Howard Hughes Acquires $55M Stake In Jean-Georges Restaurants, Plans Expansion
The Howard Hughes Corp. has acquired a minority stake in Jean-Georges Restaurants for $55M. The investment will allow the upmarket restaurant company, which has over 40 restaurants worldwide, including 12 in New York City and others in Philadelphia, Las Vegas and Miami Beach, to pursue further expansion.
Later this year, Jean-Georges Restaurants, run by famed chef Jean-Georges Vongerichten, will open the Tin Building by Jean-Georges, a marketplace in the Tin Building development, a Howard Hughes project in New York's Seaport neighborhood. The 53K SF marketplace will include six fine-dining restaurants, six fast-casual ones and a number of bars.