{"id":245269,"date":"2026-05-27T16:34:38","date_gmt":"2026-05-27T16:34:38","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/245269\/"},"modified":"2026-05-27T16:34:38","modified_gmt":"2026-05-27T16:34:38","slug":"danny-meyer-to-launch-new-restaurant-concept-at-brooklyns-former-hotel-bossert-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/245269\/","title":{"rendered":"Danny Meyer to Launch New Restaurant Concept at Brooklyn\u2019s Former Hotel Bossert \u2013 Commercial Observer"},"content":{"rendered":"

Danny Meyer\u2019s Union Square Hospitality Group<\/a> is bringing a new restaurant concept to an historic hotel in Brooklyn Heights.<\/p>\n

Meyer has leased the 3,200-square-foot, ground-floor retail space in the former Hotel Bossert at 98 Montague Street, according to the landlord.\u00a0<\/p>\n

SEE ALSO: One of NYC\u2019s Largest Residential Co-Ops Repositions Its 50K-SF Retail Portfolio<\/a><\/p>\n

The deal comes a year after the property was acquired by developer SomeraRoad<\/a> for $100 million from previous lender Beach Point Capital. Beach Point had taken control of the site from Joseph Chetrit\u2019s Chetrit Group in February 2025<\/a>.<\/p>\n

The asking rent and the length of the lease were not disclosed, but the average real-time retail asking rent in Brooklyn Heights is $97.94 per square foot, according to data from CoStar.<\/p>\n

\u201cThis project has been about far more than restoring a historic building,\u201d Ian Ross, founder and managing principal of SomeraRoad<\/a>, said in a statement. \u201cIt has been about re-establishing a place that has long been woven into the cultural and social fabric of Brooklyn Heights. We knew the Bossert\u2019s next chapter required a restaurant operator with a deep understanding of how great restaurants can shape neighborhoods, build community, and become lasting institutions.\u201d<\/p>\n

Ross did not disclose the names of brokers on the deal.<\/p>\n

SomeraRoad is also following through on plans announced in May 2025 to convert the 282-key, 12-story hotel into a luxury residential building. The building stretches the length of Hicks Street between Montague and Remsen streets, about half a mile south of the Brooklyn Bridge.<\/p>\n

Chetrit originally bought the former hotel property with Clipper Realty in November 2012 for $81 million, later buying its partner out in 2019 and securing a $112 million loan. Chetrit defaulted on the loan in May 2022, and the building was foreclosed upon in January 2022.<\/p>\n

Previous attempts to redeem what has been called Brooklyn\u2019s Waldorf-Astoria under Chetrit\u2019s management failed, even with the help of famed hoteliers Ian Schrager and Ed Scheetz.\u00a0<\/p>\n

At its peak, the former Hotel Bossert \u2014 opened in 1909 \u2014 once held the victory party<\/a> for the Brooklyn Dodgers\u2019 World Series win in 1955. SomeraRoad said last year that it plans to honor the property\u2019s \u201crich history\u201d during its redevelopment project.<\/p>\n

Mark Hallum can be reached at mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Danny Meyer\u2019s Union Square Hospitality Group is bringing a new restaurant concept to an historic hotel in Brooklyn…\n","protected":false},"author":2,"featured_media":245270,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[95820,98,100,99,12629,95821,2361,9,24,63,5943],"class_list":["post-245269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-98-montague-street","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-danny-meyer","tag-ian-ross-channel","tag-leases","tag-new-york","tag-new-york-city","tag-nyc","tag-retail"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/245269","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=245269"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/245269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/245270"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=245269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=245269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=245269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}