VNO Vornado Realty Trust
Price Chart
Executive Summary
Vornado Realty Trust and LeFrak announced a 15-year lease agreement with Le Colonial to open a new 9,600-square-foot restaurant and companion office space at 50 West 57th Street in Manhattan, marking the brand's return to its original neighborhood. The deal reinforces the property's position as a premier Midtown dining destination but represents a routine retail leasing activity with no disclosed financial terms.
Actionable Insight
Monitor for future rent commencement or additional leasing activity at 50 West 57th Street as an indicator of retail recovery in Midtown Manhattan, but no immediate trading implication from this announcement.
Key Facts
- Le Colonial will open a 9,600 sq ft restaurant with 215 seats at 50 West 57th Street, expected in summer 2027.
- The lease term is 15 years; no financial terms (rent, value, or payments) were disclosed.
- Le Colonial also leased the entire seventh floor for office space.
- This marks the brand’s return to Manhattan, where it first opened in 1993.
- Vornado and LeFrak are co-developing the property; Vornado owns a 26 million sq ft NYC-focused portfolio.
Financial Impact
Minimal near-term impact — no financial terms disclosed; likely immaterial to Vornado's $5.1B market cap.
Risk Factors
- Leasing activity does not guarantee rent commencement or long-term tenant success.
- Retail performance in Midtown Manhattan remains sensitive to office occupancy and foot traffic trends.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3253744 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
3d ago
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Press Release
| $38.96 awaiting T+20 | awaiting T+20 | — | $38.27 (−1.77%) |
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May 4, 2026
5w ago
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8-K
| $14.96 $15.10 | ▼ −0.94% | ▲ +4.02% | $38.27 (−155.82%) |
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May 4, 2026
5w ago
|
Press Release
| $30.26 $34.22 | ▲ +13.09% | ▲ +8.13% | $38.27 (+26.47%) |
|
Apr 28, 2026
6w ago
|
Press Release
| $29.35 $33.85 | ▲ +15.33% | ▲ +9.28% | $38.27 (+30.39%) |
|
Apr 21, 2026
7w ago
|
Press Release
| $29.06 $31.65 | ▲ +8.91% | ▲ +4.00% | $38.27 (+31.69%) |
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Apr 7, 2026
9w ago
|
DEFA14A
| $14.74 $14.96 | ▲ +1.49% | ▼ −7.05% | $38.27 (+159.63%) |
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Mar 11, 2026
13w ago
|
Press Release
| $26.37 $26.79 | ▲ +1.59% | ▲ +1.07% | $38.27 (+45.13%) |
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Mar 4, 2026
14w ago
|
Court Ruling
| $28.54 $25.57 | ▼ −10.41% | ▼ −5.99% | $38.27 (+34.09%) |
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Feb 28, 2026
15w ago
|
Institutional Cluster
| $27.38 $25.18 | ▼ −8.04% | ▼ −0.10% | $38.27 (+39.77%) |
US Market Status
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