Kushner Companies’ High Rent Helped Shutter Guy Fieri’s Times Square Restaurant
Jared Kushner Image by Getty Images
Guy Fieri’s Times Square restaurant struggled with the $1.8 million annual rent charged by Kushner companies, according to the Washington Post.The restaurant closed December 31 and the space remains vacant.
Kushner companies was formerly headed by Jared Kushner, before he resigned to join the Trump administration a year ago.
The Post reports that Fieri’s restaurant, Guy’s American Kitchen, brought in $17 million last year. But restaurant industry experts say that Guy’s American would need $30 million in annual revenue to afford the rent Kushner Companies charged.
Guy’s American is infamous for perhaps the most scathing New York Times restaurant review in recent memory, which asked if the entire restaurant is “a very expensive piece of conceptual art,” and if the baked alasaka is, “supposed to be a representation in sugar and eggs of the experience of going insane.”
Contact Avichai Scher at [email protected] or on Twitter, @avi_scher
A message from our Publisher & CEO Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.
Readers like you make it all possible. We’ve started our Passover Fundraising Drive, and we need 1,800 readers like you to step up to support the Forward by April 21. Members of the Forward board are even matching the first 1,000 gifts, up to $70,000.
This is a great time to support independent Jewish journalism, because every dollar goes twice as far.
— Rachel Fishman Feddersen, Publisher and CEO
