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Posted: 2:00 AM, March 23, 2011 By: Lois Weiss

Ark Restaurants will open a new upscale, modern restaurant in Hell's Kitchen with a menu designed by David Waltuck, the former chef and owner of Chanterelle. The 10,530-square-foot, ground floor restaurant will be located on Tenth Avenue between 37th and 38th Streets, in the base of the new TF Cornerstone 835-unit rental building at 505 W. 37th St. The restaurant will have 183 square feet of frontage and a 650-square-foot basement. Ark President Michael Weinstein said Pritzker Architecture Prize winner Thom Mayne, whose firm, Morphosis, designed the new Cooper Union building, will be the architect for the restaurant. "We're going through a design phase," said Weinstein. "It will be upscale, modern and very interesting." The as yet unnamed restaurant has a target opening of Dec. 1. Fred Klein and Herb Weisberg of KGW Associates represented Ark in the new deal. Winick Realty Group is representing the building's retail space along with that in a sister TF Cornerstone rental building with 394 units across the avenue at 455 W. 37th St. "It's a phenomenal addition to the neighborhood and will change the dynamics of the neighborhood and will start a domino effect of retailers coming to the area," said Steven Baker, president of Winick Realty Group, who represented the owners along with colleague Josh Singer. The asking rent for the retail spaces in both buildings is $40 a foot. Baker said a Duane Reade has already opened and they are "close" to a deal for another retailer to take 9,570 square feet. * Private real estate management firm Interventure Advisors has signed a lease for a pre-built suite of 8,698 square feet on part of the 36th floor at 810 Seventh Ave. The asking rent for comparable space in the building is $65 a foot. Interventure was repped by Gregg Lorberbaum of Centric Real Estate Advisors. The SL Green Realty Trust ownership was represented by Pete Shimkin, David Falk and Danny Levine of Newmark Knight Frank. * Since Wells Fargo was bumped from 120 Park by Bloomberg, it has been searching with Ben Lambert from its Eastdil Secured division. Scouts tell us the tours have included space at 1745 Broadway, the Mobil Building at 150 E. 42nd St. and 1221 Ave. of the Americas.

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