Latest news with #GrandBanks
Eater
10-07-2025
- Entertainment
- Eater
The City's Biggest Nautical-Themed Restaurant Will Drop Anchor in Chelsea Next Week
is the lead editor of the Northeast region with more than 20 years of experience as a reporter, critic, editor, and cookbook author. Next week, Grand Banks brothers will open their biggest nautical-themed restaurant yet: This one, The Yacht Club, serving lunch and dinner, debuts on Thursday, July 17, on the rooftop of the Starrett-Lehigh Building in Chelsea (212 12th Avenue, between 26th and 27th streets). The 20,000 square-foot seafood restaurant from Alex and Miles Pincus literally spans the width of a city block, says a spokesperson, with indoor seating for 85 and a sprawling patio. The opening follows their recent rollout of Sailor's Choice in Hudson Yards – the sprawling, 200-seat drinking spot for summer. It is the 11th location around New York from their hospitality group, Crew, with others including Grand Banks, Pilot, Island Oyster, Drift In, High Tide, and Holywater — a mix of places literally on the water or aquatically-themed. The Pincus brothers have hired Andres Grundy (formerly L'Atelier de Joël Robuchon and Raoul's) as chef with starters like homemade oyster crackers, three types of butter with a baguette and radishes, oysters, smoked trout roe on souffled potatoes, shrimp cocktail, caviar, and, naturally, a seafood tower (a whopping $250). The menu is laden with snacks like deviled eggs, sardines, sliders, kebabs, and tartare ($8 to $95 for first courses). There's a trio of salads to choose from, a few ways to order lobster, and main dishes like tilefish, skate wing, and steak Diane ($38 to $48). A separate outdoor menu for the terrace and cabanas focuses on snacks and share plates, from small pizzas to kebabs and sliders. Drinks are wine and bubbles, along with straightforward cocktails like spritzes and palomas. Outside the Yacht Club. The Yacht Club Two unexpected closings Heroes, the splashy debut Soho restaurant from Ariel Arce, is temporarily closed for construction, according to Instagram. And over in Greenpoint, Mariscos El Submarino – one of several locations, following the original in Jackson Heights and the new spot in Jersey City – has a Department of Buildings order to vacate plastered to the door, at 222 Franklin Street, as of yesterday. The restaurant posted on Instagram yesterday stating that a fire in the building has halted operations for now. The shop has two more locations in the works, according to the website: One in Park Slope and another Clinton Hill. Eater has reached out to both locations for more information. A Hamptons pop-up Attaboy is also headed to the Hamptons. From August 11 through 17, the Lower East Side Korean cocktail lounge will take over the Billy Durney's Sag Harbor Tavern at 26 Bay Street. Just like in New York, drinks will be customized for each customer. –Beth Landman Eater NY All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Time Out
08-07-2025
- Entertainment
- Time Out
The Grand Banks crew adds to their fleet of waterfront bars with The Yacht Club
Summer in New York is about to get a lot more exciting, especially along the water: On July 17th, the Grand Banks crew is opening The Yacht Club, a 20,000 square-foot, two-floor seafood and nightlight destination docked right along the Hudson in Chelsea. Where would you rather be on a humid summer day than having raw oysters and refreshing cocktails overlooking Manhattan's westside waters? Founded in 2004, the maritime-themed hospitality group Crew is the brainchild of brothers-slash-sailors Alex and Miles Pincus. The aptly named Yacht Club is far from the duo's first foray into the world of seafood restaurants —they already own and operate nautical numbers including Pilot, Drift In, High Tide, Island Oyster, Holywater and the aforementioned Grand Banks. You don't have to own an over-the-top boat or even enjoy the music of smooth, mellow yacht rock greats like Hall & Oats and Toto to enjoy the seafaring vibes at The Yacht Club. You simply need to have an affinity for fresh, flavorful seafood and a fun drinks list. Chef Andres Grundy (formerly of L'Atelier de Joël Robuchon and Raoul's) curated and created the food menu, which includes maritime snacks like shrimp cocktail, ceviche and both raw and prepared oysters (caviar topped, Creole buttered and so on) as well as more substantial fare including seared Montauk tilefish with summer corn bisque, lumache with littleneck clams and sofrito bianco, and steak Diane, for you non-fish eaters. There is, of course, plenty of lobster, from in the form of a classic roll (with beurre fondu on a golden brioche), a fried option (crisped up with panko and potato shavings) and lobster salad, as well as a whole crustacean. Even if you aren't feeling peckish, the drinks menu is littered with refreshing summery choices, including a variety of martinis, Negronis, Day Chasers, and the proprietary Yacht Club Manhattan at the indoor bar. Outside, the Lido Deck bar pours fruity spritzes, frozen drinks, mint Juleps and more. (The venue also has an extensive wine list and a collection of draft and canned beers.) The Crew's largest venue to date, the 20,000 square-foot, 125-seat restaurant is located on the tenth floor of the Starrett-Lehigh Building in Chelsea (212 Twelfth Avenue). With walnut booths, vintage Art Deco sconces, rope-wrapped columns and rentable cabanas, the new spot is sure to be a new summer go-to with its elegant, vintage feel that'll make guests feel like they stepped into a yacht club a century ago or more.
Time Out
10-06-2025
- Entertainment
- Time Out
A brand-new boat bar from the Grand Banks crew is cruising into Hudson Yards
A fishing boat has docked at Hudson Yards —and this one serves lobster rolls and martinis. Sailor's Choice, a sprawling 200-seat seafood bar from the team behind beloved boat bars like Grand Banks and Pilot, opened yesterday at 350 11th Avenue at 30th Street. It's the latest project from hospitality duo Alex and Miles Pincus, whose Crew group has practically defined the city's waterfront drinking scene. This time, though, they're doing things a little differently: Instead of floating on the Hudson, they've brought the boat to land. At the heart of Sailor's Choice is a vintage Hinckley fishing vessel, transformed into a full-service bar and surrounded by a sunny deck with yellow-and-white striped umbrellas. 'It's a gentleman's yacht that's designed after a classic Maine lobster boat,' Alex Pincus told Time Out. 'It's one of the most desirable boats in the boating world—I've wanted one my whole life. So the idea of setting one in the plaza and building the bar around it just made sense.' A second bar, tucked inside a retrofitted Airstream, pours spritzes and other breezy cocktails, while the main deck channels East Coast summer with none of the ferry schlep. The menu nods to classic New England seaside fare with a polished Manhattan twist: You'll find lobster BLTs, golden-crisp fish and chips and oysters shucked to order—available by the half or full dozen. For those who like their comfort food with a side of indulgence, the caviar-topped tots are a no-brainer. 'The lobster BLT is the standout for me,' says Pincus. 'It's such a good bite of summer; it's exactly what you want to eat when you're by the water.' On the drinks side, expect yacht-club classics and warm-weather crowd-pleasers: gin and tonics, martinis, watermelon-vodka spritzes and a curated wine list. But don't miss the namesake "Sailor's Choice," a frosty beer served over ice with lime for just $7, lifted straight from the brothers' post-sailing ritual. 'It's what we always drink after being out on the water,' says Pincus. 'A lobster BLT and a Sailor's Choice out there in the sun brings me back home.' Though Hudson Yards may have seemed like an unexpected fit, Pincus says the location wasn't so far off from the team's usual approach. 'All the projects we have ever done are really rooted in place,' he says. 'We took a site that didn't really have anything on it... and tried to explore what the potential of that location is and how it engages with us in the way that we think about restaurants and experience.' Once the idea of placing a boat in the plaza surfaced, he says, 'it all sort of suddenly made sense.' Now open seven days a week from 11 a.m. to 11 p.m., Sailor's Choice offers a fresh new reason to eat and drink near the Vessel —and you don't even have to check the ferry schedule.
Business Times
19-05-2025
- Business
- Business Times
Grand Banks Yachts Q3 profit falls 42.4% to S$2.3 million on weaker margins, higher costs
[SINGAPORE] Grand Banks Yachts posted a 42.4 per cent drop in net profit to S$2.3 million for the third quarter ended Mar 31, from about S$4.0 million in the corresponding quarter in the year before. This decline came mainly from its having sold more lower-margin trade-in boats, along with higher costs from product enhancements, the mainboard-listed luxury recreational motor yacht manufacturer said in a regulatory filing on Monday (May 19). The company's net profit for the first nine months of FY2025 dropped 9.7 per cent to $9.9 million, from S$10.9 million in the same period last year. Revenue for the third quarter rose 37.8 per cent to S$40.1 million, from S$29.1 million the year before. For the first nine months of FY2025, revenue grew by 14 per cent to S$107.3 million, up from S$94.1 million recorded in the same period last year. Grand Banks attributed this growth to an increase in boat-building activity. Grand Banks secured 11 new boat orders in the latest quarter, comprising seven build-to-order units, two trade-ins, one pre-owned vessel, and one stock boat. This brings total orders for the first nine months of FY2025 to 26. Its net order book stood at S$119.5 million as at end-March, up 8.8 per cent from S$109.8 million at end-December 2024. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Grand Banks said its balance sheet remains healthy, with cash on hand rising 24.2 per cent to S$51.4 million as at Mar 31, up from S$41.4 million at end-December last year. Looking ahead, Grand Banks said it is monitoring the implications of the reciprocal tariffs from the US, and its potential impact on business. Notwithstanding the current geopolitical and economic challenges, Basil Chan, chairman of Grand Banks, said the company continues to implement growth initiatives and invest for the longer term; he expressed confidence that it can deliver long-term shareholder value. For instance, to capitalise on the growing demand for its boats, Grand Banks unveiled a new composite manufacturing facility in Pasir Gudang in Johor in March to support the construction of larger, sleeker, and more energy-efficient yachts, and to cut waiting time for its customers. Grand Banks has also proposed acquiring two properties in Newport, Rhode Island – a premier US boating destination and its largest market – to enhance customer experience and bolster the company's sales and after-sales capabilities in the US' north-east. An extraordinary general meeting will be held in June to seek shareholders' approval for these acquistions. Grand Bank's chief executive officer Mark Richards added that these investments 'will lay the groundwork to meet future demand'. Shares of Grand Bank Yachts closed 6.5 per cent or S$0.035 lower at S$0.50 on Monday.
