Currently viewing the category: "Second Quarter 2006"




Flower shop transplanted on Lex

After spending 26 years in the same location, Lexington Flower Shop is leaving 575 Lexington Ave., at the corner of East 51st Street. The building was recently purchased by Silverstein Properties Inc., which did not offer the florist the option of renewing its lease. Sole owner John Kromidas wasn’t ready to hang up his pruning shears, so he signed a 15-year lease for an 800-square-foot shop at 669 Lexington Ave., between East 55th and East 56th streets. “We’re building it out from scratch,” Mr. Kromidas says, adding that he stayed in the same neighborhood in order to cater to his longtime clients. The new shop, slated to open by the end of the month, is roughly the same size as the old one, but it will also have a 1,000-square-foot basement for storage. Winick Realty Group worked with Mr. Kromidas to lease the new space from owner Helmsley-Spear Inc. The asking rent was $250 per square foot for the ground floor. “[The florist has] a solid track record on Lexington,” says Andrew Puleo, the Helmsley-Spear broker who negotiated the deal in-house. “It is a little more upscale and caters to the hotels.”

For more, download the full article in PDF

CRAIN’S-flower shop


The Mystery of Duane Reade

The aisles are an obstacle course, the staff moves at glacial speed, and the prices aren’t even that low. So how did it become the only place you’d ever think to go for your tube of Aquafresh?

Inside the Duane Reade on the corner of Delancey and Ludlow on the Lower East Side, a thick white guy in dusty construction boots ruminates on a display of Ben-Gay and its generic counterparts. “Didn’t know how much they cost,” he mutters as he puts one down and picks up another. “You gotta be kidding me!” he says finally, and stalks out past the dozen other shoppers reading product labels with the quiet deliberation of people considering books from an unknown author. The store looks disheveled and lived-in, as if it had grown organically through years of trial and error, not through anything as prosaic as a retail “planogram.” In the front window display, food is haphazardly stacked next to diapers and window cleaner, and, in a fit of absurdity, only one item has its price tagged: Johnson & Johnson baby powder, $2.99.

Duane Reade ought not to be successful. The prices aren’t particularly low and the staff isn’t particularly helpful. And the often cramped and disorganized stores offend the boutique sensibilities of New Yorkers. “I just happened to be in a Duane Reade, and the entire time I contemplated how poorly planned the shops are,” says Karim Rashid, the industrial designer whose clients range from Acme supermarkets to Armani. “How bromide and miserable and vacuous the place is, how completely unaesthetic. What a poor experience.”

For more, download the full article in PDF

NYM-September 15, 2006 – The Mystery of Duane Reade

Even 25 Years Later Winick Realty Group is Still Cutting Edge

Jeff Winick said he “got the itch” in 1981 to start his own retail real estate company. Fast-forward almost 25 years later and the CEO of Winick Realty Group still hasn’t lost that tingle when it comes to his business.

“We try to be cutting edge and unique in our marketing,” said Winick. “We have a lot of young aggressive brokers who are always working on something new and interesting.”

The latest project for Winick Realty Group is certainly one of a kind. The company was awarded the exclusive marketing and leasing assignment for 400,000 sq.ft. at 808 Columbus Avenue in New York, NY. Jeff Winick and Lori Shabtai, director of Luxury & Brand Retail of Winick Realty Group, will serve as the exclusive leasing brokers for the prestigious property. 808 Columbus Avenue is situated between 97th and 100th Streets on three contiguous New York City blocks. The retail portion will sit at the base of a residential retail building.

For more, download the full article in PDF

TheDealmakers- July 14, 2006 – Even 25 Years Later Winick Realty Group is Still Cutting Edge

Exclusive & Leasing Assignments

Winick Realty Group  has been awarded the exclusive marketing and leasing assignment for 220,000 sq. ft. at 808 Columbus Avenue in New York, NY.  The site is located between 97th Street and 100th Street and will be the first retail development in New York City to offer 220,000 sq. ft. of retail over three contiguous blocks.  Lower Level 1 encompasses 80,000 sq. ft. with 20-foot ceilings and Lower Level 2 comprises 80,000 sq. ft. with 20-foot ceilings.  Tenants will include a supermarket, local retailers, specialty shops, restaurants, fashion shops and home furnishing and improvement stores. 808 Columbus Avenue, which is currently in development, is expected to be completed in 2008.

For more, download the full article in PDF

TheDealmakers-June 30, 2006 – exclusive & leasing assignments


Massoud to open newest restaurant at 236 fifth

Winick Realty Group has completed a 5,000 s/f lease with Philippe Massoud, creator of Washington, DC’s famed NEYLA restaurant.

The new restaurant is located at 236 Fifth Avenue between 27th and 28th Streets. The new restaurant is scheduled to open Winter 2006.

Steven E. Baker, director of Winick Realty Group, was responsible for the transaction and represented the landlord. Leslie Sieben and Benjamin Kahr of JDF Realty represented the tenant.

“236 Fifth Avenue is ideal for a restaurant that desires a location in what is rapidly becoming New York City’s prime restaurant destination,” Steven E. Baker said.

Neighboring retailers in the area include Jo Malone, Origins, MAC, Ann Taylor, Club Monaco, The Gap and Banana Republic.

The Grand Madison, Elad’s new residential conversion stands across the street from 236 Fifth Avenue.

For more, download the full article in PDF

REW-June 7, 2006 – Massoud to open newest restaurant at 236 fifth


NEW YORK CITY — A 220,000-square-foot retail complex has broken ground at the base of the residential building currently under development at 808 Columbus Ave. in Manhattan, New York City. Costas Kondylis designed the mixed-use project, which is scheduled for completion in 2008. Jeff Winick and Lori Shabtai of Winick Realty Group are handling the leasing of the retail portion.

For more, download the full article in PDF