SL Green Buys Daniel Boulud's Flagship NYC Restaurant Property

The $18.5 million deal allows the Michelin-starred chef to expand his international footprint.

Published on Mar. 10, 2026

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SL Green, New York City's largest commercial landlord, has purchased the nearly 16,000-square-foot condo space of Daniel Boulud's flagship Restaurant Daniel in Manhattan for $18.5 million. Despite the sale, Boulud's Dinex Group immediately signed a 20-year lease with SL Green, allowing the Michelin-starred chef to focus on his ongoing international expansion, including new locations in Hong Kong and London.

Why it matters

The deal highlights the close relationship between SL Green and Daniel Boulud, who have collaborated on several other restaurant ventures in New York City. It also demonstrates how major landlords are increasingly partnering with renowned chefs to provide stability and resources for their expansion plans, especially as the restaurant industry continues to evolve.

The details

Under the terms of the deal, SL Green acquired the condo space of Restaurant Daniel, Boulud's flagship eatery in Manhattan, for $18.5 million. However, Boulud's Dinex Group immediately signed a new 20-year lease with SL Green, ensuring the Michelin-starred restaurant will remain at its longtime location. The transaction provides Dinex with additional capital to fund Boulud's ongoing international expansion, including new outposts in Hong Kong and London.

  • SL Green acquired the Restaurant Daniel property on March 10, 2026.
  • Dinex Group signed a new 20-year lease with SL Green on the same day as the property sale.

The players

SL Green

New York City's largest commercial landlord, which has a long-standing relationship with Daniel Boulud and his restaurant group.

Daniel Boulud

A renowned Michelin-starred chef who owns the flagship Restaurant Daniel in New York City, as well as several other restaurants in the U.S. and internationally.

Dinex Group

The restaurant group owned by Daniel Boulud that operates Restaurant Daniel and his other culinary ventures.

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What they’re saying

“As Restaurant Daniel enters its fourth decade, the most important thing for me is that it stays strong, relevant and continues to reinvest in its future. This is a positive transaction that allows us to do exactly that with our trusted partner SL Green.”

— Daniel Boulud, Chef and Owner, Dinex Group (The Post)

“The acquisition deepens the company's investment in the Upper East Side community and builds upon its already successful ventures with Boulud.”

— Brett Herschenfeld, Executive Vice President, SL Green (The Post)

What’s next

Dinex Group plans to use the capital from the sale to help fund the openings of new Boulud restaurants in Hong Kong and London later this year.

The takeaway

This deal demonstrates the growing trend of major real estate companies partnering with renowned chefs to provide stability and resources for restaurant expansion, especially as the industry navigates changing consumer preferences and economic conditions.