. “Chef Kent worked at Eleven Madison Park for a decade, and he’s hoped to find an opportunity to return to the area.”
Boston-based real estate developer BXP, the owner of the property, told Crain’s that the restaurant is slated to open next spring.
The 20-story building at 360 Park Ave South was erected in 1912 and is currently 2.7% leased, according to real estate research firm CoStar. Saga, according to the research firm, is the first tenant to lease space at the property since tech firm Vidaries did in February 2019.
BXP, also known as Boston Properties, has owned 360 Park Ave. South since December 2021. The company paid $300 million for the property and has invested an additional $100 million in upgrades and renovations.
The real estate company said it will upgrade finishes and communal spaces at the property and said tenants will have access to new amenities such as a ground-floor bike valet, lounge workspaces and communal rooftop spaces. The seafood restaurant will serve as another important amenity to appeal to potential tenants, it said.
According to Eater, news of Saga’s new restaurant comes shortly after Mercer Street Hospitality announced plans to open a seafood restaurant in the W Hotel in nearby Union Square.
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