Latest / The Mark Simone Show / Mark interviews NY Post Columnist Steve Cuozzo.
Transcript
- 0:00Speaker 1: Well, Steve Cuzell, the great New York Post column there's
- 0:03Speaker 1: nobody better on restaurants, the real estate. Now New York
- 0:06Speaker 1: stuff is columns. You can read them all. They're in
- 0:08Speaker 1: the New York Post website. Steve Cuzoh, how you doing.
- 0:12Speaker 2: I'm great, Mark. Thanks. It's hard to live up to
- 0:14Speaker 2: that doing. I'll try those.
- 0:17Speaker 1: You'll do it, you'll do Hey. Yeah, you're just back
- 0:20Speaker 1: from London.
- 0:20Speaker 2: Uh yeah?
- 0:22Speaker 1: All them on Instagram? Great pictures. But were there any
- 0:24Speaker 1: English speaking people left in London?
- 0:27Speaker 2: Well that's the thing I tell friends who haven't been
- 0:29Speaker 2: to London a long time. I say, I tell them
- 0:31Speaker 2: English is widely spoken. Now that's supposed to be a joke,
- 0:35Speaker 2: because it is, after all, wonder it's England, you know.
- 0:38Speaker 2: So yes, English is still widely spoken, but not universally.
- 0:43Speaker 2: No like New York. What was it?
- 0:46Speaker 1: But all the great old London places they're not. They've
- 0:50Speaker 1: been overtaken by all kinds of new places. What's what's
- 0:52Speaker 1: good over there?
- 0:54Speaker 2: Well? So what to do? Oh? So many great restaurants.
- 0:56Speaker 2: But the most interesting single thing, in my view is
- 0:59Speaker 2: the American Embassy in Grove Most Square, which had been
- 1:03Speaker 2: there for I don't know, that was our embassy there
- 1:05Speaker 2: for a million years. The embassy moved away about ten
- 1:08Speaker 2: years ago to a new location. The building was a
- 1:13Speaker 2: giant brutalist style kind of a hulking building. It was
- 1:18Speaker 2: never well loved, but then Katari Fund bought it and
- 1:27Speaker 2: converted the whole property. God knows how much it might
- 1:30Speaker 2: must have cost into a spectacular new Rosewood managed hotel.
- 1:37Speaker 2: Uh you know, Rosewood was one of the premier hotel
- 1:40Speaker 2: companies in the world, the Carlisle, New York, and I
- 1:44Speaker 2: mean they uperate the Carlisle and it's called the Chancery.
- 1:49Speaker 2: That's the end of the new hotel. And when you
- 1:52Speaker 2: go into the building, you can't believe that this was
- 1:54Speaker 2: once this miserable, you know interior where people would line
- 1:58Speaker 2: up for, you know, to get their passports nude. They
- 2:01Speaker 2: created a they carved out an atrium. It's it's all
- 2:04Speaker 2: soft and warm, unlike the you know, the kind of
- 2:07Speaker 2: still brooding exterior. The interior is all warmth and light
- 2:12Speaker 2: and they have five restaurants, including a carbone from New York.
- 2:17Speaker 2: I didn't eat there, but we did eat at a
- 2:20Speaker 2: wonderful Mediterranean restaurant in the hotel called Sarah, And they
- 2:25Speaker 2: have a rooftop lounge called the Eagle or the Eagle
- 2:29Speaker 2: because it's got the giant gold eagle that was there
- 2:34Speaker 2: during the years that the building was the Embassy. And
- 2:37Speaker 2: apparently this giant eagle is made out of the fifty
- 2:41Speaker 2: two parts and it's a lounge and it's like it's
- 2:45Speaker 2: a rooftop lounge like the ones that we have that
- 2:47Speaker 2: so many of in New York and all together it's
- 2:51Speaker 2: a must see for people in visiting London who haven't
- 2:55Speaker 2: been there for a couple of years. The hotel opened
- 2:58Speaker 2: only a few months ago.
- 2:59Speaker 1: Yeah, the chance. Hey, you know, it's fascinating. The rooftop
- 3:04Speaker 1: of every office building was the water tower, the AC system,
- 3:07Speaker 1: what they call the mechanicals. It wasn't untill like two
- 3:10Speaker 1: thousand and two that anybody figured out put the restaurant
- 3:13Speaker 1: on the rooftop, put the bar on the rooftop, and.
- 3:16Speaker 2: Put the bars up there. It's incredible. New York City
- 3:19Speaker 2: and Manhattan and parts of Brooklyn and even a few
- 3:21Speaker 2: parts of Queens in Flushing have rooftop this in that
- 3:27Speaker 2: just a space that previously was used for nothing mechanical
- 3:31Speaker 2: uses or whatever. And one of the first transformations my
- 3:37Speaker 2: late friend Steve Greenberg created I think it's two thirty
- 3:42Speaker 2: fifth Avenue and I think it was called two thirty
- 3:44Speaker 2: fifth Rooftop and since then there are a gazillion of them.
- 3:49Speaker 2: And I was amused in London because our British friends
- 3:52Speaker 2: there were absolutely flabbergasted at the views from the roof
- 3:56Speaker 2: of the you know, the eagle on top of the
- 3:59Speaker 2: Chance Hotel. And it's a nice view, but nothing compared
- 4:03Speaker 2: to the ones we have in New York. There's one
- 4:06Speaker 2: hotel I don't remember the name of it. It's the
- 4:09Speaker 2: Canal Street and the Bowery that has a rooftop lounge
- 4:13Speaker 2: that is simply not to be believed, that facing both
- 4:16Speaker 2: Brooklyn and Manhattan. Nothing like it in the world. So
- 4:20Speaker 2: it's all good time stuff.
- 4:21Speaker 1: Yeah, Hey, Steve, Keys were talking about this yesterday. Masa
- 4:24Speaker 1: the Japanese restaurant Time Warner Center, nine hundred dollars a
- 4:28Speaker 1: person got wiped out more than that, more than that
- 4:33Speaker 1: twelve hundred with tax and tips and all of that.
- 4:36Speaker 2: Usually perhead, yeah, not per couple, but perhead.
- 4:39Speaker 1: So there's another one now, like seven point fifty ahead.
- 4:45Speaker 3: Micheline Story, Sushiz or something, So what's happened is that
- 4:49Speaker 3: Masa had three Micheline stars since it opened in two
- 4:54Speaker 3: thousand and nine, when the building was known as Time
- 4:56Speaker 3: Warner Center.
- 4:57Speaker 2: Now it's Delutsche Bank Center Masa, which is a very
- 5:02Speaker 2: small restaurant only twenty six seats are the best seats
- 5:05Speaker 2: of which are at the chef's counter. Carried It's three
- 5:09Speaker 2: Micheline stars all that time. And a couple of things
- 5:13Speaker 2: happened during that time. The competition grew enormously for omakassi
- 5:20Speaker 2: style Japanese dining, where the chef sets the menu from
- 5:24Speaker 2: it changes nightly. Many many courses usually built around sushi,
- 5:31Speaker 2: but not always. I was at Masulunton I had Kobe
- 5:34Speaker 2: beef which was extraordinary, or rogu beef from Japan. But
- 5:39Speaker 2: there's much more competition now and however, and so they
- 5:44Speaker 2: know they lost the star. I don't believe a word
- 5:47Speaker 2: Micheline says about anything, but if you're in business, in
- 5:50Speaker 2: the restaurant business, it matters enormously to you. Because many
- 5:55Speaker 2: many New Yorkers don't care that much about micheline stars.
- 5:59Speaker 2: But it's a different story in Europe and Asia. There
- 6:02Speaker 2: are people with a lot of money from Europe and
- 6:04Speaker 2: Asia who come to New York and when they decide
- 6:07Speaker 2: where they're going to eat, before they even come, they
- 6:09Speaker 2: just look at what's got three stars and they make
- 6:12Speaker 2: their selections on that basis. And so friends in the
- 6:16Speaker 2: industry told me that a restaurant, high end restaurant that
- 6:19Speaker 2: lose that's cut from three stars to two, as Masa
- 6:23Speaker 2: happened to Masa, it can cost them a twenty five
- 6:27Speaker 2: percent of their revenue, not immediately, not overnight, because you
- 6:31Speaker 2: know they're booked far in advance, but over time, and
- 6:36Speaker 2: you know when the current reservations run out, it's going
- 6:39Speaker 2: to hurt them. And it's a small restaurant. Masa unlike
- 6:42Speaker 2: some other restaurants that lost the star and they could
- 6:45Speaker 2: they could weather it because there were large restaurants and
- 6:48Speaker 2: they were part of big companies. Masa is not. So
- 6:53Speaker 2: you know, they've got a tough time to hand them.
- 6:55Speaker 1: Why do you have your doubts about these Michelin reviewers?
- 6:59Speaker 2: I have my I never believed the only reviews of
- 7:02Speaker 2: or ratings and restaurants I ever believed Mark or my own,
- 7:06Speaker 2: the ones that I've written for The New York Post.
- 7:09Speaker 2: I never believed Zagat ratings. I never believed Micheline ratings.
- 7:13Speaker 2: I never believed in New York Times ratings and U
- 7:18Speaker 2: so I'm a skeptic. The only one I do believe
- 7:20Speaker 2: is the three stars for Laberna Dam, which in my
- 7:23Speaker 2: view is you know, the greatest restaurants in the world,
- 7:27Speaker 2: and retained its three stars. But even they cannot afford
- 7:34Speaker 2: to let their guard down because all it takes, you know,
- 7:37Speaker 2: Michelin likes to upset the Every year. Micheline likes to
- 7:40Speaker 2: come up with one, you know, reduction in the star
- 7:44Speaker 2: because otherwise nobody would pay attention. So they've got to
- 7:48Speaker 2: knock somebody down every year. So this year it was
- 7:50Speaker 2: poor Masa. But in terms of in terms of quality,
- 7:56Speaker 2: I don't believe the word of it. I've been to
- 7:58Speaker 2: plenty of Micheline star, one star, two star restaurants that
- 8:01Speaker 2: I thought absolutely stinky.
- 8:03Speaker 1: Good point, now, before we run out of time, Uh,
- 8:07Speaker 1: what are all the real estate guys, all the restaurant guys,
- 8:09Speaker 1: what are they saying to you about the coming Mondanni era?
- 8:14Speaker 2: Well, I do the commercial side, as you know, not residential,
- 8:18Speaker 2: but for the most part, but all the commercial people say,
- 8:23Speaker 2: don't worry, you know, We're bigger than any you know,
- 8:26Speaker 2: our industry is bigger than any political change. And they're
- 8:29Speaker 2: probably right. That doesn't mean that there isn't going to
- 8:33Speaker 2: be an effect on something in New York City. You know,
- 8:37Speaker 2: Mamdanie talks about uh, you know, residential rent control wants
- 8:44Speaker 2: to freeze rents and stabilize the ponds, but he doesn't
- 8:47Speaker 2: say anything like that about commercial. Commercial real estate pays
- 8:53Speaker 2: provides generates more tax revenue for the City of New
- 8:57Speaker 2: York and the state than any other industry, more than
- 9:02Speaker 2: Wall Street. I don't remember the exact numbers, it doesn't matter.
- 9:06Speaker 2: Anyone can look them up. And so, you know, commercial
- 9:09Speaker 2: real estate industry, which has been fortunately dramatically revived over
- 9:14Speaker 2: the last two years. It's extraordinary. What's happened is really
- 9:18Speaker 2: the driver of the New York City economy. And even
- 9:22Speaker 2: a you know, a communistic guy like Mamdani would be
- 9:27Speaker 2: a fool to tamper with that.
- 9:30Speaker 1: Well, we got through Deblasio for eight years, We'll get
- 9:32Speaker 1: through this for four exactly. Yeah, all right, Well, everybody
- 9:36Speaker 1: reads Steve Cuzo's excellent columns in the New York Post.
- 9:40Speaker 1: If you go to The New York Post, website. All
- 9:41Speaker 1: of his columns are up there. You can read them all.
- 9:43Speaker 1: Just go to the New York Post website and just
- 9:46Speaker 1: type in Steve Cuzo. Steve Cuzo, thanks for being with us.
- 9:50Speaker 2: Thank you, Mark always fun.
- 9:51Speaker 1: All right, take care, they don't forget coming up at noon,
- 9:54Speaker 1: Buck and Clay, we will be here at noon today. Now,
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