From the monthly archives: "November 2007"

Winick to rep Sixth Ave. retail

Winick Realty Group, the Manhattan-based retail store leasing firm, has been appointed the exclusive leasing agent for the retail space at a soon-to-be-developed mixed-use project at 885 Sixth Avenue at the southwest corner of West 32nd Street.  The new 47-story luxury residential building is situated in the heart of Herald Square – with its core hotels, office/residential buildings, mass market retailers along with its extraordinary mass transit and pedestrian traffic. 

The retail space is comprised of approximately 47,600 square feet on up to 3 levels – 9,800 s/f on the ground floor, 16,300 s/f on the second floor, 16,500 on the third and a 5,000 s/f mezzanine.   Each floor will feature ceiling heights of 20 to 25 feet. The third floor, which will have a private street-level lobby entrance and elevator, can be leased separately.

“With all the new development going on in the neighborhood, the Herald Square area will be unrecognizable just in a few years,” commented Benjamin Fox, president, who is heading up the project along with Amanda Scoblick, director – both of Winick Realty Group.

The site is directly across the street from Manhattan Mall, where a 150,000 s/t J.C. Penny will open next year. With 100 feet of frontage on Sixth Avenue, 150 feet on West 32nd Street, the retail space has extraordinary exposure and is visible three blocks away.

The building is being developed by Atlantic Realty Development Corporation and is scheduled for occupancy in the second quarter of 2009.  Designed by Costas Kondylis and Partners, this building is a part of the new look of the shopping district. 

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The International Council of Shopping Centers hosted 2007 New York City Alliance Program on Thursday, November 8 at NYU Wagner. The panel ‘Great Locations, Challenging Spaces: Adapting Modern Retailing to NYC’ discussed adaptive reuse, retail in nontraditional spaces and meeting the needs of modern retailing using NYC’s existing commercial stock.

Pictured (I-r) are panelists Louise Ehrmann, director of leasing, Two Trees Management Co.; Barry Fishbach, executive VP, RKF; Alan Harding, Brooklyn restaurateur, chef and star of the Discovery Home Channel ‘Cookin’ in Brooklyn; Ron Pompei, principal and creative director, Pompei A.D. LLC.; and moderator Benjamin Fox, president of Winick Realty Group.

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Asian beauty salon opens its first North American location

Pictured above is 76 Madison Avenue, where Winick Realty helped an award-winning Asia-based beauty salon open its first shop in North America.  With a 2,200 s/f lease in the vicinity of Madison Square Park, the shop is slated to open in January 2008.

HairParty24hr, the award-winning and innovative beauty salon that has many successful locations in Asia, makes its first North American debut on Madison Avenue in Manhattan. The company has signed a long-term lease for a 2,200-square-foot space at 76 Madison Avenue (at the intersection of 28th Street), near Madison Square Park.  The opening is scheduled for January 2008.

The space is located at the base of a former commercial building that was converted into a luxury condominium complex by Centaur Properties a few years ago. The asking rent was $160 per square foot.

Lori Shabtai, Director of Luxury and Brand Retail, and Monica Kass of Winick Realty Group represented the property owner.  The tenant was represented by Young Byunn of Winick Realty, who has just been appointed the exclusive leasing agent of the tenant. 

“Opened 24 hours, this salon is perfect for the busy New-Yorker,” commented Lori Shabtai. 

“At Hairparty24hr they understand that people today are very busy and cannot find the time to get their beauty needs for clubs, parties, and dates during their working hours. So their professional hair stylists are available 24 hours a day 365 days a year for the customer’s convenience,” added Young Byunn.

Founded by Kim Jihee in 1990, the Hair Party 24hr has won several awards such as the Colour Trophy L’Oreal 2004. 

Established in 1982, Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services.  Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation, expansion and growth strategies.

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The Brooklyn Historic Society hosted the 2007 Brooklyn Real Estate Roundtable recently.  Speakers discussed how the borough is changing due to the new development and retail. Pictured I-r, top row: Timothy King, Massey Knakal Realty Services; Albert Laboz, Fulton Street Mall; Jason Muss, Muss Development; Jeff Winick, Winick Realty Group; Lon Rubackin, Forest City Companies; Lester Petracca, Triangle Equities; David Kramer, The Hudson Companies Inc. Bottom row:  Deborah Schwartz, Brooklyn Historical Society; Eric Brody, The Brody Group; Chris Havens, Corporate Real Estate Services LLC; Michelle Bergman, Duane Reade; John Guido, JP Morgan Chase Bank.

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Children’s emporium taps Winick as leasing agent

According to Zagat’s, midtown moms are astir over MoonSoup, a “cute, little” children’s emporium at 1059 Second Avenue, between 55th & 56th Streets in Manhattan, which combines play and learning classes, a party center and a toy-store with “great shopping for all things kid” under one roof.

This whimsical neighborhood children’s play place will soon open up its doors in other locations as well. The company has appointed Winick Realty Group to be its exclusive leasing agent. 

“MoonSoup is one of New York’s leading early childhood education centers. It has a great concept that, I am sure, will be appreciated in every neighborhood. For now we are looking for 1,800-2,200-square-foot spaces to expand in East Midtown, Kips

Bay, and the Upper West Side,” commented Janine Forte of Winick Realty who is handling the account.

Ashish Rajadhyaksha and Susan Izatt founded MoonSoup a few years ago, and now are planning to open 5-10 new locations.

Susan Izatt has been working with babies and toddlers, teaching kids, training teachers and developing early childhood programs for over 15 years. Ashish Rajadhyaksha came to the world of babies from investment banking.

“We have been able to create a truly “up-market yet neighborhood” home away from home for the entire MoonSoup Family.  We succeeded with the concept, so now it is time to bring it to other neighborhoods as well,” said Ashish Rajadhyaksha. 

For more, download the full article in PDF

REW-November 21, 2007_MoonSoup