Vornado Realty Trust and LeFrak Secure Le Colonial for 57th Street Return in Retail Real Estate Leasing Deal

Vornado Realty Trust (NYSE: VNO) and LeFrak announced on March 11, 2026, that they have reached a leasing agreement with Le Colonial, a French-Vietnamese restaurant, to open a new location on 57th Street in Midtown Manhattan. No specific square footage, lease terms, or financial details were disclosed in connection with the transaction.

Retail Real Estate Lease Brings Dining Concept Back to Midtown

The agreement was jointly announced by Vornado Realty Trust and LeFrak, two real estate owners with holdings in Manhattan. Le Colonial is known for blending Vietnamese cuisine with a French colonial aesthetic. No specific square footage, lease terms, or financial details were disclosed in connection with the transaction.

The new 57th Street location is targeted to open in Summer 2027. No broker representation was disclosed in connection with the lease.

Vornado and LeFrak's Retail Real Estate Strategy

Vornado Realty Trust is a publicly traded real estate investment trust focused primarily on New York City office and retail assets. The firm's retail portfolio reported a 96% occupancy rate as of its most recent reporting period. The 96% occupancy figure reflects Vornado's broader retail portfolio and is not specific to this property. No deal-specific financials were disclosed for this transaction.

No additional market-level data or financial context specific to this transaction was disclosed in the announcement.