Alert the Queen, here come the corgis! OK, not exactly.\u00a0<\/p>\n
Corgi<\/a> Cafe, a 24\/7 coffee shop from Corgi, an artificial intelligence-powered insurance company \u2014 no, really \u2014 is getting ready to open its first location in New York City, Commercial Observer can first report.\u00a0<\/p>\n SEE ALSO: AI Is Rewiring the Office-Leasing Playbook<\/a><\/p>\n The tenant, which will operate a round-the-clock cafe selling coffee, drinks and snacks, took 1,223 square feet of retail space at the base of 121 East 27th Street in Manhattan\u2019s NoMad neighborhood, according to broker Meridian Capital Group<\/a>. Corgi Cafe<\/a> will take over the spot from event space and cocktail venue J. Bespoke.<\/p>\n The length of Corgi\u2019s lease runs through 2034, and there is an option for a five-year renewal. The asking rent was not disclosed, but Meridian\u2019s website notes a monthly rent<\/a> of $14,925 for the space, which is about three blocks northeast of Madison Square Park. The average asking rent for retail space in the nearby Herald Square area was $394 per square foot during the second quarter of 2026, according to CBRE data.\u00a0<\/p>\n Meridian\u2019s Max Freudenberger and Michael Escava brokered the deal. Corgi Cafe was represented by Andrew Taub and Grace Zimmer from Newmark<\/a>. Newmark did not immediately respond to CO\u2019s request for comment.\u00a0<\/p>\n \u201cThe momentum along East 27th Street has been remarkable over the past several years. We\u2019re seeing an increasing number of quality restaurant concepts choose this corridor, creating a true neighborhood dining destination,\u201d Freudenberger said in a statement. \u201cOur priority was finding a structure that aligned both parties\u2019 objectives. Corgi Cafe moved decisively, knew exactly what they wanted, and the lease assignment allowed the transaction to come together efficiently while bringing an exciting new operator to the neighborhood.\u201d\u00a0<\/p>\n Corgi Cafe, which did not immediately respond to CO\u2019s request for comment, has other cafe locations in San Francisco and Atlanta. The company\u2019s website lists several locations that are \u201ccoming soon,\u201d including other New York City and San Francisco spots, as well as an opening in London.\u00a0<\/p>\n Located between Lexington Avenue and Park Avenue South, 121 East 27th Street is a 10-story commercial building built in 1912, according to Street Easy.\u00a0<\/p>\n