Currently viewing the category: "Fourth Quarter 2006"






The former Episcopal church that once housed the sacrilegious Limelight nightclub will be born again – as a retail mini-mall. Now known as the Avalon nightclub, the legendary 12,000-square-foot venue on Sixth Avenue at West 20th Street will shutter its doors in early 2007.

“The landlord has decided that he doesn’t want to go forward with another nightclub,” said broker Frank Terzulli, of Winick Realty Group.

“He’s going to cut it up for retail tenants and a restaurant with patio seating.”

Terzulli added, “The area is becoming more upscale with high-priced condos and stores, and that will make it more difficult to get permits from the community board” for a nightclub.

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Chow Heading South

Bringing the best of New York to Miami, Winick Realty Group announced it has secured 9,000 SF for Philippe Restaurant by Philippe Chow to be located outside the posh new Gansevoort South Hotel in Miami.

Philippe Chow and Stratis Morfogen, co-owners of Philippe Restaurant, a contemporary Chinese restaurant located at 33 East 60th Street in New York City, are slated to open their second restaurant on the corner of Collins Avenue and 23rd Street un South Beach, Miami.

Lori Shabtai, director of luxury and brand retail, and Jeff Winick, CEO, of Winick Realty Group represented both the landlord, Sandy Lane Retail and Philippe Restaurant by Philippe Chow.

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REW-November 29, 2006-CHOW HEADING SOUTH





Retail following the leaders

As the population if lower Manhattan continues to grow at a feverish pace, the neighborhood is rapidly evolving to accommodate retail and residential needs.

In the newly renovated 2 Gold Street building, Rockrose Development has created 650 new luxury residential units with over 25,000 SF of retail space, the majority of which is slated for high-end retail brands looking to take advantage of the influx of wealthy residents.

Winick Realty Group has secured a lease on behalf of the landlord for approximately 15,000 SF, the last remaining retail space at the base of this 51 story luxury hi-rise. Sovereign Bank will occupy the corner of Gold Street and Maiden Lane, while the corner of Gold and Platt Street will soon be home to a new chic 24 hour restaurant. Also looking to take advantage of the new high wealth residents will be the Montessori Preschool, which will occupy the entire second floor above the restaurant

“Since the first tenants moved into 2 Gold Street in March 2005, the building has seen a vast emergence of young, wealthy business professionals, many of whom are starting families,” said Darrell Rubens, managing director at Winick Realty Group.

In the last year, Winick has been securing exclusive deals at the surrounding buildings; 22,000 SF to Gold’s Gym at 90 John, 6,000 SF to Haru at One Wall Street Court, and three new deals on Maiden Lane to be announced soon.

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Rockrose just landed its first retail tenant at East Coast, its new luxury rental apartment project in Long Island City. And guess what – it’s Duane Reade! (You expected Harrods?)

The ever-expanding drug/convenience retailer inked a 15-year lease for 10,000 square feet. Duane Reade was repped by Winick Realty’s Jeff Winick.

Rockrose VP Patricia Dunphy said 20,000 more square feet next door are being targeted for a food market.

East Coast consists of two towers – the first is already 80 percent occupied. The Duane Reade will open in 2008 when the second tower is finished.

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NY Post-November 28, 2006 – Space Race

Kingswood Center in Midwood Has Topping Out

Retail-Office Center Said To Be ‘Largest Development in 25 Years’

AVR Realty Co., Massey Knakal Realty Services and New York City Councilman Michael C. Nelson hosted a topping out ceremony for the Kingswood Center in Midwood last week. The Kingswood is a new 140,000-square-foot mixed-use retail and office building being built by AVR on East 15th Street and Kings Highway. It already boasts three major tenants — including a new supermarket, a New York Sports Club facility and the Visiting Nurse Service of New York.

“It is also an outstanding example of cooperation between government, private industry and the local community,” said Timothy King, Massey Knakal COO. Massey Knakal is AVR’s representative and advocate in leasing efforts; Councilman Nelson was instrumental in securing the new supermarket.

New York Sports Club was represented in its lease agreement by Diana Boutross of Winick Realty; The Visiting Nurse Service was represented by Tara Stacom of Cushman and Wakefield.

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Brooklyn Daily Eagle-2006-Kingswood Center in Midwood Has Topping Out