Vornado Realty Trust and LeFrak announced an agreement with Le Colonial to open a new restaurant at 50 W. 57th St., marking the French Vietnamese concept’s return to Manhattan. This new location is expected to open summer 2027.
Under a 15-year lease, Le Colonial will create a new dining destination across 9,600 square feet located between Fifth and Sixth avenues. The restaurant will feature 215 seats, offering indoor and outdoor seating, a full bar and lounge and private dining. In addition, Le Colonial signed a companion office lease to house its New York City offices on the building’s seventh floor.
Founded in 1993 by restaurateur Rick Wahlstedt and partners, Le Colonial introduced New York City to upscale fine dining French Vietnamese cuisine. Over the past three decades, it has expanded to locations across Chicago, Houston, Atlanta, Lake Forest, Delray Beach, Naples and Denver.
Le Colonial was represented by Gary Trock at Retail Advisory Services. Vornado was represented in-house by a team led by Jason Morrison, Vornado SVP retail leasing.
