From the monthly archives: "September 2008"

The Empire State Building, undergoing a half-billion dollar capital improvements program, signed a new retail tenant: An AT&T Mobility store that will occupy 2,733 square feet.

CB Richard Ellis’ Andrew Goldberg, Matthew Chmielecki and Eric Gelber repped the landlord, W&H Properties.

Winick Realty’s Steven Baker repped the tenant.

For more, download the full article in PDF

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Russians take aim at TriBeCa

International Art Center, a Russian gallery that features contemporary works, recently signed a five-year lease for 2,300 square feet on the ground floor of 49 Walker St., between Broadway and Church Street.

The asking rent was $78 a square foot. The lease includes the basement, to be used for video screenings, and a five-year option to renew.

This will be the company’s first U.S. exhibition space. The tenant also plans to stage performance events there. The aesthetics of the new location—a former garment shop with high ceilings—is perfect, said Steve Rappaport, the Sinvin Realty senior director who represented landlord Mordechai Lipkis.

“It’s an opportunity to be on an emerging TriBeCa block,” said Mr. Rappaport, noting that the location is near the gallery’s customer base of affluent downtowners.

International Art Center plans to open in early 2009 after extensive construction.

Winick Realty Group broker Annie Shinn negotiated on behalf of the center’s owners, Nina Zaretskaya and Madino Stepanchenko.

For more, download the full article in PDF

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Winick Realty Leases Retail Spaces at 502 Metropolitan

While compiling the information on all the Union Avenue developments in Williamsburg (see article above), the Eagle learned that Winick Realty Group has negotiated a lease on behalf of Duane Reade for a prime retail space at 502 Metropolitan Ave., a new mixed-use residential building yet to be constructed.

Duane Reade is taking a 1,290-square-foot ground floor space fronting on Keap Street plus 10,600 square feet on the lower level.

“We are still marketing the other space — 1,300 square feet on the ground floor facing Metropolitan Avenue, which includes 14,000 square feet on the lower level,” said Amanda Scoblick, director of retail services for Winick, who said the Winick team has been speaking with grocery stores, health clubs and electronics retailers, among others.

“The neighborhood needs a supermarket. It’s definitely under-retailed with regard to a large-scale market,” she said.

There is a Sunac Natural Market nearby, but that is smaller and considered more of a gourmet market, she explained.

For more, download the full article in PDF

Brooklyn Daily Eagle_092208_Winick Realty Leases Retail Spaces at 502 Metropolitan

 

Brooklyn’s Second Ricky’s Opens in Williamsburg 

Winick Realty Group reports that Ricky’s, the “beauty shop specializing in fashion accessories, beauty supplies and cosmetics,” has signed a lease for a store in Williamsburg. 

The 2,000-square-foot store, Brooklyn’s second Ricky’s, will be on Williamsburg’s main shopping corridor at 191-193 Bedford Ave., between North Sixth and North Seventh streets. Ricky’s was represented by Adam Stupak of Winick, who acted as the exclusive leasing agent of the trendy retailer. The property owner was represented by Steven Rock of the Carlton Group and David Rosenberg of RKF. 

“Ricky’s name is synonymous with style and funky sophistication,” said Stupak. “Trendy Williamsburg is a perfect neighborhood for them. Ricky’s is already in Downtown Brooklyn [on Montague Street in Brooklyn Heights] and we are looking in Park Slope.” 

Stupak said the retailer was also planning to roll-out 16 temporary Halloween stores throughout the tri-state area in the next few weeks. 

Ricky’s products range from accessories to Halloween costumes, from professional hair care to temporary tattoos. Currently the company has 17 locations in Manhattan, one in Brooklyn, two on Long Island and one in Florida. 

The new Ricky’s locations are part of a nationwide expansion plan with an expected launch schedule of 10 new locations annually. 

For more, download the full article in PDF 

Brooklyn Daily Eagle_091908_Brooklyns Second Rickys Opens in Williamsburg 

Ricky’s beauty shop adds to funky Williamsburg look

Winick Realty Group announced that Ricky’s, the ‘beauty shop’ specializing in fashion accessories, beauty supplies and cosmetics, has signed a lease for a store in Williamsburg.

The 2,000 s/f store will be located on Williamsburg’s main shopping corridor at 191-193 Bedford Avenue, between North Sixth and North Seventh streets.

Ricky’s was represented by Adam Stupak of Winick Realty, who acts as the exclusive leasing agent of the trendy retailer.  The property owner, RedSky Capital was represented by Steven Rock of the Carlton Group and David Rosenberg of RKF.

“Ricky’s name is synonymous with style and funky sophistication. Trendy Williamsburg is a perfect neighborhood for them. Ricky’s is already in Downtown Brooklyn and we are looking in Park Slope. We are also rolling-out 16 temporarily Halloween stores throughout the tri-state area,” commented Adam Stupak.

Ricky’s has been ‘a part of New York’s urban chic culture for nearly two decades’. Their products range from accessories to Halloween costumes, from professional hair care to temporary tattoos. Currently the company has 17 locations in Manhattan, 1 in Brooklyn, 2 in Long Island, and 1 in Florida.

In addition to Ricky’s locations throughout NYC, the retailer has initiated a nation-wide expansion plan.

For more, download the full article in PDF

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Faded strip plots comeback; Steinway St. stymied by empty storefronts

On one side of Victoria’s Secret, there’s an empty storefront where a men’s clothing shop used to be. A Japanese restaurant, now shuttered, is on the other side. For Rent signs are more common than street lights.

Despite a building boom across much of the city, Steinway St. – the normally bustling retail corridor in the heart of Astoria, Queens – has fallen on tough times.

Despite a long tradition as a powerhouse shopping district, Steinway St. is suffering a significant slowdown in retail leasing activity. Landlords, brokers and merchants blame the weak economy for store closings and curtailed expansion plans.

“There’s more space than there is demand,” said broker Barry Fishbach of Robert K. Futterman & Associates.

For more, download the full article in PDF

Daily News_091408_Faded strip plots comeback Steinway St stymied by empty storefronts

On the block retail experts consider the most desirable, between 31st Ave. and Broadway, eight storefronts are vacant or have For Rent signs. There are 13 between 30th and 31st Aves.