Tuesday, September 9, 2014

Owner of Junior’s Rethinks a Move - NYTimes.com

Owner of Junior’s Rethinks a Move - NYTimes.com

(Excerpt)
It was headed for another distinction this year, when Alan Rosen, who took over the business in 1992 and whose family has owned the restaurant since its first cheesecake, decided to sell the two-story building. In a neighborhood where real estate brokers talk about record-setting prices and rents the way pilots used to talk about breaking the sound barrier, the sale was major news. Offers to buy and build an apartment tower poured in from Brooklyn, Manhattan and abroad. The highest bid: $450 per buildable square foot, well over the previous high for Brooklyn of $350, for a total of $45 million in cash.

“That’s a lot of cheesecake,” said Mr. Rosen — who, nevertheless, and after much agonizing, a visit to his therapist and a series of sleepless nights, turned it down.