From the monthly archives: "February 2008"

Beauty chain opens Manhattan spot

Blue Mercury Inc, a privately held national beauty chain, has signed a lease for its first Manhattan location. Formerly 9 West, the 1,700-square-foot store is located at 2305 Broadway between West 83rd and West 84th Streets.

In this transaction Christopher DeCrosta of Madison Retail Group represented Blue Mercury. Benjamin Fox, president, and Joshua Singer of Winick Realty Group represented the landlord, 233 West 83rd St.  Corporation.

The Blue Mercury concept was developed in Washington, D.C. and later rolled out across the country. Today Marla Malcolm Beck’s company operates in Arizona, California, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey, Pennsylvania and New York. 

For more, download the full article in PDF

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Winick Realty Group inks three Manhattan leases totaling 3,850 s/f

MANHATTAN, NY According to Winick Realty Group, the firm has closed three recent leases in the borough totaling 3,850 s/f.

HairParty24hr, the award-winning and innovative beauty salon that has many successful locations in Asia, makes its first North American debut on Madison Avenue. 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 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.  

Tumi, the leading international retailer of luxury travel, business and lifestyle accessories, has signed a 10-year lease for a Downtown location in Manhattan.  The 1,100-square-foot Tumi store will be located at 67 Wall Street, between Pearl and Hanover Sts.

Darrell Rubens and Angellina DeRichie of Winick Realty Group represented the property owner.  The tenant was represented by Beth Rosen of RKF.  The asking rent was $350 per square foot.

The firm also recently signed Crumbs Bake Shop, a prototype of the old-time candy shops specializing in cupcakes, for a 550-square-foot store at 67 Wall Street.

Darrell Rubens and Angellina DeRichie of Winick Realty Group represented the property owner at this long-term lease at an undisclosed rental.  The tenant was represented by Jeff Levy from BCD. 

For more, download the full article in PDF

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Brooklyn Building Awards

If one thing is true about Brooklyn NY real estate, it’s that “Brooklyn is booming with new development, and mainstream retailers are finally realizing the importance of the borough as key to their expansion strategy,” reports Jeff Winick of Winick Realty. Each year the Brooklyn Chamber of Commerce celebrates these new developments with the “Brooklyn Building Awards” that celebrate the 15 best.

“While the sheer number of projects going up in Brooklyn is impressive, we are seeing more thoughtful design with a larger economic impact,” says Brooklyn Chamber president Mark Kessler. “Our judging committee selected 15 outstanding projects that represent good design and a significant economic impact across the borough.”

The 2007 residential Brooklyn NY real estate winners were based on design, affordability and community impact. One award went to the three-story, three-family South Slope Condominiums in Greenwood Heights. Another winner was the residential renovated housing units at 277 Gates Avenue in Bed-Stuy. A third award went to The Imperial, also in Bed-Stuy. The L3 Condominiums in Carroll Gardens only added 12 new units but still increased property value in the area.

The economic impact awards went to the NY Marriott Hotel at Brooklyn Bridge, which created fifty permanent jobs and added first-class retail shops to downtown Brooklyn. Another impact award went to the Twin Marquis food manufacturing facility in Williamsburg.

Design winners included the Red Hook Stores, which includes the Fairway Market, offices and forty-five apartments that serve as live-work artist studios.

Award nominations for 2008 are now being accepted at cgladstone@brooklynchamber.com.

For more, download the full article in PDF

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Drugstore lease

Robert K. Futterman & Associates completed its leasing assignment at 1657 Broadway.

Duane Reade will occupy 17,300 s/f – 3,300 s/f on the ground floor and 14,000 s/f in the basement. Paramount Electronics will occupy 2,100 s/f on the ground floor.

RKF’s Ariel Schuster and Brett Weinblatt represented building ownership, Madison Capital. Jeff Winick, of Winick Realty Group represented Duane Reade. Schuster also represented Paramount Electronics.

For more, download the full article in PDF

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Flatiron building offered for sale or for net lease

Winick Realty Group has been appointed the exclusive sales and leasing agent for a 4-story building at 893 Broadway, between East 19th and East 20th Streets.

Located next to ABC Carpet & Home, Equinox, Paragon, Lowes Theater and other major retailers, the building, currently occupied by Jennifer Leather, will be delivered vacant this April.

Totaling up to 19,800 s/f, the building has 4,200 s/f on each of the four floors and 3,000 on the lower level. With high ceilings throughout, the property has 27 feet of frontage on Broadway and 24 feet on East 19th Street.

“This is a terrific building in a prime location. We are very flexible and will consider either selling or net-leasing the property,” commented Benjamin Fox, president, who is handling this Flatiron assignment along with Amanda Scoblick, director.

For more, download the full article in PDF
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