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New York Observer

Sneaker Stores Are a Shoe-in for Landlords, Especially in Midtown

 

Zach Diamond of Winick Realty Group represented the rapper Fat Joe in finding the space for his retail specialty store Up NYC, which opened this past November at 3806 Broadway between West 158th and West 159th Streets in Washington Heights.

He said the 2,500-square-foot space is succeeding due to sneakers’ evolving status as prized collectables, or valued items that fetch a sizable markup on resale.

“[Up NYC sells] higher-end Nike and Jordan brands which are limited edition,” Diamond said. “The whole sneaker craze now is that people are waiting in line for three days just to buy shoes at, let’s say, $300, and once they get them, they turn them for $500.”

Diamond recalled how, when the Washington Heights store opened, Fat Joe carried 10 exclusive models.

“The lines [in front of the store] started on Wednesday, and the opening was Saturday,” he said, noting that the opening featured appearances by rappers including Remy Ma and 50 Cent. “There were lines three blocks down the street before the store even opened. It was crazy.”

For more, download the full article in PDF

NY Observer-032917-Sneaker Stores Are a Shoe-in for Landlords, Especially in Midtown

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

Discount Department Store DII Signs Two Leases to Remain in Coney Island

626 sheepshead bay roadDII Stores has signed two leases at Cammeby’s International’s 626 Sheepshead Bay Road development in Coney Island, according to the landlord.

In the larger of the two leases, the discount department store, which sells male and female apparel as well as home products, will occupy 11,600 square feet as the retail anchor of the seven-story office and retail building under construction near the intersection of West 8th Street.

The company currently operates a shop at nearby 530 Neptune Avenue between West 6th Street and Marsha Rapaport Way, a building that Cammeby’s owns and plans to demolish for a 42-story residential tower.

“DII is an important part of the Coney Island community, so we’re extremely happy that they will remain a permanent fixture by serving as the anchor tenant,” Jacob Cohen, executive vice president of development at Cammeby’s, said in a statement. “The company will also bring its corporate offices to the property, providing employees with a new, modern work environment.”

DII inked a separate deal for 4,900 square feet on part of the third floor of the property for its offices, which will be relocated from 530 Neptune Avenue. The landlord declined to provide the terms of the leases.

Winick Realty Group’s Jeff Winick, Lee Block, Darrell Rubens and Danielle Winick represented the landlord and the tenant.

“This lease is another reflection of Cammeby’s commitment to keeping longtime businesses in Coney Island,” Block said in prepared remarks. “DII will continue to cater to customers at its current space on Neptune Avenue before moving into [the] new, modern space that will serve as its home for years to come.”

DII has 14 locations in New York and New Jersey. The 161,000-square-foot building at 626 Sheepshead Bay Road is expected to be completed in the fall.

For more, download the full article in PDF

NY Observer-032217-Discount Department Store DII Signs Two Leases to Remain in Coney Island

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 Real Estate Journal

Lee NYC brokers two retail leases totaling 4,500sf, includes 3,500sf to Irving Farm Coffee Roasters by Braus and Sutro

78w3_storefront-2016-e1488302222582Managing principal Peter Braus and managing director JP Sutro of Lee & Associates NYC LLC (Lee NYC) have arranged two retail leases totaling 4,50 s/f.

The first deal was a 15-year lease for Irving Farm Coffee Roasters a 78 West 3rd St. at Thompson St. in Greenwich Village. The 3,500 s/f, two-stor space faces Washington Sq. Park and is located in New York University’s main campus.

“We received a lot of interest from restaurateurs, but ownership was especially excited to partner with such a successful local business like Irving Farm,” said Braus, who represented the owner, CEJ Properties, with Sutro.

Matthew Schuss, associate director of Winick Realty Group, represented the tenant, making this his third successful lease transaction on behalf of the brand. Irving Farm will open in spring.

For more, download the full article in PDF

NYRE Journal_032117_Lee NYC brokers two retail leases totaling 4,500sf, includes 3,500sf to Irving Farm Coffee Roasters by Braus and Sutro

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 Weekly

Artists & Fleas taps Winick Realty Group as its exclusive broker

artists & fleasExperiential retail pioneer Artists & Fleas has tapped Winick Realty Group as its exclusive broker in their Manhattan expansion.

Director Aaron S. Fishbein and Associate Daniyel Cohen are working with the brand to find flagship locations on main shopping corridors throughout Manhattan, with a particular emphasis on SoHo.

Artists & Fleas creates curated retail marketplaces that offer a dynamic retail experience where customers can shop from, interact with and discover one-of-a-kind products made by local designers, artists, and independent brands. Vendors selling items such as clothing and jewelry, art, design and home goods, are rotated in and out of the space, ensuring that the Artists & Fleas experience is never the same twice.

“Artists & Fleas is the future of retail,” said Fishbein. “As online sales encroach more and more on the traditional retail business, shops have had to become more experiential. Artists & Fleas has been a pioneer in this market since 2003, offering an incredibly dynamic shopping experience that attracts customers of all ages and from all walks of life.”

Since its founding in 2003, the company has grown to operate four locations—Chelsea Market and Williamsburg in New York, and Abbot Kinney, Venice and the Arts District in Los Angeles—that have hosted 250+ merchants and more than 25,000 visitors on a weekly basis.

“We are proud to have curated four distinct marketplaces since 2003, catering to local communities with one-of-a-kind shopping experiences,” said Amy Abrams of Artists & Fleas. “We look forward to bringing Artists & Fleas to SoHo, a neighborhood we regard as both a creative and shopping capital of Manhattan and a destination for both locals and tourists who appreciate the type of exciting retail concept that Artists & Fleas creates and provides.”

For more, download the full article in PDF

rew_032117_Artists & Fleas taps Winick Realty Group as its exclusive broker

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.

crains logo

For the Record

matthew-schuss-web-ver-profile-001Irving Farm Coffee Roasters signed a 15-year lease for 3,500 square feet at 78 W. 3rd St.The coffee shop plans to open its ninth city location and will occupy the 2-story space at the corner of West Third and Thompson streets. Lee & Associates NYC represented the landlord, CEJ Properties. Winick Realty Group represented the tenant. The asking rent for the deal was $200 per square foot.

For more, download the full article in PDF

CRAIN’S_031617_For the Record

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.

 

Chelsea Now Logo

Throwback Vibe is New Club’s Groove

161 West 23rd Street picture“I spent a lot of time going out, checking out the nightlife in the city, and just not seeing any venues that really cater to a slightly older crowd,” explained Jeff Wittels. “I wanted to bring this back to New York.”

This line of thinking resulted in the forthcoming Retroclubnyc — a club Wittels will run, catering to guests 35 and older and focusing on throwback music from the ’70s to today. The venue secured a space at 161 W. 23rd St. (btw. Sixth & Seventh Aves.), the former home of Meridian, and just last week Winick Realty Group signed a 10-year lease on the location.

According to Wittels, they’re aiming for an early-spring opening date on the two-floor, approximately 200-capacity club.

The heart of the venture, though, is the music — a sphere Wittels has significant experience with.

“I have a massive personal collection of vinyl. I mean, I did DJ work many years ago, so I’m going to be personally handling that whole aspect of it,” said Wittels, who favors danceable cuts. “We’re going to have turntables, vinyl — it’s going to be a little bit of a throwback.”

The throwback vibe will even extend to the imbibing options. “We’re going to have kind of a retro drink menu also, specialty cocktails, which is going to be pretty cool — bringing back some of the drinks from back in the day,” said Wittels, who noted that the menu (in addition to their light food options) is still in development. “That’ll be fun for people who haven’t seen that in a while, and also for people who just have never experienced some of the older drinks.”

Wittels, did ensure, however, that the decor would not indulge in kitchy trends from decades past. “It’s not going to be corny; it’ll be fun. It’ll be new, interesting, chic,” he commented, noting that they’re currently in the design phase.

Though the opening is a ways off, buzz has already been building via the two Instagram accounts that Wittels runs — @Retroclubnyc and @Vocalclubnyc, which highlight the kinds of old school songs that will be the club’s bread and butter, and singer-songwriters and live acts Wittels enjoys, respectively. It’s a division that will also manifest itself in the club.

“It’s a two-name venue, which is unique. It’s Vocalclub and Retroclub, and you’ll see that right on the front,” revealed Wittels. “We’re going to have live music earlier in the evening, and then switch over to more DJ music.” Bridging the gap between the two, Wittels also noted that he plans on working with live cover bands to play old hits as well.

“There’s been a lot of positive response from the neighborhood already; and people slightly older are really excited about having a place to go to,” Wittles asserted, noting that he’s only heard positive reactions. “Chelsea’s just a fun area; it’s near the High Line, it’s near Meatpacking — everything’s there. It’s just a nice part of the city,” he said, theorizing that its easily accessible location could attract guest from all across the city.

Ultimately, for Wittels, it’s about creating a friendly, positive experience to stand in contrast to many of the less-welcoming, trendy options in the Downtown area.

“I want [guests] to feel like they’ve had a good time, they’ve had fun, and enjoyed themselves,” concluded Wittels, who wants people to leave “excited and happy to come back.”

For more, download the full article in PDF

Chelsea Now_031517_Throwback Vibe is New Club’s Groove

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.