Back before there was a One Madison Park glass condo tower, there was a McDonald’s in its space. They left in 2005 to make way for the new development, but there was reportedly a clause somewhere in the transaction that ensured McDonalds would have a space in One Madison Park states the Real Deal (seems very odd they would agree to this, but ok). Well through the market crash, bankruptcy, and ownership changes, McDonalds got edged out of the location but ultimately got a cash settlement. And now they are back. The Real Deal reports that McDonald’s signed a 99 year lease at 26 East 23rd Street right next door to One Madison Park. It’s the space that recently housed a Wendy’s.
I think it probably goes without saying that tenants of the high-end One Madison Park would have probably preferred a different neighbor…but it had people there on day one so clearly there is some demand for McDonalds in the location.
McDonald’s opens next to One Madison Park condo building,