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Real Estate Weekly

Columbia welcomes Dear Mama to Manhattanville campus

Dear Mama Coffee, a Harlem-based espresso, cocktail, wine bar and eatery, has signed a lease in the Jerome L. Greene Science Center at Columbia University’s new Manhattanville campus.

The outlet joins Steep Rock Bouldering, a Community Wellness Center, an interactive installation about brain research and an Education Lab as part of the civic and retail spaces that define the street-level experience of the campus.

The signing establishes the second outpost of Dear Mama Coffee, joining the flagship East Harlem location, and is consistent with the University’s approach to its retail tenants, which favors local businesses that bring a variety of amenities and experiences to the diverse Columbia community, the wider local community and visitors.

“Dear Mama Coffee brings another high-quality business to the neighborhood, and with it, a day-to-night establishment that will add more activity and services to the new campus and community,” said David M. Greenberg, executive vice president of Columbia University Facilities and Operations.

“With art exhibitions, music, events, community fundraisers and more, Dear Mama Coffee will be a place of engagement and a true neighborhood venue.”

“Dear Mama Coffee serves as a gathering spot for the local community to nourish the heart, soul and belly,” said Zachary Sharaga, CEO and founder of Dear Mama Coffee.

“Along with a full food menu, coffee and specialty drinks, it is a platform for people to converge and inspire one another, discuss the issues of the day, admire local art and share music.

“The large space in Manhattanville will allow for a wide variety of events, including listening parties for local artists introducing new albums, fundraisers for causes important to the community, open mic nights for musicians and poets, book readings and much more.”

Dear Mama Coffee will occupy 4,700 s/f on the ground floor and mezzanine levels in the southwest portion of the Jerome L. Greene Science Center.

Winick Realty Group represented both the tenant and owner in the retail lease transaction, with Cary Fabrikant and Yoel Gorjian representing Dear Mama Coffee, and Kenneth Hochhauser and Kelly Gedinsky representing Columbia.

At street level, the buildings throughout Columbia’s new Manhattanville campus will be transparent in design, open to the public and programmed to engage the Columbia community and community-at-large.

The first open space to be completed on the new campus, the Small Square offers an informal, 10,000 s/f outdoor plaza with seating areas and free Wi-Fi.

The largest academic building ever constructed by Columbia University, the Jerome L. Greene Science Center provides 450,000 s/f of space for the neuroscience researchers of the Mortimer B. Zuckerman Mind Brain Behavior Institute.

For more, download the full article in PDF

rew_122017_Columbia welcomes Dear Mama to Manhattanville campus

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

Harlem Coffee Shop Signs on at Columbia’s Manhattanville Campus

A local Harlem coffee shop plans to open its second location in Columbia University’s new Manhattanville campus, according to a press release from the institution.

Dear Mama Coffee signed a long-term lease last month for a 4,700-square-foot space at the Jerome L. Greene Science Center, the first building completed at the new 17-acre campus rising around 125th Street and Broadway. The shop will occupy the ground floor and mezzanine levels of the building and open onto the “Small Square,” a 10,000-square-foot outdoor plaza with a seating area bookended by the Lenfest Center for the Arts. The university declined to disclose the terms of the deal.

The Renzo Piano-designed scientific research facility at 605 West 129th Street fronts a full block along Broadway between West 129th and West 130th Streets. The nine-story, 450,000-square-foot glass structure is one of three buildings in the first phase of Columbia’s ambitious and controversial northern campus, with the newly-opened Lenfest Center and the under-construction University Forum rounding out the southeastern corner of the complex.

The coffee shop will serve java roasted in Red Hook, Brooklyn, a mix of teas that are imported or blended in-house, menu items for breakfast, lunch and dinner, pastries made on-site, and cocktails and wine. And it will offer weekly exhibitions, art installations and live music, just like Dear Mama’s first Harlem outpost, which opened in mid-2016 at 308 East 109th Street.

Zachary Sharaga, founder and chief executive officer of the uptown coffee chain, said that he planned to hire employees from the neighborhood.

“There aren’t that many businesses in this neighborhood that can offer work in the competitive way that we can,” Sharaga told CO. “I grew up on Pelham Parkway [in the Morris Park area of the Bronx] and there were no jobs to be had on Pelham Parkway. As a kid, if I wanted to gain some life skills, I had to commute. So I’d love to have people from the neighborhood join the team and gain precedence in the hiring process.”

Sharaga added that he planned to open in time for the fall semester next year.

Dear Mama will join the project’s first retail tenant, rock climbing gym Steep Rock Bouldering, which opened in the spring along with the rest of the building. Columbia is searching for one more retailer, likely a food-related business, to fill the final storefront in the building.

Winick Realty Group’s Cary Fabrikant and Yoel Gorjian represented Dear Mama Coffee, and Kenneth Hochhauser and Kelly Gedinsky, also of Winick, handled the transaction on behalf of Columbia.

“They’re an experienced local operator,” said Hochhauser. “They have a great food and coffee program. They want to engage with the community and beyond, and they’re going to take it from breakfast all the way to late night.”

For more, download the full article in PDF

NY Observer-121817-Harlem Coffee Shop Signs on at Columbia’s Manhattanville Campus

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

The Colleges That Ate New York

manhattanville-campus-under-constructionFor a moment there, it appeared as if three mammoth university construction projects slated for New York City might never get on the rails. New York University’s 2-million-square-foot expansion in Greenwich Village got tied up in court over the use of park areas during construction, until an appeals court this past October ruled in the school’s favor. Columbia University’s planned 6.8-million-square-foot campus in Manhattanville also faced legal hurdles before the U.S. Supreme Court in 2010 allowed the school to take over property in the blighted community in West Harlem. Finally, Ithaca-based Cornell University is developing the 700,000-square-foot Cornell Tech, an engineering school that will occupy the northern end of Roosevelt Island.  That project initially drew the ire of pro-Palestine protestors because of its affiliation with an Israeli university called Technion-Israel Institute of Technology.

Now that all three developments are moving forward, Commercial Observer examines what the projects mean for New York City’s real estate landscape.

Michael Gleicher, a director at Winick Realty Group, which is marketing retail space in the Columbia Manhattanville project, believes the expansions underscore how businesses of every persuasion want a footprint in New York City. “[The projects say] how New York continues to be at the center of the world, not just in finance, but in research, information and technology,” said Mr. Gleichner. “The expansion of the campuses has really put New York City at the forefront.”

Richard T. Anderson, the president of New York Building Congress, views such projects as an engine for growth. “Higher education  represents about $2 billion a year in construction activity,” said Mr. Anderson. “It’s a big market. And it helps the economy in two ways. Directly, in work for designers and contractors and crafstmen. Indirectly, it serves as an economic multiplier, where every dollar spent on these projects generates another 50 cents of economic activity.”

The projects are driven by competition among top-tier colleges. Officials at NYU and Columbia University have said that their expansions will allow them to attract talented faculty and graduated students. And Cornell Tech’s $2 billion campus is the product of an initiative led by former Mayor Michael Bloomberg to increase entrepreneurship and job growth in the city’s technology sector. The university will ultimately compete with schools like The Massachusetts Institute of Technology and Stanford University.

“New York has become a much more compelling place to study and more attractive place to live with a greater likelihood that students will find a quality job,” said Kenneth Hochhauser, an executive vice president at Winick. “So to satisfy that demand, they’ve gone on a building spree, but it’s not just for students. It’s also a desire to capture research dollars. The building spree is classrooms and dorms, and also incubators, labs and research space.”

For more, download the full article in PDF

NY Observer-012115-The Colleges That Ate New York

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

Columbia Taps Winick for Manhattanville Retail

AERIAL - BULK VIEW - SE CORNERWinick Realty Group is going to grad school.

The trustees of Columbia University have selected the firm to market three retail spaces slated for phase one of the university’s Manhattanville expansion plans, Commercial Observer has learned. The stores, which Winick brokers anticipate will be ready for possession in the fourth quarter of the year, will offer a collective 22,115 square feet of available space on the base of the 450,000-square-foot Jerome L. Greene Science Center on the northwest corner of West 129th Street and Broadway, Winick officials told CO.

The Winick broker team with the listing—Kenneth Hochhauser, Kelly Gedinsky and Michael Gleicher—are programming a 5,395-square-foot space for a grab-and-go tenant, a 7,050-square-foot corner storefront for non-food retail and a 6,255-square-foot spread for a traditional restaurant, the team said during a conference call. All three stores include mezzanine and lower level space and will see traffic from both pedestrians visiting the Mortimer B. Zuckerman Mind Brain Behavior Institute in the graduate science building above and other rising structures near the site, according to a Winick brochure about the listing.

“We’re going to have a daily staff of researchers and students who are daily occupying the space,” Mr. Gleicher said. “Each of these three spaces is going to highlight a locally-based and imaginative retail option or restaurant.”

The brokers have yet to decide on asking rents for the new spaces, they said.

Construction workers are currently installing glass facade panels on the first floor of the building and masonry with epoxy coating on the property’s below-grade floors, according to a construction update posted on Columbia’s website. The school demolished a one-story building at 3205 Broadway last summer to make way for the building, as CO previously reported.

While Renzo Piano acted as the architect for the science center, Renzo Piano Building Workshop and Skidmore, Owings & Merill designed the master plan study for the 6.8-million-square-foot expansion the university is implementing. The first phase of the 17-acre expansion in West Harlem will also entail a conference center, a new headquarters and classrooms for the Columbia Business School and the Lenfest Center for the Arts, according to the university. In the subsequent phases, the university will erect new housing for students and faculty, as well as facilities for biomedical engineering, nanotechnology, systems biology, and urban and population studies.

For more, download the full article in PDF

NY Observer-011515-Columbia Taps Winick for Manhattanville Retail

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

Harlem’s 125th Street Picks Up Momentum

wsj harlem 1The pace of transformation of Harlem’s 125th Street is picking up speed, attracting developers and retailers who want to be part of the thoroughfare’s ascent.

Earlier this year, Extell Development Co. bought the site now used by a Pathmark supermarket at 125th Street between Lexington and Third avenues. Some attribute the latest flurry of interest and activity to the announcement in 2012 that the Whole Foods store was coming to Sutton’s development.

With that lease news, “the perception of 125th Street in the retail community changed,” said Kenneth Hochhauser, executive vice president at Winick Realty Group LLC.

The grocer, expected to open in 2016, will draw both local customers and those from a much wider range than is usual for 125th Street, said Mr. Hochhauser, who is marketing the Rockfeld Group’s planned 45,000-square-foot retail project next to the development that will house Whole Foods.

For more, download the full article in PDF

wsj_121514_Harlem’s 125th Street Picks Up Momentum

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.