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Todd Snyder Signs Deal for U.S. Store

ross-burack-print-ver-profile-001Designer menswear label Todd Snyder plans to open its first U.S. store at the base of a Madison Square Park office building.

The new store, expected to open in October on the northeast corner of the park, will have a New York sensibility but include elements similar to those found in the label’s Tokyo store. Called the Townhouse, the Tokyo location is one of four Todd Snyder stores in Japan. It has a tailor shop, a barber and a whiskey bar in addition to apparel and accessories.

The area is at the heart of New York’s technology sector and the store will draw high-net-worth individuals looking for convenience, said Ross Burack, of Winick Realty Group LLC, who represented Moinian.

“We dress younger techie guys but we also dress guys who go into boardrooms,” Mr. Snyder said.

Steve Asch of City Connections Realty Inc. represented Todd Snyder.

For more, download the full article in PDF

nasdaq_032116_Todd Snyder Signs Deal for U.S. 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.

 

 

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Todd Snyder to open first US store at Moinian’s 60 Madison

23 East 26th StreetFlatiron District-based men’s fashion brand Todd Snyder is set to open its first stateside retail store.

The label, founded by designer Todd Snyder, will take 5,700 square feet at the base of the Moinian Group’s 60 Madison Avenue, just a few blocks from the company’s 27 West 20th Street offices, the Wall Street Journal reported.

Snyder founded the brand in 2011, and its clothes have been marketed by other outlets including Bergdorf Goodman and Barney’s New York. The company operates four retail stores Japan, including a Tokyo location that features a tailor shop, a barber and a whiskey bar.

Steve Asch of City Connections Realty represented Todd Snyder. Ross Burack of the Winick Realty Group represented long-time owner Moinian.

The 13-story, 169,00-square-foot office building is located near the hub of New York’s technology sector.

“We dress younger techie guys but we also dress guys who go into boardrooms,” Snyder told the Journal.

The new store, the street address of which will be 23 East 26th Street, is set to open in October.

For more, download the full article in PDF

THE REAL DEAL_032116_Todd Snyder to open first US store at Moinian’s 60 Madison

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

Todd Snyder Signs Deal for U.S. Store

todd snyderDesigner menswear label Todd Snyder plans to open its first U.S. store at the base of a Madison Square Park office building.

Todd Snyder, founder and president of the eponymous fashion firm, signed a 5,700 square-foot lease at the base of 60 Madison Ave., a 13-story building recently renovated by its owner, the Moinian Group. The spot, at 23 E. 26th St., was fitting for Mr. Snyder, who lives and works in the area and who said he has drawn inspiration from New York City and the styles seen when walking through the park and riding the subway.

The new store, expected to open in October on the northeast corner of the park, will have a New York sensibility but include elements similar to those found in the label’s Tokyo store. Called the Townhouse, the Tokyo location is one of four Todd Snyder stores in Japan. It has a tailor shop, a barber and a whiskey bar in addition to apparel and accessories.

The area is at the heart of New York’s technology sector and the store will draw highnet-worth individuals looking for convenience, said Ross Burack, of Winick Realty Group LLC, who represented Moinian.

“We dress younger techie guys but we also dress guys who go into boardrooms,” Mr. Snyder said.

Steve Asch of City Connections Realty Inc. represented Todd Snyder.

For more, download the full article in PDF

wsj_032016_Todd Snyder Signs Deal for U.S. 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.

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Ethan Allen looks to bed down in Midtown South

915 broadwayContemporary home furnishings retailer Ethan Allen is planning to bring its Uptown Dining Collection to Midtown South, where it will join a growing collection of trendy design stores that now make the area home.

The Connecticut-based furniture chain is negotiating an 8,000-square-foot lease at the base of 915 Broadway, a 20-story office building owned by a group of investors headed Earl Altman of ABS Partners Real Estate, sources close to the talks told The Real Deal.

The deal covers 4,800 square feet on the ground floor with the remainder split between cellar and mezzanine levels, with a blended asking rent of about $300 per square foot. ABS brokers John Brod and Mark Tergesen are negotiating on the landlord side.

Home furnishing and design stores have proliferated in the city coinciding with the residential building boom, and the areas around Madison Square Park have been particularly popular.

Along with high-end condo conversions in the area such as the Witkoff Group’s 200 Fifth Avenue and Madison Equities’ 212 Fifth Avenue, the home furnishing stores are also drawn to Midtown South for rents that are far lower than posh neighborhoods like Soho.

“Madison Square Park is a magnet for the type of clientele who will shop at these high-end furniture stores,” said Ross Burack of Winick Realty Group, which is marketing a retail space to high-end design tenants at the Moinian Group’s nearby 23 East 26th Street.

“[The area] is an epicenter for not only high-end residential development but also restaurants thanks to Shake Shack and Eataly,” Burack added. “And it is one of the most sought-after office locations in the entire city with brands like Sony moving their corporate offices there.”

Italian furniture designer Poliform earlier this summer signed a lease for 10,000 square feet a few blocks north of the park at 112 Madison Avenue. And within the past two weeks, Spanish kitchen-and-bath shop Porcelanosa opened its $40 million Sir Norman Foster-designed showroom and offices at the former Criterion building at the crux of Fifth Avenue and Broadway.

Ethan Allen, whose glossy catalogs feature designs such as the “Tuft Love Living Room” and the “Uptown Dining Room,” has a much larger location next to Bloomingdale’s at 1010 Third Avenue, spanning 30,000 square feet. The company opened its flagship store in 2008 amid a downsizing of its national footprint, when it closed a pair of stores on either side of Central Park.

Activist investor Thomas Sandell is fighting a proxy war in an effort to wrestle control of the home furnishing company from its executives.

Sandell, who launched his campaign in August, said the company should consider monetizing its real estate assets through a series of leaseback transactions or even create a real estate investment trust.

For more, download the full article in PDF

THE REAL DEAL_091715_Ethan Allen looks to bed down in Midtown South

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.

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For the Record

295 Park AvenueDos Toros Taqueria signed a 10-year lease for 1,200 square feet at 295 Park Ave. South in the Flatiron district. The site will be the restaurant’s sixth New York City location. The tenant was represented by Adam Langer of Zelnik & Co. The landlord, Abington Properties, was represented by Steven Baker and Ross Burack of Winick Realty Group. The asking rent was $200 per square foot.

For more, download the full article in PDF

CRAIN’S_091114_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.

 

Real Estate Weekly

Retail changing along 23rd Street

186 fifth avenue 07-23-14The retail renaissance of the Flatiron District is not news to anyone who has been to the area recently, but the specific stretch of 23rd Street between 5th and 6th Avenues has been especially changing in recent months.

Longtime major tenants like Home Depot at 40 W. 23rd and quintessential New York City stores P.C. Richards, an electronics retailer, and Sleepy’s, the mattress retailer, are a few of the anchor tenants of 23rd Street.

In March, Time Warner Cable celebrated its grand opening of its flagship retail store at 43 W. 23rd Street, a 14,000 s/f space, while Lego is opening a 7,703 s/f of ground floor retail space at L&L Holding Company’s 200 Fifth Avenue, at the corner of 23rd Street, for its New York City flagship store.

The toy company had originally planned to open in January but that has been pushed back. Sources tell Real Estate Weekly the store will finally open around Columbus Day in October.

Before being transformed into a trophy office property in 2009, 200 Fifth served as the International Toy Center for over 75 years.

John Brod of ABS Retail, who has been marketing a ground floor retail space at 915 Broadway and has seen pedestrian traffic on Broadway outpace 5th Avenue, sees the changes to Flatiron going north to the 20’s.

“I think that retail there is up for a change for the better,” Brod told Real Estate Weekly of the 23rd Street corridor. “I think the entire area is just getting stronger. I think it’s a growth market, I don’t think it’s a declining market. I think it’s a changing market. I think that retail is pushing north on 5th – and I think that the avenues, whether it’s 14th or 23rd, will be the beneficiaries.”

Two Trees Management is currently marketing two ground floor retail spaces at 50 W. 23rd Street, known as the Jewelcor Building. One is a 2,341 s/f space while next to it is a 3,000 s/f space.

Winick is also marketing a small 225 s/f retail space at 186 5th Avenue, which was previously a jewelry store.

For more, download the full article in PDF

rew_090314_Retail changing along 23rd Street

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.