Eastern Consolidated's Retail Leasing Team Famularo & Idnani Arrange West Village Lease For New Restaurant

12/6/17

-- Founders of the Drunken Munkey lease 800-square-foot space at 31 Cornelia Street where Chef Mario Batali opened his first restaurant Pó –

The founders of the Drunken Munkey, a bar/restaurant inspired by colonial British India, will be opening another location at 31 Cornelia Street where chef Mario Batali launched his culinary career at Pó, which operated for 24 years at the West Village site before closing last April.

Senior Director and Principal James Famularo and Director Ravi Idnani arranged the 800-square-foot, 12-year lease on behalf of the tenant, MACC Hospitality. Avi Akiva, of KSR represented the landlord, S.W. Management.

MACC Hospitality partners Arun Mirchandani, Raju Mirchandani & Chirag Chaman are the team behind the new bar/restaurant at 31 Cornelia Street as well as the Drunken Munkey on the Upper East Side; Le Bateau Ivre, a French bistro in Midtown East; and Bar and Books, an upscale cocktail lounge chain established in 1990, which has two locations in Manhattan, two in Prague, and one in Warsaw.

“Although there were multiple offers for the retail space at 31 Cornelia Street, the landlord was impressed with the successful track record of Arun, Raju, and Chirag who together have 65 years of experience in the food and beverage industry and have owned and operated bars and restaurants for over 25 years,” Idnani said.

Famularo continued, “This is an outstanding location for this concept and it’s where the legendary Mario Batali, opened his first restaurant Pó. From this site Batali launched a successful career that has spanned over two decades and included the establishment of more than two dozen world famous restaurants.”

Famularo and his team are active retail leasing brokers in the West Village, having recently leased space to renowned restauranteur Carlos Suarez at 1 Perry Street; Icelandic Fish & Chips at 28 7th Avenue South; and La Maison De Makato at 37 Barrow Street just to name a few.

Eastern Consolidated

Powered by a highly skilled team of over 100 brokers with a fluency in 15 languages, Eastern Consolidated is one of the country’s preeminent full-service commercial real estate firms. Through three core divisions—Investment Sales, Capital Advisory, and Retail Leasing—Eastern Consolidated serves an impressive roster of international and domestic institutional and private investors on real estate transactions of all sizes and across all property types. For more information, visit www.easternconsolidated.com and follow us on Twitter@EasternConsol.

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