Upscale membership-based restaurant and bar M1NT, with China branches in Hong Kong and Shanghai, is slated to open in Beijing on New Year’s Eve* on the third and fourth floors of the Yintai building that houses the Park Hyatt. The place is expected to occupy about 1500 square meters and provide views of the CCTV Tower and, barring demolition, charred remains of the Mandarin Hotel.
According to one member, M1NT Beijing plans to have HK$48 million in equity, with HK$4 million set for pre-opening costs and HK$28 million for refurbishment and development. That sounds like a whole lot of shark tanks (I can hear The Village Grouch grinding, or snapping, his teeth at this very moment).
* Anyone want to start a pool on when the place actually opens?
(Hat tip to the Man of Mystery.)