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New York Observer

The Plan: 1 New York Plaza’s Retail Concourse

1NYP commercial observerSometimes a little Starbucks or Subway kiosk in the lobby is a nice little perk for a building’s tenants. But when you’re Downtown—and the amenity is a big batch of new retail space—it winds up being a boon well beyond one landlord’s property lines.

Brookfield Property Partners wasn’t thinking about creating a big wave in the neighborhood, per se, last year when it redesigned 40,000 square feet of office space on the concourse level of its 2.6-million-square-foot 1 New York Plaza, where Revlon, Morgan Stanley and Fried, Frank, Harris, Shriver & Jacobson have offices. It just wanted some nice lunch options and maybe a gym or salon for the tenants in the building.

But it got a firsthand taste of the hunger for quality retail.

“What we found is when you came here in the winter, at least half the customers were wearing jackets,” said Kenneth Hochhauser, a broker with Winick Realty Group, which is marketing the space for Brookfield. “So they are walking from a distance to come here; it’s not just servicing this building.”

Brookfield wound up renovating an additional 8,852 square feet of space on the concourse level for even more retail. The asking rent is $75 per square foot, and they want something that will complement the current stores their now, which include a Starbucks, Schnipper’s Quality Kitchen, Chipotle Mexican Grill, Chop’t, Naya Express and Cappone’s Salumeria. Each retailer has lines out the door during lunch and morning rushes. Brookfield is targeting an Asian restaurant or juice bar as possible tenants.

In terms of non-food options, there is also a 17,000-square-foot Retro Fitness gym—the first in Manhattan—Cobbler Express shoe shine store, an eyeglasses shop called Optometric Arts and Spiff For Men barbershop opening soon. Brookfield is considering leaving a space for a salon to balance the gender service offerings.

Prior to its makeover, the building’s concourse level housed building management offices, an art gallery and a Dunkin Donuts, and the hallways were about twice as wide. It was due for a revamp in Brookfield’s eyes.

“It really wasn’t an amenity for the building or for the Water Street corridor,” Mark Kostic, a Brookfield vice president, said during a tour of the space. “You weren’t going out of your way to come down here.”

When Superstorm Sandy hit in 2012, it flooded and wrecked the concourse. The landlord’s plan to renovate the level was hastened, Mr. Kostic said. The $14 million renovation began in 2013 and was completed last year. Retailers gradually opened throughout the year starting with Starbucks and Chipotle in the spring.

With the redesign of the concourse, Brookfield made some safeguards for future storms, such as moving electrical equipment on upper floors in the 50-story building. They also offer flood insurance plans for retailers there.

Although the concourse is not visible to street level, it has become popular thanks to limited retailers in the area and word-of-mouth, Mr. Hochhauser said.

FiDi looks hungry for more.

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NY Observer-031616-The Plan – 1 New York Plaza’s Retail Concourse

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

Juice Generation Takes Clarke’s Standard Old FiDi Space

101 maiden lane 08-07-14Popular juice bar Juice Generation has signed a lease for its first Financial District location, in the ground-floor space formerly occupied by Clarke’s Standard at 101 Maiden Lane, Commercial Observer has learned.

Juice Generation, which has 12 locations in Manhattan and Brooklyn, is taking 1,683 square feet at the base of one of TF Cornerstone‘s two luxury residential buildings collectively known as 2 Gold Street, Winick Realty Group announced. The asking rent was $200 per square foot, as Commercial Observer previously reported, and the lease is for 10 years. Juice Generation is slated to open in early 2015.

The juice shop joins Tres Carnes, which occupies 1,670 square feet in the 51-story, 839-unit rental building between Gold and Pearl Streets, as well as Fields Good Chicken, which leases 1,325 square feet there

Winick Realty Group’s Steven E. Baker and Aaron S. Fishbein represented TF Cornerstone in the transaction.

“Maiden Lane is teeming with dining options, but there was still an unmet need for a health-oriented juice concept like Juice Generation,” Mr. Baker said in a prepared statement.

Mr. Gonzalez added: “They will be a great complement to Soul Cycle, which is opening on the second floor of 101 Maiden Lane [this month].”

Benjamin Birnbaum of Newmark Grubb Knight Frank represented Juice Generation. He declined to comment.

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NY Observer-110514-Juice Generation Takes Clarke’s Standard Old FiDi Space

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

Clarke’s Standard FiDi Space Hits the Market

101 maiden lane 08-07-14Clarke’s Standard, a burger joint owned by P.J. Clarke’s, plans to vacate its 1,683-square-foot, Financial District location at 101 Maiden Lane, Commercial Observer has learned.

Winick Realty Group was tapped to exclusively market the ground-level retail space, which is located inside one of TF Cornerstone’s two luxury residential buildings which are collectively known as 2 Gold Street.

Clarke’s Standard has additional locations at 636 Lexington Avenue in Midtown and 870 Broadway in Union Square, according to the restaurant’s website.

Winick’s Steven Baker, who is marketing the space with colleague Aaron Fishbein, declined to comment on the reason for the tenant’s planned departure. A spokesperson from P.J. Clarke’s did not respond to a request for comment.

Asking rent for the space, which can be made available 90 days following execution of the lease, is $200 per square foot, Mr. Baker said.

The space, situated between Gold and Pearl Streets, includes 80 feet of wraparound frontage and room for outdoor seating, according to a release provided to Commercial Observer by Winick.

“This is a rare opportunity on Maiden Lane to set up not only a restaurant but an outdoor dining experience that will service the dense office and residential populations of Downtown Manhattan,” Mr. Baker said in a prepared statement. “We have already received interest from many of the area’s top food operators.”

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NY Observer-082214-Clarke’s Standard FiDi Space Hits the Market

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

1 New York Plaza Scores Five New Retail Concourse Tenants

1-new-york-plaza-ny_145-kw-reduction-390x600Brookfield Office Properties has signed leases with five new retail tenants at its 1 New York Plaza within the past six weeks, bringing the 42,000-square-foot retail concourse to 65 percent leased, Commercial Observer has learned.

The new tenants are Starbucks (1,200 square feet), Chipotle (1,800 square feet), Chop’t Creative Salad Company (2,400 square feet), Cobbler Express (950 square feet) and Optometric Arts (950 square feet).

All of the leases in the 50-story, 2.6-million-square-foot building at Water and Whitehall streets, on the southern tip of Manhattan, are for about 10 years, said Edward Hogan, national director of leasing at Brookfield Office Properties. The asking rent is $60 per square foot.

In addition, New Jersey-based Retro Fitness signed a lease for 17,000 square feet at 1 New York Plaza, the fitness center’s first location in Manhattan, as reported last month.

In all six deals, Brookfield was represented in-house by Mr. Hogan and Mark Kostic, in addition to Steven E. Baker and Kenneth Hochhauser of Winick Realty Group. Mr. Hochhauser also represented Chipotle in its deal.

After taking a beating in Superstorm Sandy, when the building’s lower levels were flooded with an estimated 23 million gallons of seawater, all of 1 New York Plaza reopened in November 2012, but for the retail concourse. It has been undergoing a $14 million redesign and repositioning, including adding a ventilation system. Only one previous tenant, Gateway News (921 square feet), will be returning once the concourse opens. The retailers are slated to open in the concourse in the winter of 2015.

“Without gutting the whole floor we wouldn’t have been able to upgrade the entire tenancy,” Mr. Hogan said.

Brookfield started construction on the retail concourse in early spring of this year after mulling different designs and tenant mixes for the space.

“We decided the neighborhood needed retail,” Mr. Hogan said. “It made sense given the demand and feedback as we discussed what we could bring there.”

For more, download the full article in PDF

NY Observer-072914-1 New York Plaza Scores Five New Retail Concourse Tenants

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

Ricky’s glams up with Beauty Bazaar and dog costumes

101113PetsZM11.jpgRicky’s eclectic shops are expanding into bow-wow and beauty.

Along with its unique Pup Up store at 1276 Third Ave. at East 86th Street for doggie costumes, the company has signed four-month leases at two small buildings at 33 and 34 Park Row that may be extended into next year, The Post has learned.

Ricky’s Halloween store, already open on 33 Park Row, will turn into a Christmas and Hanukkah gift store for the remainder of the year, sources said.

Additionally, a brand new Beauty Bazaar concept will open soon in No. 34 on the corner of Beekman Street.

Alexander Hill of Winick Realty Group represented Ricky’s in the deal for the 12,000 square feet with the owner of the two buildings who previously rented to J&R Music.

Richard Parrott, president of Ricky’s, said the Beauty Bazaar will be “six floors of fashion and beauty wonderland.”

A Professional Ricky’s will carry professional hair lines and beauty products for testing.

This third floor will have an appliance test bar within a salon so that the beauty personnel can instruct customers how to use the products and hot irons.

“There are attempts at this but none that will reach this level,” Parrott explained. “I’ve got several suitors, and a lot of people want to be a part of this.”

For more, download the full article in PDF

NY Post_101713_Ricky’s glams up with Beauty Bazaar and dog costumes

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

Winick wins shopping trifecta

TF CRadio-Shack-7-East-14th-Street1-600x450ornerstone has tapped Winick Realty Group to market a trio of properties around Manhattan.

President Steven E. Baker will spearhead the leasing efforts for all three storefronts.

Baker and executive vice president Kenneth Hochhauser are currently marketing a FiDi corner formerly occupied by Pret a Manger.

The 1,670 s/f store at 101 Maiden Lane features 20 ft. of corner frontage surrounded by successful locations for tenants such as Potbelly, Chipotle, Hale & Hearty, Starbucks and Chop’t.

In the heart of Union Square, Baker and associate director Josh Siegelman represent approximately 2,400 s/f of ground-floor space at 7 East 14th Street, between Fifth Avenue and University Place.

Currently Radio Shack, the site benefits from the 24/7 pedestrian traffic generated by some of Union Square’s top-performing businesses, including Whole Foods, Forever 21, Burlington Coat Factory and the first Manhattan location for Nordstrom Rack, which Baker leased in 2009.

Finally, Baker and his associate Aaron Fishbein are marketing 1,336 s/f of community space at 220 West 26th Street, between Seventh and Eighth Avenues in the heart of Chelsea.

The space sits at the base of Chelsea Centro, a luxury rental building with 237 units, and is accessible by many different MTA subway lines. Only tenants who are use group 3 & 4 will be considered for this space.

Winick also landed an assignment in Toms River Center in New Jersey’s Ocean County owned by Ashkenazy Acquisition Corp.

Senior vice president Tyler Bennett has been named the exclusive broker for two availabilities at Toms River Plaza, one of the most successful regional shopping centers in the County.

The 3,000 s/f availability, a former pizzeria, is restaurant ready and Bennett is seeking to fill the site with a fast casual food tenant, among others.

The other measures 6,900s/f and, for this site, Bennett is seeking a merchandise or apparel user.

Two large prominent pylon signs are available with the retail stores. Both can be seen from the Garden State Parkway, offering additional and invaluable visibility.

“Though the Toms River market has seen many changes through time and new developments, there is nothing that can replace the Toms River Center,” said Bennett.

“The Center has withstood the test of time and has always had a strong tenancy with a high occupancy rate. This is arguably the best shopping center in the market and I am honored to represent the two available storefronts on behalf of Ashkenazy Acquisition Corp.”

Anchored by Super Foodtown and Kohl’s, the 251,000 s/f Toms River Center is positioned off of exit 82A of the Garden State Parkway.

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rew_041713_Winick wins shopping trifecta