Lobster Joint Will Permanently Close LES Location November 16 So That Ben Shaoul Can Build a New Development

Posted on: November 5th, 2014 at 12:45 pm by
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Another doomed restaurant at the corner of Orchard and East Houston will soon bite the dust. This is the block that Ben “Sledgehammer” Shaoul is clearing out for a new development.

A mere two weeks after AAA Ichiban closed shop, word just arrived that Lobster Joint at 201 East Houston is next. According to the press release, the two-year-old Lower East Side outpost will permanently end operations on Sunday November 16. They will have a closing party with all day happy hour.

It has been our great pleasure to serve this dynamic neighborhood for the past two years. We would like to thank our loyal patrons, employees, and vendors for embracing Lobster Joint since our opening in 2012.

Unfortunately, due to the continuing growth and development in the neighborhood, we must vacate our current address, despite our great success on Houston Street.

The previous six months haven’t been too kind to Lobster Joint. Recall that the water main breach beneath East Houston completely sidelined the business for weeks. It only just reopened back in June. However, you can still visit the flagshiph restaurant in Greenpoint.

Expect the remaining businesses along the low-rise block to fold imminently – Ray’s Pizza, Empanada Mama, Taqueria (moving to St. Mark’s), 200 Orchard, Karaoke Boho, and Tiehama Grocery.

Shaoul reportedly acquired the parcels from the Magnano family (which owned and operated Ray’s Pizza). The principals of the new owner entity – MB/Reec Houston St LLC – are Marc Ravner and Mark Seigel. Marc and Mark are together a direct, traceable link into Magnum Real Estate Group, Shaoul’s company. In fact, Ravner is partner.

Given current zoning restrictions along this stretch of East Houston, it’s a safe bet that the new development here will rise the twelve-story limit. Katz’s Deli owner Jake Dell had also confirmed that his air rights were sold, but wouldn’t disclose the buyer. While not confirmed, that transaction seems obvious enough.

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Prime meat for developers

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