From the monthly archives: "November 2006"





Chow Heading South

Bringing the best of New York to Miami, Winick Realty Group announced it has secured 9,000 SF for Philippe Restaurant by Philippe Chow to be located outside the posh new Gansevoort South Hotel in Miami.

Philippe Chow and Stratis Morfogen, co-owners of Philippe Restaurant, a contemporary Chinese restaurant located at 33 East 60th Street in New York City, are slated to open their second restaurant on the corner of Collins Avenue and 23rd Street un South Beach, Miami.

Lori Shabtai, director of luxury and brand retail, and Jeff Winick, CEO, of Winick Realty Group represented both the landlord, Sandy Lane Retail and Philippe Restaurant by Philippe Chow.

For more, download the full article in PDF

REW-November 29, 2006-CHOW HEADING SOUTH





Retail following the leaders

As the population if lower Manhattan continues to grow at a feverish pace, the neighborhood is rapidly evolving to accommodate retail and residential needs.

In the newly renovated 2 Gold Street building, Rockrose Development has created 650 new luxury residential units with over 25,000 SF of retail space, the majority of which is slated for high-end retail brands looking to take advantage of the influx of wealthy residents.

Winick Realty Group has secured a lease on behalf of the landlord for approximately 15,000 SF, the last remaining retail space at the base of this 51 story luxury hi-rise. Sovereign Bank will occupy the corner of Gold Street and Maiden Lane, while the corner of Gold and Platt Street will soon be home to a new chic 24 hour restaurant. Also looking to take advantage of the new high wealth residents will be the Montessori Preschool, which will occupy the entire second floor above the restaurant

“Since the first tenants moved into 2 Gold Street in March 2005, the building has seen a vast emergence of young, wealthy business professionals, many of whom are starting families,” said Darrell Rubens, managing director at Winick Realty Group.

In the last year, Winick has been securing exclusive deals at the surrounding buildings; 22,000 SF to Gold’s Gym at 90 John, 6,000 SF to Haru at One Wall Street Court, and three new deals on Maiden Lane to be announced soon.

For more, download the full article in PDF






Rockrose just landed its first retail tenant at East Coast, its new luxury rental apartment project in Long Island City. And guess what – it’s Duane Reade! (You expected Harrods?)

The ever-expanding drug/convenience retailer inked a 15-year lease for 10,000 square feet. Duane Reade was repped by Winick Realty’s Jeff Winick.

Rockrose VP Patricia Dunphy said 20,000 more square feet next door are being targeted for a food market.

East Coast consists of two towers – the first is already 80 percent occupied. The Duane Reade will open in 2008 when the second tower is finished.

For more, download the full article in PDF

NY Post-November 28, 2006 – Space Race





NEW YORK CITY — Roxanne Betesh of Sivin Realty has represented 36 Hudson Associates, led by architect Joseph Pell Lombardi, in the sale of two commercial retail condominium units at the Mohawk Atelier in Manhattan, New York City. L2 Tribeca, LLC, led by restaurateur Louis Lanza, purchased the units for $3.95 million. The units, totaling 4,178 square feet on the ground floor and 2,420 square feet on the selling lower level, are located at 36-38 Hudson St. in Tribeca. Steven Baker of Winick Realty Group represented the buyer.

For more, download the full article in PDF





Eighth Avenue retail: More than porn meets the eye

Spurred by development, Eighth Avenue drawing better grade of retailers

At first glance, it doesn’t look like much has changed on the west side of Eighth Avenue near 44th Street. The stores there could be straight out of the gritty, crime-ridden 1970s Times Square: Stilettos, Peepworld and Play Pen. But this is only a temporary reality. A 256-unit, higher-end apartment building by developer Steve Witkoff is proposed for the site, and those retailers are more likely to be banks and drug stores in the future than porn shops.

In an ironic twist, porn shops on Eighth Avenue near Times Square may be a sign that the retail strip is actually getting better. At one time, porn shops moved to Times Square because it made business sense. Now, brokers say triple-X DVD stores are among the only operators taking spaces that may be demolished or gutted in a few years for luxury development.

For more, download the full article in PDF

THE REAL DEAL-November 2006 – Eighth Avenue retail More than porn meets the eye