Korean BBQ restaurant KBG leases last spot in Newark’s Hahne & Co. building

L+M Development Partners, Prudential Financial and Goldman Sachs Urban Investment Group (UIG) announced Monday that Korean BBQ joint KBG is taking approximately 1,932 square feet of space at Hahne & Co.—meaning the historic building is now 100 percent leased.

The restaurant, located on the ground floor on the corner of Halsey and New Street, is the latest in a string of dining establishments that are set to open along the street.

And while the city remains in partial shutdown amid the COVID-19 crisis, L+M is working with its tenants to follow the approved city and state guidelines around reopening.

KBG Korean BBQ & Grill is a fast-casual restaurant with multiple locations across New Jersey. In addition to classic takes on Korean BBQ, KBG serves vegetarian options with the power to build your own bowls, tacos and more. The Hahne & Co. location will be KBG’s fourth restaurant, with other locations in Princeton, Hillsborough and New Brunswick.

This new location is expected to open in late 2020/early 2021.

“We are excited to welcome KBG as the latest and final addition to Hahne & Co.,” said L+M Development Partners Director Jake Pine. “The new restaurant cements Halsey Street as the ‘Eat Street’ of Downtown Newark, drawing in both the local community, as well as visitors to the neighborhood. We look forward to having people stop in and try KBG’s delicious Korean BBQ for themselves.”

“As New Jersey natives, opening a new location in this historic and iconic building is an incredible opportunity,” said KBG Korean BBQ & Grill Owner Joel Park. “We are thrilled to join the roster of great restaurants along Halsey and bring our authentic and innovative Korean BBQ dishes to the Downtown Newark community.”

The KBG Korean BBQ & Grill is the latest business to move into the Hahne & Co. building, which L+M, Prudential and Goldman Sachs UIG reopened in 2017 after an extensive overhaul. The 21-story former department store, which sat abandoned for nearly 30 years, was transformed into a mixed-use complex featuring residences, an arts and cultural center operated by Rutgers University-Newark, Newark’s first Whole Foods Market, an outpost of New Orleans-based co-working company Launch Pad, and a Marcus Samuelsson restaurant, Marcus B&P.

KBG will join Ani Ramen, an award-winning craft ramen and Japanese Izakaya restaurant group, which is set to open its largest location to date in late 2020/early 2021.