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Real Estate Weekly

Upscale eateries Dépanneur and Simó Pizza take TFC space at luxury 33 Bond

TF Cornerstone and Winick Realty Group announced retail leases with Dépanneur and Simó Pizza at the base of TFC’s 33 Bond, a 714-unit luxury residential rental building in Downtown Brooklyn.

Dépanneur and Simó Pizza are taking a combined 4,504 s/f along the base of the retail strip located at 300 Livingston Street. The retailers will join Chelsea Piers and Colombian coffee roaster Devoción, rounding out TFC’s roster of retail tenants.

Dépanneur, a pioneer in upscale and locally sourced provisions and takeaway, focuses on bringing the best ingredients and foodstuffs to their customer.

Depanneaur, which will be launching an additional two stores from its Williamsburg flagship, leased two separate retail spaces, with approximately 62 feet of all-glass Livingston Street frontage between them.

The first, measuring 1,820 s/f, will be similar to the high-end markets the company currently operates in Williamsburg and Clinton Hill. The second measures 1,051 s/f, will be another component to Dépanneur‘s shop.

Simó Pizza, a fast-casual pizza dining concept was derived by owner Simone Falco. He was inspired for this restaurant by his renowned Neapolitan eatery Rossopomodoro in the West Village and his Rossopomodoro locations within Eataly USA.

This second location at 33 Bond will occupy a 1,633 s/f space adjacent to Dépanneur, with 36 feet of all-glass frontage, 17-foot ceilings and offering guests a taste of Napoli in 90 seconds.

A Winick team comprised of Steven Baker, Aaron S. Fishbein and Daniyel Cohen worked alongside Steve N. Gonzalez of TFC to secure the leases on behalf of the developer.

A Ripco team of Andrew Clemens and Ben Weiner represented Dépanneur. Simó Pizza was represented in-house in its lease.

An additional 3,500 s/f of retail remains available.

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rew_121417_Upscale eateries Dépanneur and Simó Pizza take TFC space at luxury 33 Bond

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

Demise of retail has been greatly exaggerated

The annual ICSC New York conference kicked off this year by confronting the elephant in the room head on through a marketing campaign.

Large billboards in the Javits Center, along with online and print ads touted the website shoppingforthetruth.com, part of a campaign by ICSC called “The Truth,” which seeks to dispel rumors about the industry and “learn the truth about the evolution of retail real estate,” according to one print ad.

It was a clever way to handle the changes the industry is going through at the moment, changes that some New York brokers said haven’t hit the local market as hard as the rest of the country.

“I’m definitely optimistic,” said Danielle Winick, of Winick Realty. “I’m incredibly busy and I’m positive about it, and I’m looking forward to a new year starting off strong with some deals that are going to push through then and close.”

Winick said landlords are changing their perspective and becoming more reasonable, like allowing more short-term deals and pop-ups, something they may not have considered previously.

“I know there’s a lot of articles about retail dying, but in a city like New York, I don’t think it’s as relevant,” said Winick. “There’s so much tourism, there’s so much office density and residential density, that people are always going to want places to go to get out of the house. GO look, feel, touch, and it’s about retailers evolving a little bit and just kind of changing the way they see it.”

For more, download the full article in PDF

rew_121217_Demise of retail has been greatly exaggerated

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

Deli, Pizza Joint Ink Deals at TF Cornerstone’s DoBro Rental

A convenience store (in two leases) and a restaurant will take more than 4,500 square feet at TF Cornerstone’s new 714 unit rental project in Downtown Brooklyn at 33 Bond Street, Commercial Observer has learned.

Dépanneur, a Brooklyn-based store that calls itself a “better bodega,” has signed two leases at 300 Livingston Street (the retail portion of 33 Bond Street) for two separate ground-floor spaces, according to Winick Realty Group.

The larger of the spaces, which is 1,820 square feet, will be an upscale “corner store” similar to the ones the company has in Williamsburg at 242 Wythe Avenue at North 3rd Street and in Clinton Hill at 519 Myrtle Avenue at the corner of Grand Avenue.

Dépanneur’s second space at 300 Livingston Street will encompass 1,051 square feet, and there it is working on a new concept, according to a Winick spokeswoman.

Both Dépanneur deals are for 15 years and the stores are expected to open in the second quarter of 2018. The asking rent in the deals was $125 per square foot.

Winick’s Steven Baker, Aaron Fishbein and Daniyel Cohen handled the deals for the landlord alongside TF Cornerstone’s Steve Gonzalez in-house. Ripco Real Estate’s Andrew Clemens and Ben Weiner, who represented Dépanneur in the deals, did not immediately respond to a request for comment.

In addition to the transactions with Dépanneur, fast-casual pizza restaurant Simó Pizza has signed a 10-year deal for a 1,633-square-foot space on the ground floor of 300 Livingston Street. Simó Pizza, created by Italian chef and restaurateur Simone Falco, did not have a broker in the deal. It is also expected to open in the second quarter of 2018. The asking rent was $125 per square foot as well.

“Dépanneur and Simó Pizza are ideal tenants for the unique retail mix we’re in the process of curating at… 33 Bond Street,” Baker in a prepared statement. “From a strategy standpoint, the retailers we’ve secured leases for represent the best possible value to the neighborhood. Additionally, they offer residents of 33 Bond with an amenity that positively contributes to their active lifestyles.”

Simó Pizza and the Dépanneur stores will join a 52,000-square-foot fitness concept by Chelsea Piers, which signed a lease at 33 Bond Street in July, as CO previously reported.

For more, download the full article in PDF

NY Observer-121117-Deli, Pizza Joint Ink Deals at TF Cornerstone’s DoBro Rental

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

Street Retail Looks to Malls in Figuring Out Ways to Cope With Big Rents

While malls and shopping centers are looking for ways to save themselves from crushing retail headwinds, at least one group thinks they’ve got something to learn from them: street retail.

The guys with the shops on the sidewalk are taking a page out of their playbook when it comes to structuring deals.

Young retail companies, e-commerce brands and even some legacy retailers looking for a brick-and-mortar presence are asking for terms long found in shopping centers—low base plus a percentage rent (meaning the retailer pays the landlord a certain percent of every dollar in sales over a certain threshold).

These deal structures aren’t confined to less trafficked and less high-profile areas of the city.

Lee Block, an executive vice president at Winick Realty Group, said that while he hasn’t closed any deals that incorporate a percentage-rent component, “we’re considering it on a handful of spaces that we represent.” That was the message conveyed by many brokers and landlords with whom Commercial Observer spoke.

For more, download the full article in PDF

NY Observer-120717-Street Retail Looks to Malls in Figuring Out Ways to Cope With Big Rents

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

IN PHOTOS: ICSC NY 2017 conference at the Javits Center

New York’s annual ICSC Deal Making conference kicked off yesterday, Dec. 6, at the Javits Center.

Attendance is expected to top 11,000 for the first time, which would set a conference record, up from last year’s roughly 10,300 attendees, according to Timothy McGuinness, ICSC’s vice president of global trade expositions. The show has been held at the Javits Center since 2014, but this year’s conference space is to increase by 25 percent, to nearly 221,000 square feet.

For more, download the full article in PDF

rew_120717_IN PHOTOS ICSC NY 2017 conference at the Javits Center

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.

ICSC New York from the floor

The International Council of Shopping Centers’ annual New York Deal Making conference kicked off Wednesday, with thousands of brokers, owners and other real estate professionals arriving at the Jacob K. Javits Center on Manhattan’s West Side for the first day of the two-day event.

Agents from the top firms as ranked this month by The Real Deal, such as RKF’s Ariel Schuster, Winick Realty Group’s Jeff Winick, Cushman & Wakefield’s Joanne Podell and Newmark Knight Frank’s Jeff Roseman, were looking to find, advance or close deals.

The crowd ebbed and flowed, and brokers speaking with TRD had a hard time deciding if the event was more or less crowded than in prior years. ICSC, for its part, expects about 10,000 attendees will walk the show.

The show comes as retail deals are taking longer to close and are more complex, insiders said.

For more, download the full article in PDF

THE REAL DEAL_120717_ICSC New York from the floor

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.