Friday, August 29, 2014
Inquirer Daily News

Stephen Starr eyes DC for new spot, reveals real estate mogul Allan Domb has "minority interest"in his restaurants

Why were real estate mogul Allan Domb and restaurateur Stephen Starr recently spotted together on a train to Washington, DC? Starr this afternoon told us he was looking at a potential restaurant space there and Domb, who "has a minority interest in Starr Restaurants," accompanied him as he may want to invest in the DC location as well.

Stephen Starr eyes DC for new spot, reveals real estate mogul Allan Domb has "minority interest"in his restaurants

Why were real estate mogul Allan Domb and restaurateur Stephen Starr recently spotted together on a train to Washington, DC? Starr this afternoon told us he was looking at a potential restaurant space there and Domb, who "has a minority interest in Starr Restaurants," accompanied him as he may want to invest in the DC location as well.

The pair have been working together for a few years as Domb's real estate company owns the Barclay, which houses Starr’s Barclay Prime and the Parc Rittenhouse which contains Starr’s French bistro Parc. Starr says Domb owns a bigger piece of Barclay Prime than he does in Starr's other restaurants in Philadelphia, New York and Atlantic City. He declined to discuss specific ownership percentages.

Domb said he invested with Starr because of "a synergy between real estate and restaurants...Plus, I like to eat. You have to have fun in life," he said. Domb is also a co-owner in the recently-opened Kibitz Room (1521 Locust), a deli.

As for the concept for the possible DC location, Starr says it "could be a version of Parc."

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Molly Eichel
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