
Union Square Hospitality Group plans to open its first full-service Brooklyn restaurant inside the historic Hotel Bossert at 98 Montague Street. The restaurant will occupy about 3,200 square feet on the ground floor and is scheduled to open in 2028. The Bossert is being redeveloped after ownership changed: SomeraRoad purchased the property in May 2025 for about $100 million following a foreclosure process. The hotel, built in 1909, had earlier redevelopment plans that stalled after Chetrit Group defaulted on a loan and Wells Fargo initiated foreclosure. The new dining tenant is expected to bring a major Manhattan hospitality operator to Brooklyn Heights, supporting steady neighborhood demand as the building becomes residences with retail at street level.
"Union Square Hospitality Group will take roughly 3,200 square feet on the Bossert's ground floor, with the restaurant slated to open in 2028. The announcement notes that this will be the group's first full-service outpost in Brooklyn."
"SomeraRoad purchased the Bossert in May 2025 for about $100 million after Beach Point Capital acquired control at a foreclosure auction, according to Commercial Observer, which reviewed city records. The hotel at 98 Montague Street, built in 1909, had been the subject of earlier redevelopment plans by the Chetrit Group and then sat largely dormant as proposals stalled."
"Court filings and prior reporting show that the Chetrit Group defaulted on the loan and that Wells Fargo initiated foreclosure proceedings after the debt ballooned, a chain of events the press reported helped push the property into new hands. The Real Deal notes the lender at one point claimed the debt had climbed to more than $126 million."
"For neighborhood diners, a Union Square Hospitality Group address brings in a heavyweight operator with a deep Manhattan track record. Union Square Hospitality Group lists venues such as Union Square Cafe, Gramercy Tavern and The Modern, and the company's scale suggests the Bossert dining room is being designed for steady local business rather than a short-term pop-up."
#brooklyn-heights #hospitality-and-restaurants #real-estate-redevelopment #hotel-bossert #union-square-hospitality-group
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