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New York Real Estate Journal

Smith of Winick Realty leases 9,800 s/f restaurant; Mok in-house reps landlord, Eretz Group

richard-smithAmerican bar and bistro District Tap House signed a lease for its second location at 252 West 37th St. between Seventh and Eighth Aves.

The restaurant, which offers 50 beers on tap, as well as full lunch and dinner menus, will occupy 9,800 s/f comprised of two former fabric stores that had been combined to create one wide store with more than 30 ft. of frontage. Set to open by October 1st, the restaurant will occupy space on the ground floor, mezzanine and basement.

Winick Realty Group’s Richard Smith represented District Tap House, which currently operates one block away at 246 W 38th St. According to Smith, the area is changing so much that there is enough demand to support two different locations.

“There have been a slew of hotels going up in the area, as well as residential towers and new offices so that rather than being a garment center, today the neighborhood is populated with architects, lawyers and other professionals who need places to go and entertain after work,” said Smith. “There is a big need for bistros of this type.”

Landlord Eretz Group was represented in-house by Nicholas Mok.

For more, download the full article in PDF

NYRE Journal_032415_Smith of Winick Realty leases 9,800 sf restaurant

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

Hotel guests supporting boom in beer joints

ditrictCOLORAmerican bar and bistro District Tap House signed a lease for its second location at 252 West 37th Street, between Seventh and Eighth Avenues in Midtown Manhattan.

The restaurant, which offers 50 beers on tap, as well as full lunch and dinner menus, will occupy 9,800 s/f comprised of two former fabric stores that had been combined to create one wide store with more than 30 feet of frontage.

Set to open by October 1, the restaurant will occupy space on the ground floor, mezzanine and basement.

Winick Realty Group’s Richard Smith represented District Tap House, which currently operates one block away at 246 West 38th Street.

According to Smith, the area is changing so much that there is enough demand to support two different locations. “There have been a slew of hotels going up in the area, as well as residential towers and new offices so that rather than being a garment center, today the neighborhood is populated with architects, lawyers and other professionals who need places to go and entertain after work,” said Smith. “There is a big need for bistros of this type.”

Landlord Eretz Group was represented in-house by Nicholas Mok.

For more, download the full article in PDF

rew_031215_Hotel guests supporting boom in beer joints

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

richard-smithDistrict Tap House signed a lease for a 9,800-square-foot space for its second location, at 252 W. 37th St. It currently has another space at 246 W. 38th St. The tenant was represented by Richard Smith of Winick Realty Group, and the landlord, Eretz Group, was represented in-house by Nicholas Mok. Mr. Smith declined to disclose the asking rent but noted that prices on the area’s side streets vary from $50 to $120 per square foot.

For more, download the full article in PDF

CRAIN’S_031215_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.

Citybizlist

Winick Realty Group Leases 9,800 Square Feet to District Tap House 

richard-smithAmerican bar and bistro District Tap House signed a lease for its second location at 252 West 37th Street between Seventh and Eighth Avenues in the heart of Midtown Manhattan.

The restaurant, which offers 50 beers on tap, as well as full lunch and dinner menus, will occupy 9,800 square feet comprised of two former fabric stores that had been combined to create one wide store with more than 30 feet of frontage. Set to open by October 1, the restaurant will occupy space on the ground floor, mezzanine and basement.

Winick Realty Group’s Richard Smith represented District Tap House, which currently operates one block away at 246 W 38th Street. According to Smith, the area is changing so much that there is enough demand to support two different locations.

“There have been a slew of hotels going up in the area, as well as residential towers and new offices so that rather than being a garment center, today the neighborhood is populated with architects, lawyers and other professionals who need places to go and entertain after work,” said Smith. “There is a big need for bistros of this type.”

Landlord Eretz Group was represented in-house by Nicholas Mok.

For more, download the full article in PDF

citybiz-030915-Winick Realty Group Leases 9,800 Square Feet to District Tap House

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

District Tap House Takes 10K SF For New Location in Midtown

252-west-37th-streetDistrict Tap House, an American bar and bistro that features 50 beers on tap, has signed a lease for its second location at 252 West 37th Street between Seventh and Eighth Avenues, only a block away from its other location at 246 West 38th Street.

A spokeswoman for Winick Realty Group, which represented District Tap House in the deal, told Commercial Observer that the new location has taken 9,800 square feet at a space that was home two former fabric stores, which were combined to create the restaurant. The restaurant will include space on the ground floor, mezzanine and basement.

“It’s a very up and coming area, [from] West 34th to 42nd Streets [and] Fifth Avenue to Ninth Avenue,” said Winick’s Richard Smith, who represented District Tap House in the transaction. “The area has transformed because a number of hotels and apartment buildings have been built there and there are a lot more coming.”

New properties being constructed in the area include hotels at 218 West 35th Street and 321 West 35th Street.

Mr. Smith attributed the new demand in this pocket of Midtown to the change in tenants from being primarily those working in the Garment District to professionals including architects, accountants and attorneys. The proximity to the Long Island Railroad and the Port Authority Bus Terminal is also a draw.

Mr. Smith also noted that asking rents for retail on the area’s side streets vary from $50 to $120 per square foot. He declined to provide the asking rents on the District Tap House transaction.

Eretz Group, the landlord, was represented in-house by Nicholas Mok.

The restaurant is expected to open by Oct. 1.

For more, download the full article in PDF

NY Observer-030615-District Tap House Takes 10K SF For New Location 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. 

 

Racked

Retail Stores Are Making a Strong Push in the Garment District

garment-district-shopping.jpgRetailers and commercial landlords alike are always looking to pounce on the next hot New York City neighborhood. Since the Financial District retail transformation is already well underway and with Hudson Yards on deck, where will we turn to next? The Wall Street Journal bets that it’ll be the Garment District.

Following the debut of the Urban Outfitters lifestyle store here, several developers have been sprucing up their properties along the Broadway corridor that connects Times Square to Herald Square, where the city recently added a pedestrian plaza for lingering tourists. Retail rents in the area have also seem a bump, topping out at $150 per square foot two years ago but now running as high as $350.

“I’ve been working in this area for 30 years and in the past nine months [the retail change] is moving faster than I have seen” before, said real estate company president Bob Savitt of Savitt Partners.

WSJ contributes that to the changing workforce in the neighborhood—due to cheaper office rents compared to other parts of the city, young companies in the fields of tech, media, and advertising have moved to converted spaces here, and they’ve got money to burn.

“It’s a perfect storm of events,” Kenneth Hochhauser of Winick Realty Group told the paper. “There’s a more educated workforce, a typically younger workforce and, in some ways, a more voracious workforce.”

But what about what the Garment District was built on—garment manufacturing? Will that still have its place in this revitalized neighborhood? Nanette Lepore thinks so. “It won’t ever be like it was in the 80s,” she said “But there is still a strong manufacturing element here.”

For more, download the full article in PDF

racked-082614-Retail Stores Are Making a Strong Push in the Garment District

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.