New York, NY – GDS Development Management (GDSNY) and Corem announced today that they have signed a 15-year lease at 28&7 with AC Hospitality (ACH) for a new restaurant & cocktail / sports bar. ACH will take 1,498-square-feet of the ground floor as well as 2,300 square feet of basement space.

28&7 is a new Class-A boutique office building in the Chelsea neighborhood of Manhattan. Located at the corner of 28th Street and Seventh Avenue, directly adjacent to the Fashion Institute of Technology, the building stands at a dynamic crossroads—with the NoMad district to the east and Penn Station and Hudson Yards just minutes to the west.

“We are very pleased to announce another lease at 28&7. It is particularly pleasing that this lease means that the entire retail space on the ground floor of the property is now leased. AC Hospitality will make an excellent contribution to the high level of service we want to offer our tenants in 28&7”, said Rutger Arnhult, Corem’s CEO.

Designed by world renown architects Skidmore Ownings & Merrill (SOM), the twelve-story building features a bold yet timelessly elegant facade, expressed as a structural grid of black glazed terracotta. The reflective black glaze distinguishes the building from its masonry neighbors and creates an elegant silhouette along Seventh Avenue. The building is LEED® Gold certified.

GDSNY and Corem were represented by Mike Paster and Ariel Schuster of Newmark.