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Real Estate Weekly

Coveted Village corner comes available

Charles_RapuanoWinick Realty Group’s Charles Rapuano announced the availability of a rare retail corner at 750 Greenwich Street, located on the Southwest corner of West 11th Street in the heart of the West Village.

Previously Mark Lakin Gallery, the space is vacant for the first time in 20 years as the retail tenant, who also owned the building, sold to a foreign investor.

All uses are currently being considered for the storefront, which consists of 1,000 s/f on the ground floor with ceilings in excess of 10 feet and an additional 1,000 s/f in the lower level with ceilings in excess of eight feet.

“Corners rarely come available in this young, hip, vibrant neighborhood,” said Rapuano. “The area is filled with affluent families and professionals, making this one of the world’s wealthiest zip codes.”

With more than 65 feet of corner frontage, the incoming tenant will be poised to capture the attention of customers dining at the world-famous Spotted Pig across the street, as well as those who frequent the clothing and cosmetic stores that dot the nearby streets.

“A tenant can be very creative with their branding here,” said Rapuano.

“This is great opportunity for retailers of all sizes, whether they are a local operator looking to expand in Manhattan or an international brand looking to open up a flagship location.”

For more, download the full article in PDF

rew_101515_Coveted Village corner comes available

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

Chinese restaurant to bring authentic taste downtown

lee-block-258x30020So long General Tso’s chicken. Authentic Chinese food could soon overtake the American version of the popular cuisine.

The China-based owners of Hao Noodle & Tea are helping lead the charge in New York, with plans to open a flagship restaurant in Greenwich Village by December.

The eatery will feature organic and traditional Chinese noodles served with tea in a “tranquil” setting, a spokesperson said.

The spot is the first North American eatery for the group, which plans to open up to 50 more on the East Coast over the next five years.

The 4,800 square space, at 401 Sixth Ave. between Greenwich Avenue and Waverly Place, is a central spot for neighborhood denizens and the New York University community.

The two-story building is owned by Walter & Samuels. The restaurant space features 2,400 square feet of ground-level space with high ceilings and an open kitchen, as well as 2,400 square feet in the basement, said David Berley, Walter & Samuels’ chairman.

Lee Block, Dana Albert and Ross Burack of Winick Realty Group represented Walter & Samuels, while John Cinosky of ATCO represented the restaurant.

For more, download the full article in PDF

NY Post_091315_Chinese restaurant to bring authentic taste downtown

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 Markets Rare West Village Corner Retail Opportunity 

750 Greenwich Street - Photo webWinick Realty Group’s Charles Rapuano announced the availability of a rare retail corner at 750 Greenwich Street, located on the Southwest corner of West 11th Street in the heart of the West Village.

Previously Mark Lakin Gallery, the space is vacant for the first time in 20 years as the retail tenant, who also owned the building, sold to a foreign investor. All uses are currently being considered for the storefront, which consists of 1,000 square feet on the ground floor with ceilings in excess of 10 feet and an additional 1,000 square feet in the lower level with ceilings in excess of eight feet.

“Corners rarely come available in this young, hip, vibrant neighborhood,” said Rapuano. “The area is filled with affluent families and professionals, making this one of the world’s wealthiest zip codes.”

With more than 65 feet of corner frontage, the incoming tenant will be poised to capture the attention of customers dining at the world-famous Spotted Pig across the street, as well as those who frequent the clothing and cosmetic stores that dot the nearby streets.

“A tenant can be very creative with their branding here,” said Rapuano. “This is great opportunity for retailers of all sizes, whether they are a local operator looking to expand in Manhattan or an international brand looking to open up a flagship location.”

For more, download the full article in PDF

citybiz-090915-Winick Realty Group Markets Rare West Village Corner Retail Opportunity

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.

 

mann report logo

Resurging Corridors Making a Push

joshua-siegelman-258x30017It’s an oft-heard saying that what’s old is new again, and nowhere is that more true than New York City. Our city goes through constant waves of growth, sometimes encompassing an entire neighborhood and sometimes focusing on a particular retail corridor. Right now, two shopping streets in particular are experiencing renewed growth and a new, exciting retail and food service mix that is returning them to their former respective glories.

For decades, Eighth Street was the go-to destination for customers shopping for shoes. Potential clients streamed up and down this Village block, with more than two dozen different footwear retailers populating the strip between Fifth and Sixth Avenues. Over the years, tastes and trends changed and the excitement of the block began to wane. Apparel and shoe retailers began to rethink their strategies, opting to situate themselves on the avenues, which offer a stronger supporting cast of co-tenants and a heavier exposure to foot traffic. Eventually, Eighth Street was overrun with vacancies.

But those who wrote off Eighth Street as a vestige of a bygone era of retailing are today eating their words as the street is populated with exciting new retailers including a soon-to-open location for Liquiteria, as well as Amelie Bistro, Lena Coffeeshop and Stumptown, one of the pioneers in the neighborhood who wowed everyone with their build out and dedication to the site. This amazing turnaround can be credited in part to the revitalization of the Marlton Hotel, a hotel that was popular with celebrities in the earlier part of the 20th century before becoming a dormitory for the New School. BD Hotels, in partnership with Sean McPherson, purchased the Marlton House and in 2013, it reopened, bringing incredible levels of foot traffic to the once-declining Eighth Street. The area has grown so much in the last year that the trend is expanding beyond the boundaries of Eighth Street, as evidenced by the opening of the heavily-hyped Claudette Restaurant on Fifth Avenue and Ninth Street.

Another shopping corridor that is currently experiencing massive growth is Greenwich Avenue. The area was hit hard following the closing of St. Vincent’s Hospital in 2010. Nearby retailers were hurting from the loss of business as hopital workers and patients’ families were no longer spending money in the area. If there was ever a shopping street poised for a comeback, this is it.

For starters, the new Greenwich Lane development has brought six buildings’ worth of luxury condominiums to the neighborhood, while the Lenox Hill Hospital Health Center is bringing back some of the medical traffic that had been lost. Coinciding with this new wave of consumers coming onto Greenwich Avenue looking for places to spend their money, many of the old leases on this street have been turning over, creating an incredible opportunity for new retailers and, in particular, full-service restaurants and fast-casual food concepts to capture the buying power in the neighborhood.

The Meatball Shop was one of the first of these new retailers to see the value of Greenwich Avenue, opening up their storefront as early as 2011 in a space that formerly housed a tanning salon. I personally completed The Meatball Shop’s lease, as well as Greenwich Avenue deals for Oaxaca Taqueria, Le Baratin and Enopi Tutoring Center. I am also currently marketing 28 Greenwich Avenue, so I have seen first-hand how this area has changed in recent years. Back in 2011, rents on the street were closing in the vicinity of $110 per square foot, whereas now rents are closer to $170 per square foot, making Greenwich Avenue comparable to other high-traffic corridors in the West Village and similar neighborhoods including Nolita and the East Village.

In the intervening years, the culinary choices on this street have become second to none with options ranging from Mighty Quinn’s and Rosemary’s to Oaxaca Taqueria and Bluestone Lane. Filipino restaurant Lumpia Shack Snackbar is one of the latest concepts to sign a lease on the strip, garnering great reviews from The New York Times, among others. Beyond the food scene, Australian skin, hare and body care company Aesop Cosmetics has chosen Greenwich Avenue as a viable site for its brand expansion, as has popular menswear brand Save Khaki. Most of the stores are smaller sizes because of the footprints of the older buildings on the block, lending themselves well to these smaller operators who are willing to take a chance on a corridor on the upswing.

Both of these corridors are terrific examples of how nothing is ever lost in Manhattan. Streets and neighborhoods don’t die off but rather evolve, re-invent and modernize over time. A successful retailer must be able to look beyond the trendy locations of today and see the potential for tomorrow’s great success stories as well.

For more, download the full article in PDF

Mann Report – January 2015 – Resurging Corridors Making a Push

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 Plan: 28 Greenwich Avenue

28 Greenwich AvenueAn approximately 2,300-square-foot, bi-level retail space has hit the market at 28 Greenwich Avenue along one of the most heavily trafficked corridors of the West Village. The space, formerly occupied by spa and nail salon Blush, hasn’t been available for 15 years, during which time Greenwich Avenue has gone through a dramatic change. The unit is available for both food and dry use and brokers are seeing evenly split interest, according to Winick Realty Group’s Josh Siegelman, who is marketing the space with an asking rent of $15,000 per month. “Greenwich Avenue is one of the more charming blocks in the West Village,” Mr. Siegelman told Commercial Observer last week. “The space has great co-tenancy that keeps the area busy and it’s one of the only streets in the area that has two-way vehicular traffic.”

For more, download the full article in PDF

ny observer-072914-the plan

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.

mann report logo

Winick Realty Group Leases Two New Manhattan Storefronts For Elixir Juice Bar

charles-rapuano-profile-001Elixir Juice Bar has leased two more stores in Manhattan, according to Winick Realty Group’s Charles Rapuano, who represented the brand in bo
The brand will occupy 70 Greenwich Avenue, located between Seventh Avenue South and Sixth Avenue in the heart of the West Village. Rapuano represented Elixir, while ownership was represented by Caleb Peterson of RKF.th of its recent New York leases.

Though the site is in close proximity to its recent opening 434 Sixth Avenue, “Elixir felt it was a different market because of the travel patterns in the area,” said Rapuano, who is continuing to locate real estate for Elixir throughout Manhattan and the suburbs. “With the new luxury apartments being developed out of the former hospital across the street, there will definitely be enough consumers to support two locations.”

Elixir has also leased a location in the Upper East Side, a neighborhood Rapuano describes as teeming with gyms, yoga studios, cycling studios and other health-conscious amenities. The 500-square-foot store is located at 1371 Third Avenue, between 78th and 79th Streets. Rapuano represented Elixir and landlord MacArthur Properties.

For more, download the full article in PDF

Mann Report – August 2013 – Winick Realty Group Leases Two New Manhattan Storefronts For Elixir Juice Bar