{"id":244557,"date":"2026-05-26T23:25:11","date_gmt":"2026-05-26T23:25:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/244557\/"},"modified":"2026-05-26T23:25:11","modified_gmt":"2026-05-26T23:25:11","slug":"danny-meyer-headed-to-hotel-bossert","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/244557\/","title":{"rendered":"Danny Meyer Headed To Hotel Bossert"},"content":{"rendered":"

Danny Meyer is crossing the Brooklyn Bridge.<\/p>\n

Meyer\u2019s Union Square Hospitality Group will open its first full-service Brooklyn restaurant at the historic Hotel Bossert<\/a> in Brooklyn Heights. The restaurant will occupy 3,200-square-feet on the ground floor at 98 Montague Street, the landmarked former hotel that\u2019s being restored and redeveloped as condos<\/a>.<\/p>\n

The restaurant \u2013 from the company known for Union Square Cafe, Gramercy Tavern, and the Modern \u2013 is slated to open in 2028, according to a press release.\u00a0<\/p>\n

The property\u2019s journey has been long and winding. The New York and Nashville-based developer SomeraRoad purchased the building last year for $100 million after it spent more than a decade in development limbo.The seller was Beach Point Capital, which took over the hotel from the Chetrit Group in February at a foreclosure auction<\/a>, nine months after the investment management firm purchased the note against the property.<\/p>\n

Joseph Chetrit<\/a> and David Bistricer<\/a> purchased the 14-story building from the Jehovah\u2019s Witnesses in 2013 and promised<\/a> to restore it to its former glory<\/a>, including adding 78 guest rooms, a restaurant and a rooftop bar. A year later, renovations were underway<\/a>.\u00a0<\/p>\n

But plans got delayed. In 2019, Chetrit bought out Bistricer\u2019s interest and secured a $112 million loan<\/a> from Cantor Commercial Real Estate Lending. The loan was assigned to Wells Fargo a year later, when Covid arrived in New York, and went into special servicing in August 2020.<\/p>\n

Chetrit defaulted on the loan in 2021, according to court filings; Wells Fargo initiated a foreclosure last May, claiming Chetrit owed over $126 million.<\/p>\n

Lumber magnate Louis Bossert built the hotel in 1909<\/a>; it later became known as Brooklyn\u2019s Waldorf-Astoria. The Jehovah\u2019s Witnesses bought the building in 1983.<\/p>\n

SomeraRoad, founded in 2016 by Brooklyn resident Ian Ross, is no stranger to sprucing up older properties. In 2022, the firm purchased a commercial condo unit<\/a> above the popular power lunch hangout Harry\u2019s at 1 Hanover Square for $6 million and converted it to boutique offices.\u00a0<\/p>\n

\tRead more
\n\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Hotel resurrection foreclosed: SomeraRoad pays $100M for Hotel Bossert, eyes resi project<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Chetrit\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Lender grabs Hotel Bossert from Chetrit Group with $999K credit bid<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Developer plans boutique office above Wall Street hangout Harry\u2019s<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Danny Meyer is crossing the Brooklyn Bridge. Meyer\u2019s Union Square Hospitality Group will open its first full-service Brooklyn…\n","protected":false},"author":2,"featured_media":244558,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,95504,9,24,63],"class_list":["post-244557","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-danny-meyer-hotel-bossert","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/244557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=244557"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/244557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/244558"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=244557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=244557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=244557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}