From the monthly archives: "July 2016"

Citybizlist

Winick Realty Group Markets Fully-Vented Broadway Retail Space on the Upper West Side

2271-Broadway_v7Winick Realty Group is bringing to market a rare, fully-vented retail space on one of busiest blocks of the Upper West Side. The retail at 2271 Broadway is located between West 81st and West 82nd Streets, where it is surrounded by an incredible co-tenancy that includes Zabar’s, Starbucks, Barnes & Noble, bluemercury, DSW, AMC Theaters and Chipotle Mexican Grill.

“Broadway is one of the most recognizable streets in the world and we are pleased to offer retailers an opportunity to be a part of this classic shopping corridor,” said Winick Realty Group President Steven E. Baker, who is marketing the property on behalf of Building Ownership along with Director Charles Rapuano and Associate Jeremy Wintner.

The retail at 2271 Broadway consists of 2,500 square feet on the ground floor and 1,500 square feet of basement space, which includes access to loading through West 81 st Street. The space offers 25 feet of valuable Broadway frontage designed to attract the attention of commuters using the nearby 79th Street 1 train station, as well as the dense residential population that continues to grow as new developments pop up around the neighborhood.

“This space would be ideal for not only a restaurant but also any dry use looking to benefit from the established co-tenancy and unmatched location,” said Wintner.

For more, download the full article in PDF

citybiz-072916-Winick Realty Group Markets Fully-Vented Broadway Retail Space on the Upper West Side

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.

 

New York Observer

BofA Joins TD Bank at Base of Chelsea Residential Building

chelsea-centro-at-270-seventh-avenue-photo-costar-groupBanks may be going more digital and shrinking their footprints, as Commercial Observer has reported, but that doesn’t mean they aren’t opening new retail locations.

CO has learned that Bank of America will open a new branch in 3,500 square feet at the base of Chelsea Centro, an 18-story TF Cornerstone residential rental building at 270 Seventh Avenue at West 25th Street (with a residential address of 200 West 26th Street), joining TD Bank at the site, according to Winick Realty Group. BofA’s space was previously a portion of Buy Buy Baby, which occupies in excess of 35,000 square feet.

At 3,500 square feet, BofA’s space is relatively large in this climate. As Newmark Grubb Knight Frank’s Jason Pruger previously told CO, banks are downsizing their retail spaces from 6,000 square feet to more in the 1,500- to 3,000-square-foot range, trending closer to 1,500 to 2,000 square feet.

“We are focused on providing services to our customers where they need them most,” a BofA spokeswoman said declining to comment on the necessity of a BofA in the same building as a TD Bank. “This is a growing neighborhood and we are excited about the opportunities we have here to serve existing and new clients.”

TF Cornerstone created a “beautiful corner with 18-foot ceilings that has brought more value to their incredible asset,” Winick brokers Steven Baker and Aaron Fishbein, who represented TF Cornerstone in the deal, said in a prepared statement.

The lease is for 15 years, and the asking rent was $215 per square foot, according to a spokeswoman for Winick.

CBRE’s David LaPierre and Stephen Sjurset represented BofA in the transaction. A spokeswoman for CBRE didn’t immediately respond with a comment.

For more, download the full article in PDF

NY Observer-072916-BofA Joins TD Bank at Base of Chelsea Residential Building

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.

Wall Street Journal

Under Armour Makes the Leap To Fifth Avenue

ross-burack-print-ver-profile-001Under Armour Inc. hopes to up its game with a sprawling retail store in one of Manhattan’s most expensive shopping districts.

The Baltimore sportswear maker’s chief executive told analysts Tuesday the company would put “the world on notice” by taking most of the space once occupied by the FAO Schwarz toy store on Fifth Avenue between East 58th and East 59th streets.

The 53,000-square-foot space in the General Motors Building will give the company a showroom in a section of Midtown Manhattan brimming with high-end retail and year-round throngs of tourists.

“Effectively, the goal that we have is to build the greatest single retail store in the world,” CEO Kevin Plank said in a conference call with analysts. “And we know that’s a big statement with a big company, but I think that that’s the opportunity we have.”

The stretch of Fifth Avenue is also known for its high rent. Toys “R” Us Inc., owner of FAO Schwarz, cited the rising costs of operating on Fifth Avenue when it closed its store in July 2015.

However, some brokers say the high asking rents don’t tell the full story. Landlords are able to attract big retailers because they are willing to offer generous tenant improvement packages to pay for costs such as building the store interior, said Ross Burack, a broker with Winick Realty Group LLC.

“These landlords pay tenants millions so they can get their asking rents, ” Mr. Burack said. “That’s how certain areas, such as Upper Fifth Avenue, are able to keep attracting these retailers at above comparable rents.”

For more, download the full article in PDF

wsj_072716_Under Armour Makes the Leap To Fifth Avenue

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.

 

New York Observer

Pressed Juicery Opening Union Square Store

pressed juiceryBeverage retailer Pressed Juicery will squeeze into an eighth location in New York City this year.

The company, which sells cold-pressed juice, has signed an 825-square-foot lease at 7 East 14th Street, Commercial Observer has learned. The terms of the deal were not disclosed.

The new store is expected to open in part of the ground floor of the 21-story building between Fifth Avenue and Union Square West in the last quarter of the year, according to Winick Realty Group, which handled the deal for landlord TF Cornerstone.

Pressed Juicery is “a great company and a great use for the neighborhood,” Winick’s Steven Baker, who represented TF Cornerstone with colleague Aaron Fishbein, said in a prepared statement.

Julian Hitchcock of F&B Group, who represented Pressed Juicery in the transaction, did not return a call for comment.

Pressed Juicery will join Ricky’s NYC and Le Café Coffee in the ground-floor retail section of the building. The juicing store is taking over the space occupied by cosmetics store Lush.

Pressed Juicery has stores around the country, including in California, Las Vegas, Seattle, Hawaii and New Jersey.

Its locations in the city include 103 Mercer Street between Prince and Spring Streets, 329 Lafayette Street between Bleecker and East Houston Streets, Columbus Circle’s TurnStyle shopping corridor, 2857 Broadway between West 111th Street and Cathedral Parkway, and 1240 Lexington Avenue between East 83rd and East 84th Streets. And Pressed Juicery recently signed a 450-square-foot lease at Triangle Assets’ 369 Lexington Avenue, which CO previously reported. Also, a seventh store is coming to Westfield World Trade Center, according to the company’s website.

For more, download the full article in PDF

NY Observer-072216-Pressed Juicery Opening Union Square Store

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.

New_York_Post_logo

Japanese-French restaurant set to give life to ex-clothing store

37 West 24th Street Main RenderingA new restaurant inside the inexpensive and centrally located Wyndham Garden Manhattan Chelsea hotel is slated to open this fall.

The so-new-it-has-yet-to-be-named restaurant at 37 W. 24th St. is 2,185 square feet. It will have around 75 indoor seats plus bar seating and a 400 square-foot outdoor patio.

The eatery will replace Capatosta.

The restaurateurs are Dan Rieger and Evan Rosenberg, of Atwood Kitchen & Bar Room in Midtown.

Jeff Sharon, of ABS Partners Real Estate, and Robert Kempner, formerly of ABS, represented the tenant in the transaction while Winick Realty Group’s Joshua Siegelman, executive vice president, and Ian Zimmerman repped the landlord, Fortuna Realty Group.

The asking rent was $140 a square foot.

For more, download the full article in PDF

NY Post_071816_Japanese-French restaurant set to give life to ex-clothing store

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.

Real Estate Bisnow

This Week’s NY Deal Sheet

the giovanniWine Legend and Gold Coast Bank signed 2,600 SF and 2k SF leases, respectively, for The Giovanni, John Catsimatidis’ residential building at 81 Fleet Place in Manhattan. Both tenants and the owner were repped by Winick Realty Group’s Jeff Winick. This will be the Long Island-based bank’s first proper NYC location.

For more, download the full article in PDF

real estate bisnow 07-12-16

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.