Cushman & Wakefield today announced the opening of two new restaurants at The Shops at Esplanade, located on the southeast corner of Camelback Road and 24th Street. The new tenants are part of Esplanade owner, MetLife, and Cushman & Wakefield's efforts to revitalize the property's retail presence.
"We have worked diligently with MetLife to attract an exciting and successful blend of restaurants and retailers at the property that will suit this market," said Jon Cowen, Senior Director at Cushman & Wakefield. "The Camelback Corridor provides a fabulous market opportunity for the correct tenants and we're pleased that ownership's plan is coming to fruition."
Pearl Live!, a Scottsdale-based company, will open a sushi restaurant with live entertainment. Pearl Live! at the Esplanade will be the second sushi/entertainment concept for renowned restaurateur, Jimmy Carlin. The Esplanade location will feature a large, outdoor patio, an indoor/outdoor bar, and live music. Situated directly across from the Ritz Carlton, the space was previously occupied by Morton's Steakhouse. Mr. Carlin plans to cater to the business lunch and happy hour crowds, but also provide an upscale venue at night. Bob Tam, former corporate chef for PF Chang's and current Director of Culinary Operations for Maven Hospitality Group (who recently opened The Strand Urban Italian in downtown Phoenix), will be responsible for the creation of Pearl Live!'s menu. The approximate 7,977 square foot sushi restaurant is slated to open in May.
Solo Trattoria, a new concept from Chicago-based Gemstone Café Group, plans to open their doors at the Esplanade in mid February. Brittany Harrison of Catalyst Commercial represented the tenant in this transaction, bringing the company's first location to Arizona. The Modern Italian restaurant leased approximately 2,555 square feet of space which was previously occupied by Picazzo's Pizza. Solo Trattoria, with its cozy and inviting ambiance, will feature fresh tasting Italian food, including Naples style thin crust pizza, authentic pastas, imported cheeses, and wine and beer.
Jon Cowen and Summer Jackson of Cushman & Wakefield serve as exclusive leasing agents for the Shops at Esplanade, while Larry Downey, Jerry Jacobs, and Michael Crystal lease the available office space for property owner MetLife.