Panera Bread is opening a new restaurant in downtown Brooklyn in the chain’s first foray into that borough.
The bakery and café outfit has signed a 15-year lease for 4,500 square feet at 345 Adams St. The asking rent wasn’t disclosed.
Located a block from Borough Hall and Fulton Street and steps from a big Marriott hotel, Panera will be able to take advantage of the highly trafficked area when it opens in the spring. Panera’s other neighbors will include a Morton’s The Steakhouse next door and a Shake Shack across the street.
“We’re starting construction on the façade soon,” said Jeff Kay, senior vice president at Muss Development, which owns the 40,000 square feet on the first two floors of the 14-story building. Muss purchased the floors as a condo interest two years ago from the city, which still owns the remainder of the office building.
To read the rest of the story, please go to: Crane's New York Business.
