New York legend Sparks Steak House is no longer in danger of closing.
The Post reports that the historic steakhouse renewed its lease at 210 East 46 Street, a change from when the restaurant said earlier this year that it may need to seek a new, cheaper location due to a rent hike.
Sparks owner Michael Cetta has signed a 15-year deal with its landlord, Durst Organization, the company that also owns 1 Bryant Park and One World Trade. In June, Cetta claimed that Durst was asking for a 100 percent increase in rent. The Post notes that while the exact terms of the new agreement are not available, the final rent hike was upwards of 40 percent.
Sparks first opened at a different location in 1966 before moving to 46 Street nearly 40 years ago. In 2016, it was one of New York City’s highest-grossing restaurants, bringing in more than $18 million in sales that year. It’s best known as being the site where mobster Paul “Big Paul” Castellano was killed in 1985.
Eater has reached out to Durst and will update this post with more information.