Seven Leases Signed For The Retail Concourse At One New York Plaza
Brookfield Property Partners (NYSE: BPY; TSX: BPY.UN) today announced that it has executed seven leases for its 40,000-square foot retail area at One New York Plaza, a 2.6-million-square-foot office building located on the southeastern tip of Manhattan. The property is undergoing a $14-million redevelopment to its retail concourse, located in the two lower levels of One New York Plaza, which will include five quick-casual eateries, a health club and service retail. The project is scheduled for completion by the beginning of 2015.
“Downtown continues to attract high-quality tenants and One New York Plaza’s newest retailers provide the services demanded by workers, visitors and residents in the Financial District,” said Ed Hogan, Brookfield’s National Director of Retail Leasing. “We are pleased to welcome Chop’t, Chipotle, Starbucks, Retro Fitness, Cobbler Express, Optometric Arts and the return of Gateway News.”
New eateries coming to One New York Plaza include:
Chop’t will lease 2,400 square feet. Craig Hantgan of Esquire Properties represented the tenant. Chop’t recently opened another location at Brookfield Place at 225 Liberty St.
Chipotle will open a 1,800-square-foot store. Kenneth Hochhauser of Winick Realty was the broker for Chipotle.
Starbucks signed a 1,200-square-foot lease. David Firestein of the Shopping Center Group represented the tenant.
New retailers to come online this winter include:
Retro Fitness will open a 17,000-square-foot gym and was represented by Brian Katz of Katz & Associates.
Cobbler Express signed a 950-square-foot lease. Cobbler Express currently operates another location at Brookfield Place at 200 Liberty St.
Optometric Arts will lease 950 square feet. This high-end optician was formerly a tenant at Brookfield Place.
Gateway News will lease 921 square feet and is a returning tenant. Gateway was represented itself.
Brookfield was represented in-house by Mr. Hogan and Mark Kostic for all leases. For Chipotle, Starbucks, Retro Fitness, Cobbler Express and Optometric Arts, Steven E. Baker and Kenneth Hochhauser of Winick Realty assisted Brookfield. For Chop’t, Mr. Baker worked with Brookfield to secure the lease.
“We are proud to be working with Brookfield to reposition the retail concourse at One New York Plaza, bringing exciting new retail to the building and the surrounding community,” said Steven E. Baker, president of Winick Realty Group. “We look forward to announcing even more retail deals at the property in the coming months.”
One New York Plaza, a 50-story skyscraper, is located at the southeastern tip of Manhattan with exceptional views of the Statue of Liberty, the New York Harbor and the Manhattan Skyline. It is located near numerous subway lines and public transportation. Its current tenants include Morgan Stanley and Fried Frank and will soon be home to Revlon and Macmillan Science and Education.
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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 and expansion and growth strategies. Winick Realty Group is highly recognized as a forerunner in the retail real estate market.