The world-renowned restaurant owned by Robert DeNiro, Meir Teper, Drew Nieporent, and famed Chef Nobu Matsuhisa, is leaving Tribeca after 20 years. Nobu’s new home will be on 195 Broadway. Located in the heart of the Wall Street/World Trade Center, the landmark former AT&T building was the sight of the first ever transatlantic telephone call, made to London, England in 1927. The 14,384 square foot space is shooting for an early 2017 opening and will be designed by David Rockwell, who also spearheaded the look of the original restaurant, and will now have room for lucrative private events which the original Nobu lacked sufficient space for.

The move is likely to be as game changing for the downtown dining scene, as Conde-Nast’s move to 1 World Trade is for the office market.

The future sight of Nobu will be walking distance from the world Trade center, and Brookfield Place shopping center which is undergoing a $250 million renovation. Once opened, Brookfield Place will offer world-class shopping and dining experience with a fashion collection, a European-style marketplace, waterfront dining and exceptional chef-driven restaurants. It will feature over 40 best-in-class local and international retailers such as Hermes, Salvatore Ferragamo, Zegna and more.

The timing could not be any better for the red hot Financial District, which as reported by Daniel Hadaya, President of Platinum Properties in the 2014 FiDi report, for the first time in its history has seen the average price of apartments go for over $1M during 2014. As the neighborhood continues to transition to a more vibrant, 24/7 culture, more people are looking to purchase apartments in the area than ever before.  Additionally, with the continued leasing of One World Trade Center, as well as other buildings in the vicinity, more and more residential apartments will be in demand. The Financial District is certain to be in the spotlight and forefront of Manhattan’s development for 2015.

Michael Fried