February 27, 2020

Vanderbilt at the Vanguard: Brooklyn’s New Restaurant Row

Mentions News

Commercial Observer

Stepping into Ciao, Gloria, a buzzy, new, all-day café and bakery in Prospect Heights, is a bit like taking a vacation to Venice. (Venice, Los Angeles, that is.)

With floor-to-ceiling windows that drench the space with sun, a menu that includes hearty sourdough toasts piled high with ricotta and drizzled with honey, and a laid-back, friendly vibe, the café comes across as more “beach” than Brooklyn.

But then again, it is located on Vanderbilt Avenue.

According to Peter Schubert, managing director at TerraCRG, rents hover around $100 a foot, but can rise higher closer to Dean Street, where the new condominium complex at 550 Vanderbilt sits. It is home to Ciao, Gloria on the ground floor, as well as locations of popular ice cream shop Van Leeuwen and craft brewery bar Beer Street.

“It’s a more compelling driver for new concepts coming to the Avenue, but the momentum is already there,” Schubert said of the building.

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