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New York Observer

Sneaker Stores Are a Shoe-in for Landlords, Especially in Midtown

 

Zach Diamond of Winick Realty Group represented the rapper Fat Joe in finding the space for his retail specialty store Up NYC, which opened this past November at 3806 Broadway between West 158th and West 159th Streets in Washington Heights.

He said the 2,500-square-foot space is succeeding due to sneakers’ evolving status as prized collectables, or valued items that fetch a sizable markup on resale.

“[Up NYC sells] higher-end Nike and Jordan brands which are limited edition,” Diamond said. “The whole sneaker craze now is that people are waiting in line for three days just to buy shoes at, let’s say, $300, and once they get them, they turn them for $500.”

Diamond recalled how, when the Washington Heights store opened, Fat Joe carried 10 exclusive models.

“The lines [in front of the store] started on Wednesday, and the opening was Saturday,” he said, noting that the opening featured appearances by rappers including Remy Ma and 50 Cent. “There were lines three blocks down the street before the store even opened. It was crazy.”

For more, download the full article in PDF

NY Observer-032917-Sneaker Stores Are a Shoe-in for Landlords, Especially 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.

Citybizlist

Winick Realty Group Named Exclusive Broker for Artists & Fleas

daniyel-cohen-print-ver-profile-001Winick Realty Group proudly announced that the company has been named the exclusive broker representing Artists & Fleas in their Manhattan expansion. Director Aaron S. Fishbein and Associate Daniyel Cohen are working with the brand to find flagship locations on main shopping corridors throughout Manhattan, with a particular emphasis on SoHo.

Artists & Fleas creates curated retail marketplaces that offer a dynamic retail experience where customers can shop from, interact with and discover one-of-a-kind products made by local designers, artists, and independent brands. Vendors selling items such as clothing and jewelry, art, design and home goods, are rotated in and out of the space, ensuring that the Artists & Fleas experience is never the same twice.

“Artists & Fleas is the future of retail,” said Fishbein. “As online sales encroach more and more on the traditional retail business, shops have had to become more experiential. Artists & Fleas has been a pioneer in this market since 2003, offering an incredibly dynamic shopping experience that attracts customers of all ages and from all walks of life.”

Since its founding in 2003, the company has grown to operate four locations—Chelsea Market and Williamsburg in New York, and Abbot Kinney, Venice and the Arts District in Los Angeles—that have hosted 250+ merchants and more than 25,000 visitors on a weekly basis.

“We are proud to have curated four distinct marketplaces since 2003, catering to local communities with one-of-a-kind shopping experiences,” said Amy Abrams of Artists & Fleas. “We look forward to bringing Artists & Fleas to SoHo, a neighborhood we regard as both a creative and shopping capital of Manhattan and a destination for both locals and tourists who appreciate the type of exciting retail concept that Artists & Fleas creates and provides.”

For more, download the full article in PDF

citybiz-032217-Winick Realty Group Named Exclusive Broker for Artists & Fleas

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

Artists & Fleas taps Winick Realty Group as its exclusive broker

artists & fleasExperiential retail pioneer Artists & Fleas has tapped Winick Realty Group as its exclusive broker in their Manhattan expansion.

Director Aaron S. Fishbein and Associate Daniyel Cohen are working with the brand to find flagship locations on main shopping corridors throughout Manhattan, with a particular emphasis on SoHo.

Artists & Fleas creates curated retail marketplaces that offer a dynamic retail experience where customers can shop from, interact with and discover one-of-a-kind products made by local designers, artists, and independent brands. Vendors selling items such as clothing and jewelry, art, design and home goods, are rotated in and out of the space, ensuring that the Artists & Fleas experience is never the same twice.

“Artists & Fleas is the future of retail,” said Fishbein. “As online sales encroach more and more on the traditional retail business, shops have had to become more experiential. Artists & Fleas has been a pioneer in this market since 2003, offering an incredibly dynamic shopping experience that attracts customers of all ages and from all walks of life.”

Since its founding in 2003, the company has grown to operate four locations—Chelsea Market and Williamsburg in New York, and Abbot Kinney, Venice and the Arts District in Los Angeles—that have hosted 250+ merchants and more than 25,000 visitors on a weekly basis.

“We are proud to have curated four distinct marketplaces since 2003, catering to local communities with one-of-a-kind shopping experiences,” said Amy Abrams of Artists & Fleas. “We look forward to bringing Artists & Fleas to SoHo, a neighborhood we regard as both a creative and shopping capital of Manhattan and a destination for both locals and tourists who appreciate the type of exciting retail concept that Artists & Fleas creates and provides.”

For more, download the full article in PDF

rew_032117_Artists & Fleas taps Winick Realty Group as its exclusive broker

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 deal logo

Landlords look to pull Fifth Ave. north of GM Plaza

59th-night-snapchat-cropHarry Macklowe famously transformed Fifth Avenue retail when he brought the Apple cube to the base of the General Motors Building in 2006. Now, 10 years later, the GM Building’s neighbors have a similar idea, but this time they’re thinking in two dimensions.

Property owners on East 59th Street are repositioning retail spaces looking out onto the GM Plaza in the hopes of creating a shopping “square” that piggybacks on the recent Cartier and Under Armour deals, anchoring the north end of the plaza the way that Bergdorf Goodman does on the southern end.

And early signs indicate the changes will pay off.

Techies have lined up outside Snapchat’s pop-up shop at 5 East 59th Street ever since it opened in late November in the building that once served as home to the Playboy Club, which owners GreenOak Real Estate and Capstone Equities overhauled earlier this year.

The partners quickly bought out the Italian restaurant Bottega del Vino and several office tenants above. They’re marketing the property now as a 40,000-square-foot combination space, looking for a single tenant that will sell trendy wares off the ground floor and use the ones above for offices or showroom space once Snapchat’s short-term lease is up.

One of the major selling points is the building’s 5,000-square-foot façade that can be used as an eye-catching sign seen across the plaza.

“I think part of the appeal is that it’s the only unencumbered building you can occupy in this neighborhood and use the façade as frontage,” said Kelly Gedinsky of Winick Realty, which is marketing the space. “It’s visible as far as Park Avenue in the 50s and 7th Avenue.”

For more, download the full article in PDF

the-real-deal_122116_landlords-look-to-pull-fifth-ave-north-of-gm-plaza

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 Real Estate Journal

Year in Review Spotlight

What was your most notable project, deal, transaction or professional achievement in 2016?

kelly-gedinsky-258x300182016 has been an exciting year overall, but I would have to say that leasing 5 East 59th Street to Snapchat would be the most notable deal of this year. When Darrell Rubens, Lee Block and I began marketing the building, we had always envisioned an experiential retail who would utilize the building’s branding as part of the deal. Eventually we were able to share our vision with the CEO of Snapchat and not only did he agree, but he fell in love with the idea. Snapchat launched their first product, Spectacles, in the location, and so far the lines have been so long that it has created a media sensation. As a broker, there is nothing more satisfying than procuring a brand new brand and having the location we chose become a tremendous success for that new brand.

For more, download the full article in PDF

NYRE Journal_122016_Year in Review Spotlight

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 deal logo

Inside Moinian Group’s holiday party

ross-burack-and-kelly-gedinskyYou’d think Marc Holliday, who made $23 million as CEO of SL Green Realty in 2015 alone, would dish out cash for the latest gadgets.

But on Tuesday night he whipped out a near-ancient iPhone 5 to jokingly pretend to take family photos of the Moinians – much to the delight of Mitchell Moinian. As soon as he saw Holliday’s device, the real estate executive, and son to Moinian Group CEO Joseph Moinian, pulled out his own medieval clunk: the exact same model.

If out-of-date phones become a trend among high-powered developers, you read it here first.

What else did we learn at the Moinian Group’s annual holiday party? Deals are still being done, the industry’s mood is cautiously optimistic, and the Far West Side is slowly but surely growing into its own.

“It’s an emerging market,” said SRS Real Estate Partners retail broker Mark Kapnick, who was chatting with Newmark Grubb Knight Frank’s Jeffrey Roseman. In September, Kapnick had brokered Volvo’s 60,000-square-foot lease at Moinian’s Sky tower (the holiday party was held next door at 635 West 42nd Street) at what he said was an asking rent of $6 million per year. A special zoning that makes running a car shop easier helped get the deal done.

“It’s like a liquor license when no one else has it,” he said.

Holliday spoke of the prospect of lighter bank regulations under a Trump administration. The business community is hopeful that Trump, who is set to take office on Jan. 20, takes a look at reforming some of the more unreasonable regulations, he said.

Also spotted: Vector Group’s Howard Lorber, Meridian Capital Group’s Ralph Herzka, Empire Capital Holdings’ Josh Rahmani, the Amirian Group’s David Amirian, Winick Realty’s Jeff Winick, Iron Hound Management’s Rob Verrone and Greenberg Traurig’s Robert Ivanhoe.

Photo Credit: Adam Pincus

For more, download the full article in PDF

the-real-deal_121316_inside-moinian-groups-holiday-party

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.