Currently viewing the category: "First Quarter 2007"

Retailers love happy feet

National chains transform Manhattan’s most trafficked corridors

Even entire crowds can go upscale. While Manhattan’s most popular shopping streets, like 34th Street and 14th Street, continue to attract throngs, they are also gradually expanding or transforming themselves, while other areas are now beginning to come into their own as shopping districts.

On an informal list of the top 10 most-trafficked retail intersections put together by brokerage Newmark Knight Frank, 34th Street and Seventh Avenue came in first. The Business Improvement District for the area recorded upwards of 9,000 people per hour coming and going at peak times. (By contrast, 42nd and Fifth Avenue, which is ranked eighth on the list, has 6,600 pedestrians per hour at peak hours.)

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THE REAL DEAL-January 2007 – Retailers love happy feet. National chains transform Manhattan’s most trafficked corridors





Financial District celebrates arrival of first market in 30 years

Winick Realty has brought the Financial District its first supermarket in over 30 years.

Gristedes Supermarket will open a 7,500 s/f store at 90 Maiden Lane, between Pearl and Williams Streets.

Jeff Winick, the CEO and founder of Winick Realty, along with Lori Shabtai, director of Luxury and Brand Retail, Darrell Rubens, managing director, and Angelina DeRichie represented both the ownership, 80-90 Maiden Lane Dell LLC, and the tenant.

Winick was recently appointed exclusive leasing agent of the ownership.

“Wall Street was once thought of as a place limited to business. Today we are seeing the evolution of this area into a true 24-7 neighborhood,” said Rubens. “We are pleased to offer its 30,000 new residents a supermarket that will become a neighborhood staple.

“In the last three years, our company has leased space along the block to Gold’s Gym, Montessori Day School, Chipotle, Lenny’s, Zen Palette, Haru; and we are working on several other projects in the area.”

Wall Street is in the throes of a dramatic transformation. Directly across the street from 90 Maiden Lane, Rockrose is building Phase 2 of 2 Gold Street, which will contain 850 apartments and a 440-room hotel–with restaurants open 24 hours a day. While the neighborhood amenities are opening along this corridor, luxury retailers are opening just south, on Wall and Broad Streets.

Winick has recently completed leases with Canali and Thomas Pink, which will be joining Hermes, Tiffany & Co. and BMW at the base of the new luxury apartments.

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REW-March 21, 2007 – Financial District celebrates arrival of first market in 30 years




Shop The Street

High-end retailers are banking on big bucks in the Financial District

LAST YEAR’S NEWS THAT TIFFANY & CO. and Hermès were setting up shop on Wall Street sent shivers through the retail kingdom. It also sent high-end retail reps scurrying to find their own downtown digs: Barneys New York, Prada, Gucci, Cartier, Coach, Tod’s and Bulgari are all checking out space in the Financial District.

And with many more people calling the Financial District home, everyday retail is moving in nearby as well.

Gristedes just leased a 7,500-foot market at 90 Maiden Lane, while another grocer and several restaurant groups are looking at 20 Exchange St., notes Darrell Rubens, managing director of Winick Realty Group, who represented Nathan Berman’s Metro Loft Management in the Thomas Pink deal as well as Swig Equities in Canali’s. He is currently working on filling Donald Trump’s large banking hall space at 40 Wall St.

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NY Post-March 21, 2007-High-end retailers are banking on big bucks in the Financial District

Downtown retail condo attracts a lot of attention

Winick Realty Group has been appointed  the exclusive broker for 281 Broadway, a retail space of three levels, high ceilings and a beautiful glass façade at the base of a condominium building right in the heart of downtown Manhattan.

Bordering with Tribeca and Ceity Hall, this retail space (15,000 s/f and 75 feet of frontage on Broadway) can cater to various high-end uses.

281 Broadway is the latest project from Feldman Realty Group, which owns a handful of buildings in the surrounding neighborhood. 

Feldman Realty is retaining ownership of the retail condo, while John Buck Company, a Chicago-based developer, is erecting a 20-story residential luxury building with 84 condo units.

“We have got many offers, and construction hasn’t even started yet.  The area is booming with development sites with properties, such as 200 Chambers and 101 Warren, attracting even more new businesses. 281 Broadway will certainly be a valuable addition to this process,” commented Darrell Rubens, of Winick Realty Group.

Jeff Winick, CEO and founder of Winick Realty, along with Rubens, Managing Director, Angellina DeRichie, and Alexis Feldman from Feldman Realty Group, are working together to bring the right tenant to the building.

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REW-March 21, 2007-Broadway 281

Whole Foods Definitely, Totally Coming to the UWS

It’s finally official: An eagle-eyed tipster alerts us to a press release that we somehow managed to overlook last month, stating that Whole Foods has signed a lease on the Upper West Side. As previously speculated, the store will be located at 808 Columbus, the 29-story residential tower located between 97th and 100th Streets. The store will cover 57,000 square feet on two levels. A reader writes, “As a condominium owner/resident on W 94th Street, I am totally psyched. Now about that rumor of Trader Joe’s coming to West 93rd Street…” And the countdown to opening day begins.

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Racked_Whole Foods Definitely


Thomas Pink Muscles Downtown to Wall Street

The upmarket men’s clothier Thomas Pink is moving downtown.

Pink has landed a ground-floor lease at 63 Wall Street for just under 4,000 square feet, a broker involved in the deal confirmed.

The high-end British retailer, which sells $200 dress shirts and $100 ties, already has stores at the Time Warner Center, 520 Madison Avenue and 1155 Avenue of the Americas.

The lease at 63 Wall Street is for 10 years, at a space with an asking rent of $200 per square foot. It should be ready for a summer opening.

Darrell Rubens of Winick Realty Group, who brokered the deal, said Pink was only one of many elite midtown retailers who were fighting over this address.

“We had just about every major Fifth Avenue tenant looking at it,” said Mr. Rubens.

Indeed, since Tiffany & Co. and Hermès announced downtown leases last year, tenants and brokers alike have been fleeing to Wall Street to find any and all open space.

Angellina DeRichie also worked on the deal for Winick.

This deal caps a dizzying few weeks of trading downtown for Mr. Rubens and Ms. DeRichie. Those two, along with other brokers at Winick Realty, just completed deals with the men’s clothing store Canali at 25 Broad Street and with John Catsimatidis’ Gristedes at 90 Maiden Lane. 

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NY Observer-March 7, 2007-Thomas Pink