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Long Island City won’t be retail ghost town forever, panel says

LIC-panelLong Island City’s notorious lack of retail was one of the main points at this year’s LIC Summit, with developers and realtors saying they finally see light at the end of the tunnel.

During the summit’s “Retail as Placemaking” panel discussion, which was moderated by Rockrose Development’s Patricia Dunphy, local realtor Donna Drimer said a lack of stores is still a major problem in the area — and it makes it hard for her business Matted LIC to survive.

“It’s horrible. I’m the only destination. There is no place else to go shopping,” she said, “so rather than coming to me, it’s a lot easier to hop back on the 7, go into Grand Central and go wherever and go shopping,” she said.

Aaron Fishbein, who heads up retail real estate at the Winick Realty Group, said he doesn’t believe the problem will continue for too much longer. He said Long Island City is currently in the first wave of retail, which consists largely of fitness, medical and education tenants. Fishbein maintained that this will be followed by a wave of restaurants, which will in turn be followed by big box retail.

“Long Island City is big league. Let’s get that out of the way,” he said, adding that the neighborhood has the key ingredients in transportation, office space, schools, hotels and residential space.

“It has everything,” he said, “so it has the infrastructure, currently, for retail.”

For more, download the full article in PDF

THE REAL DEAL_062017_Long Island City won’t be retail ghost town forever, panel says

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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Real estate leaders discuss maintaining mixed-use identity of Long Island City

lic summit 2017Leaders in real estate, business and government attended the fourth annual LIC Summit on June 20 to discuss the future of Long Island City’s growth.

Hosted by the LIC Partnership at the Museum of the Moving Image, the event brought together stakeholders to discuss how to maintain the neighborhood’s mixed-use identity.

Aaron Fishbein, director of retail real estate at Winick Realty Group, said he is hopeful about retail in the neighborhood. So far, many of the interested clients have been fitness, medical and education tenants.

He calls this the “first wave” of retail tenants and predicts that as more residential buildings attract people to the neighborhood, restaurants will move in, followed by big box stores. He added that the neighborhood “has everything it needs for retail” including transportation options and a growing number of families moving in.

“[Retailers] see the value; they see the lack of competition,” Fishbein said. “There’s a lot of interest.”

For more, download the full article in PDF

queens courier_062017_Real estate leaders discuss maintaining mixed-use identity of Long Island City

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.

Globe Street

Brick And Mortar Being Used For Differentiation

lee-block-258x30020“We are seeing more and more non-traditional companies turning to brick and mortar retail to engage with their customers.” That is according to Lee Block, EVP of Winick Realty Group.

He recently told GlobeSt.com that whether it was short term or long term, a physical retail location allows the retailer to give their customer a different, more unique experience they can’t get online.

Companies like Snap Inc., Line Friends, Trunk Club, BirchBox, Kellogg, Pepsi and Chobani, to name a few, have all made their mark on the NYC physical retail landscape, he explains. “We don’t see this trend ending any time soon.”

And as more and more companies from all different industries look at ways to differentiate themselves from their competition, he expects to see brick and mortar retail being used to that effect. “New York City will continue to be the most sought after destination for such customer engagement by these large, multi-faceted companies.”

And anything you cannot get online is a key trend for brick-and-mortar stores, adds Randee Stratton, managing director of Newmark Grubb Knight Frank, based in the La Jolla, CA office. “This type of retailer will be more relevant than ever and will proliferate in the coming years. Examples of tenants within this category include service types such as spas and salons, restaurant concepts, and online fulfillment centers.”

For more, download the full article in PDF

globe street-061917-Brick And Mortar Being Used For Differentiation

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 Named Exclusive Broker for Two Prime Restaurant Spaces on Behalf of the Brodsky Organization

16 Amsterdam - StorefrontWinick Realty Group President Steven E. Baker and Director Charles Rapuano announced that they have been named the exclusive brokers representing two prime restaurant-ready spaces in the Brodsky Organization’s Manhattan retail portfolio.

The retail at 104 Eighth Avenue is a rare opportunity for a brand to position itself across from Google’s 2.9-million-square-foot New York headquarters. Located between West 15th and 16th Streets in the heart of Chelsea, the storefront consists of 1,250 square feet on the ground floor with 13-foot ceilings and a kitchen already in place. An incoming tenant will be surrounded by a rapidly-changing co-tenancy that includes Just Salad, Caffe Bene, Liquiteria, Bar Works and Juice Press. In addition, the building is situated within walking distance of Chelsea Market, the Maritime Hotel and all major forms of transportation.

In the heart of the Lincoln Center area, the retail at 16 Amsterdam Avenue is coming to market for the first time in 15 years. Currently the Olympic Flame Diner, this vented retail space is located on the Southwest Corner of West 60th Street, steps from John Jay College, Mount Sinai West and Columbus Circle. The property features 2,900 square feet on the ground floor with 50 feet of wraparound frontage and a 250-square-foot enclosed sidewalk cafe, as well as 1,500 square feet in the lower level. An incoming tenant will be part of a growing, affluent residential neighborhood that includes co-tenants such as Vanguard Wine Bar and Soul Cycle.

“We are pleased to once again be working on behalf of the Brodsky Organization to lease two of the best restaurant spaces currently on the market,” said Baker. “These prime availabilities are located in two of the most dynamic neighborhoods in Manhattan and we look forward to adding new value to these buildings and blocks with the incoming tenants.”

For more, download the full article in PDF

citybiz-061817-Winick Realty Group Named Exclusive Broker for Two Prime Restaurant Spaces on Behalf of the Brodsky Organization

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 Brings Exclusive Colombian Coffee Roaster to TF Cornerstone’s 300 Livingston Street

300 livingstonThe retail at 300 Livingston Street is poised to draw from such diverse populations as office workers; shoppers from the Fulton Mall; upscale residents from the thousands of new constructions in the neighborhood; students from nearby universities and MetroTech; and tourists populating the area’s many hotels, including the new Ace Hotel that is set to open across the street.

“The building at 300 Livingston Street is uniquely situated between two of Brooklyn’s fastest-growing neighborhoods and, specifically, it is positioned on the traffic path that leads Boerum Hill residents to the many area train stations,” said Winick Realty Group President Steven E. Baker. “This accessibility helped draw Devocion to 300 Livingston Street and will help to make them a staple to the neighborhood.”

Baker, along with Winick Realty Group’s Aaron S. Fishbein and Daniyel Cohen, represented landlord TF Cornerstone. Devocion was represented by Covell Consulting.

“We are proud to welcome Devocion to 300 Livingston Street,” said Steve N. Gonzalez, director of retail leasing at TF Cornerstone. “They offer a unique concept that will greatly serve the 714 residential units in the building, as well as the ever evolving retail landscape of Downtown Brooklyn and Boerum Hill.”

Founded in 2006 in Colombia and then brought to New York in 2013, Devocion’s second Brooklyn location, which will open in late 2017, will occupy the prime corner location of the building at Livingston and Bond Streets. The street level space boasts 17-foot ceilings, as well as eye-catching, all-glass corner frontage.

The new 40-seat café will offer the brand’s trademark farm-fresh direct trade coffee, in addition to a variety of in-house freshly baked pastries and sandwiches. With a network of over 400 microlot farms throughout Colombia, Devocion is the only true farm-to-table coffee roaster serving the freshest coffee in the U.S. as they overnight their beans from Bogota to their Williamsburg showroom via FedEx for roasting in as little as 10 days from “green state.”

“Our second New York location is, to some degree, more important than our first, so I am excited to have found such a great location in Brooklyn that is evolving quickly,” said Steven Sutton, founder of Devocion. “We are thrilled to have found a landlord that understands the needs of their tenants and look forward to servicing all of the residents at 33 Bond, as well as those customers from all around the area.”

Baker, Fishbein and Cohen are continuing to market the remaining retail at 300 Livingston Street, which ranges from 1,500- to 5,500-square-foot spaces. They are actively speaking with a variety of similarly-upmarket retailers—including artisanal food services, pantry operations, home goods and high-quality restaurants—who will create a strong co-tenancy for the building.

For more, download the full article in PDF

citybiz-061917-Winick Realty Group Brings Exclusive Colombian Coffee Roaster to TF Cornerstone’s 300 Livingston 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.

Real Estate Weekly

Winick marketing two prime restaurant spaces for Brodsky Organization

104 8 - 4Winick Realty Group President Steven E. Baker and Director Charles Rapuano announced that they have been named the exclusive brokers representing two prime restaurant-ready spaces in the Brodsky Organization’s Manhattan retail portfolio.

The retail at 104 Eighth Avenue is a rare opportunity for a brand to position itself across from Google’s 2.9-million-square-foot New York headquarters. Located between West 15th and 16th Streets in the heart of Chelsea, the storefront consists of 1,250 square feet on the ground floor with 13-foot ceilings and a kitchen already in place. An incoming tenant will be surrounded by a rapidly-changing co-tenancy that includes Just Salad, Caffe Bene, Liquiteria, Bar Works and Juice Press. In addition, the building is situated within walking distance of Chelsea Market, the Maritime Hotel and all major forms of transportation.

In the heart of the Lincoln Center area, the retail at 16 Amsterdam Avenue is coming to market for the first time in 15 years. Currently the Olympic Flame Diner, this vented retail space is located on the Southwest Corner of West 60th Street, steps from John Jay College, Mount Sinai West and Columbus Circle. The property features 2,900 square feet on the ground floor with 50 feet of wraparound frontage and a 250-square-foot enclosed sidewalk cafe, as well as 1,500 square feet in the lower level. An incoming tenant will be part of a growing, affluent residential neighborhood that includes co-tenants such as Vanguard Wine Bar and Soul Cycle.

“We are pleased to once again be working on behalf of the Brodsky Organization to lease two of the best restaurant spaces currently on the market,” said Baker. “These prime availabilities are located in two of the most dynamic neighborhoods in Manhattan and we look forward to adding new value to these buildings and blocks with the incoming tenants.”

For more, download the full article in PDF

rew_061617_Winick marketing two prime restaurant spaces for Brodsky Organization

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.