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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.

Citybizlist

Winick Realty Group Brings to Market Chelsea Corner Retail Site for First Time in 20 Years 

matthew-ball-print-ver-profile-001Winick Realty Group announced the availability of a prime retail corner located directly across from Whole Foods and Buy Buy Baby in the heart of Chelsea.

The retail at 261 Seventh Avenue, located on the southeast corner of West 25th Street, is available on the market for the first time in 20 years. Currently Trumart Discount Fabrics, the site offers 800 square feet of ground floor retail with 12 ½-foot ceilings and 25 feet of valuable corner frontage that will attract the 24/7 pedestrian traffic in the neighborhood.

The storefront sits one block south from the Fashion Institute of Technology and it is surrounded by an incredible co-tenancy that includes Papyrus, Caffe Bene, Starbucks, Argo Tea, Chipotle Mexican Grill, Jamba Juice, GNC, Chase Bank, TD Bank and many more.

Winick Realty Group Executive Vice President Darrell Rubens and his associate Matthew Ball are exclusively marketing the property on behalf of landlord 168-170 West 25th Street Associates.

For more, download the full article in PDF

citybiz-072715-Winick Realty Group Brings to Market Chelsea Corner Retail Site for First Time in 20 Years

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

 

Coveted Cornerstone retail space makes debut

270 7th Avenue Retail Space LR 01-12-15TF Cornerstone has tapped Winick Realty Group to market its retail space at 270 Seventh Avenue, across the street from Whole Foods.

“The site is poised to capture the incredible foot traffic and buying power from the Whole Foods location across the street, as well as such nearby attractions as Madison Square Garden, Penn Station and both the 34th Street and 23rd Street shopping corridors,ˮ said the brokerage in a press release announcing the assignment.

Winick president Steven E. Baker and Aaron S. Fishbein are handling the Chelsea assignment on behalf of TF Cornerstone.

“It is rare for such a prominent retail corner to become available in this market,” said Baker.

“We are proud to once again be working with TF Cornerstone to represent a prime listing in their retail portfolio.”

The 3,500 s/f retail space has 120 feet of all-glass frontage and signage potential on the northwest corner of Seventh Avenue and West 25th Street. All uses are considered for the space, which sits alongside the building’s current retail tenants, TD Bank and BuyBuy Baby.

“This prime location is sure to attract a broad spectrum of tenants,” said Steve Gonzalez, head of retail leasing for TF Cornerstone.

For more, download the full article in PDF

rew_012015_Coveted Cornerstone retail space makes debut

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

Welcome to Chelsea beers

World of BeerThe World of Beer is opening in the world of Chelsea.

The Florida-based restaurant has leased 4,500 square feet in the new Chelsea Park apartment building on the southeast corner of Eighth Avenue and West 26th Street.

Diana Boutross of Winick Realty Group represented the tenant, while colleague Alexander Hill is representing the building which is also getting a new Blink gym.

Asking rents are $130 per square foot on corners and $100 a square foot for an in line spot in that area.

For more, download the full article in PDF

NY Post_103013_Welcome to Chelsea beers

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

Chelsea Park complex to pump iron in basement

320 8th avenueA Chelsea apartment building is bulking up. For the good of its tenants’ health and its own bottom line, Chelsea Park, the new residential complex at 260 W. 26th St., between Seventh and Eighth avenues, has inked a lease with Blink Fitness for a new outpost in the building’s basement.

The 15,500-square-foot gym will have an entrance on Eighth Avenue, which will lead downstairs to the fitness center. It is scheduled to open by the end of 2014. The asking rent was $55 per square foot.

The space was originally intended to be a garage for the building, said Winick Realty Group’s Alexander Hill, who represented building owner Chelsea W26. Blink Fitness was represented by Peter Levine of Charter Realty and Development.

Blink Fitness is a growing, Equinox-owned chain of affordable gyms. The Chelsea outpost will be its 14th in the city.

Mr. Hill said he expects the gym to be particularly popular with students in the area at the School of Visual Arts and the Fashion Institute of Technology.

“It’s affordable fitness for the area,” Mr. Hill said. “Students are looking for a $20- or $30-a-month option for working out. It should be a great fit.”

For more, download the full article in PDF

CRAIN’S_043013_Chelsea Park complex to pump iron in basement

New York Observer

Winick To Handle Relocation of Displaced Sixteenth Street Synagogue

The Sixteenth Street Synagogue has enlisted Winick Realty Group to help it find a new home one month after the Appellate Court denied the 67-year-old congregation a stay of eviction, The Commercial Observer has learned.

Winick Associate Director Joshua Siegelman and his colleague Jonathan Banayan are taking the assignment to heart as they seek landlords in the Chelsea and Flatiron neighborhoods to provide a new home for the Orthodox synagogue, which has been offering Shabbat, morning and afternoon prayer services in a revolving roster of temporary spaces since it was ordered to clear out of its former–and only–home at 3 West 16th Street.

As The New York Observer reported, the displacement stems from a protracted legal battle that pitted Steven Ancona–a member of the Sephardic Synagogue Magen David, a Sixteenth Street Synagogue affiliate that worshiped on the second floor–against Jack Braha, a Syrian businessman who in the mid-2000s became the sole owner of the building.

“They had an agreement where the synagogue understood they’d be there for eternity,” Mr. Banayan said.

Although the courts weren’t swayed by that interpretation of the deal, the synagogue does hope to put down new roots not far from its original home. “They’ve been in the neighborhood for many years,” Mr. Siegelman said. “We’re looking to consider the area between 8th Street and 23rd Street from Third Avenue to Seventh Avenue.”

“This assignment is near and dear to our hearts,” Messrs. Banayan and Siegelman–both of whom are Jewish–said. “We hope to find a landlord who feels the same way.”

The Sixteenth Street Synagogue’s original home had 1,900 square feet of ground floor space comprising a lobby, bathrooms, library and main sanctuary. The 2,3000-square-foot second floor contained a kiddush room for after-service refreshments and a children’s playroom. The synagogue counts 100 regular members, but the commuting worker and international congregations attending thrice daily minions add up to thousands of visitors each year.

The current temporary accommodations are not sufficient, and Messrs. Siegelman and Banayan hope to find a part-time or permanent space of 1,500 to 3,000 square feet. “They’re very sensitive to the configuration and, as an Orthodox congregation, require separate spaces for men and women,” Mr. Banayan said. “And while we understand ground floors are tough to come by, the synagogue can’t go much higher than the second floor due to Shabbat observances.”

“One thing the synagogue has offered is giving up naming rights,” Mr. Siegelman said. “If someone wants to name the building in honor of someone else, they can do that.”

Messrs. Siegelman and Banayan are confident they will find a new space for the synagogue in the coming months.

For more, download the full article in PDF

NY Observer-021213-Winick To Handle Relocation of Displaced Sixteenth Street Synagogue