Currently viewing the category: "Third Quarter 2016"

New York Observer

CVS to Reopen at Base of What Will Become Coney Island’s Tallest Tower

cvs-coney-islandRejoice, Coney Island residents! Your local CVS/pharmacy will return.

CVS has signed a new 11,300-square-foot lease at 532 Neptune Avenue—a planned 42-story residential building and retail structure that will replace Trump Village Shopping Center, which currently houses the drugstore.

The pharmacy will occupy a portion of the retail section of the planned 576-unit building between West 5th and West 6th Streets, which will be Coney Island’s tallest tower at 430 feet, landlord Cammeby’s International announced Wednesday.

Cammeby’s declined to disclose the asking rent and the length of the lease. A team of Jeff Winick, Lee Block and Darrell Rubens of Winick Realty Group represented the landlord in the transaction, while CVS did not have a broker.

“CVS/pharmacy, which has served the Coney Island community for years at this location, provides a vital service to residents, and we could not be more pleased that they have decided to be part of the new neighborhood destination we are creating here,” Jacob Cohen of Cammeby’s said in prepared remarks.

The retail section of the building will be completed in June 2017. Trump Village Shopping Center will be demolished in phases that will allow the current CVS to operate at the site until the new store is constructed in late-2017.

“We’re thrilled to be a part of the community and offer our best-in-class pharmacy services, along with convenient access to health and beauty products as well as better-for-you snacks,” a CVS spokeswoman said.

Cammeby’s 532 Neptune Avenue is a portion of a project called Neptune/Sixth, which includes a separate standalone seven-story retail and office building at 626 Sheepshead Bay Road. That building is under construction and expected to be completed next summer.

For more, download the full article in PDF

ny-observer-093016-cvs-to-reopen-at-base-of-what-will-become-coney-islands-tallest-tower

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

Hell’s Kitchen-Based Cuban Restaurant Opening Queens Location

family-restaurantGuantanamera, a restaurant based in Hell’s Kitchen, has signed a deal for an outpost in Queens at 110-80 Queens Boulevard in Forest Hills, according to Winick Realty Group.

The eatery signed a 5,986-square-foot lease, which includes 2,986 square feet on the ground floor and 3,000 square feet in the basement of the building between 73rd Road and 75th Avenue. The asking rent in the 10-year deal, which comes with an option to renew for five years, was $17,500 a month, a spokeswoman for Winick.

“Guantanamera saw a void in this neighborhood for the style of cuisine, level of service and ambiance that they offer, and so they felt this would be the perfect location for their first Queens restaurant,” Daniel DePasquale of Winick, who represented landlord Traymore Associates, said in a prepared statement.

The new restaurant is expected to open in mid-November and will offer a menu similar to its sister location in Manhattan at 939 Eighth Avenue between West 55th and West 56th Streets. Mario Zarate, who owns Guantanamera, also owns Amor Cubano at 2018 Third Avenue between East 111th Street and East 110th Street, also known as Tito Puente Way.

Zarate, who did not have a broker in the transaction, did not immediately respond to a request for comment.

Guantanamera’s Queens eatery will be replacing the Family Restaurant, which closed earlier this year, according to DNAinfo.

For more, download the full article in PDF

ny-observer-093016-hells-kitchen-based-cuban-restaurant-opening-queens-location

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

Fashion brand Olive & Bette relocating to 1156 Madison Avenue

olive-and-bettes-mainimage-3b1d2_l-938x400Women’s fashion boutique Olive & Bette’s has signed a lease to relocate their Upper East Side shop.

The brand is set to occupy 1,206 s/f of ground floor retail at Brodsky Organization’s 1156 Madison Avenue, located between East 85th and 86th Streets.

“Ownership was familiar with the brand and their great track record of serving the Upper East Side for more than a decade,” said Winick Realty Group President Steven E. Baker, who represented landlord Brodsky Organization along with Winick Realty Group Director Charles Rapuano and Associate Daniyel Cohen.

“They knew that Olive & Bette’s would be a great amenity for the building and an excellent addition to the high-end retail offerings in the neighborhood.”

This new location is expected to open in Q1 2017, with Olive & Bette’s expecting some overlap between this store and the one at 1070 Madison Avenue, which is closing. Olive & Bette’s joins Dean & Deluca at 1156 Madison Avenue.

“We are happy to have Olive & Bette’s join the retail at 1156 Madison Avenue and we are confident they will be a great addition to this high-end neighborhood,” said Alexander Brodsky, Principal at Brodsky Organization.

Olive & Bette’s was represented by Chris Owles of Sinvin.

For more, download the full article in PDF

rew_093016_fashion-brand-olive-bette-relocating-to-1156-madison-avenue

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.

brooklyn daily eagle logobrooklyn-daily-eagle-logo

CVS coming to Neptune/Sixth in Coney Island

cvs-coney-islandA new retail/residential development currently under construction in Coney Island is starting to attract commercial tenants, according to the property developer.

Cammeby’s International Group, the real estate firm handling Neptune/Sixth, a new mixed-use development going up at 532 Neptune Ave. and 626 Sheepshead Bay Road, announced on Sept. 28 that CVS Pharmacy has signed a lease to occupy a portion of the retail space at 532 Neptune Ave.

Under the lease, CVS Pharmacy will occupy approximately 11,300 square feet of ground-floor retail space in the building.

Until the space is ready, the pharmacy will be temporarily located at the corner of Neptune Avenue and West Sixth Street.

“As a community-oriented development, Neptune/Sixth aims to enhance the area by creating more modern accommodations for existing businesses — like CVS — as well as for new retailers that will add to Coney Island’s vitality,” Jacob Cohen of Cammeby’s said in a statement.

Neptune/Sixth is a redevelopment of the former Trump Village Shopping Center and Royal Palace Baths. The new development will house a variety of services and retail options, while adding new amenities like parking, according to Cammeby’s.

Construction on the development’s first phase, a seven-story, 161,000-square-foot retail and commercial building at 626 Sheepshead Bay Road, is underway and is expected to be completed by the summer of 2017.

Cammeby’s expects to begin work for the retail portion of the Neptune Avenue site this fall.

Winick Realty Group has been retained as the exclusive retail leasing agent for Neptune/Sixth. The Lawrence Group is overseeing leasing for the development’s office space.

At 40 stories, the Neptune Avenue building will be the tallest structure in Coney Island.

Neptune/Sixth was designed by New York-based S9 Architecture.

“In our planning for Neptune/Sixth, we worked to gain a deep understanding of the neighborhood, its residents and businesses,” said Navid Maqami, the design principal at S9 Architecture. “Our goal is to transform the existing fragmented fabric into a vibrant urban place where people can work, shop and live.”

For more, download the full article in PDF

brooklyn-daily-eagle-092916-cvs-coming-to-neptune-sixth-in-coney-island

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

Hudson Market to open at Helena 57 West in early 2017

helena-57The Durst Organization announced that Hudson Market signed a 15-year lease for 9,889 s/f on the ground and lower levels of the Helena 57 West, a 597-unit residential tower at 601 West 57th Street.

Scheduled to open in early 2017, Hudson Market is a farm to table market and specialty grocer. Indoor and outdoor seating will be available to customers.

This will be Hudson Market’s second location in New York City.

Last month, Durst announced Landmark Theaters will be opening at companyʼs VIA 57 West, the anchor building of the 57 West residential superblock, which also includes Helena 57 West and Frank 57 West.

“We are thrilled to welcome Hudson Market to the 57 West campus,” said Helena Durst, Chief Administrative officer of The Durst Organization.

“It is important for us to have retail options that are an amenity to the tenants. With the addition of Hudson Market, we are able to offer our tenants on the 57 West campus and surrounding neighborhood an elegant high-end café and market.”

Hudson Market was represented by Managing Principal Cosmo Montemurro of Murro Realty. The Durst Organization was represented by President Steven E. Baker and Executive Vice President Kenneth Hochhauser of Winick Realty Group and in-house by Leasing Manager Ashley Gee.

Hudson Market was conceived as a community marketplace which brings busy urban dwellers back in touch with the food they eat.

Partnering with local farms and artisanal food producers, Hudson Market showcase their products and craft and celebrates sustainability, simplicity, authenticity, and commitment to quality.

The Durst Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential buildings.

For more, download the full article in PDF

rew_092816_hudson-market-to-open-at-helena-57-west-in-early-2017

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 Leases Upper West Side Location to Bright Horizons

253-west-72nd-streetBright Horizons Family Solutions, the MA-based preschool and early childhood development center with locations in the U.S., Canada and Europe, signed a lease at Brodsky Organization’s 253 West 72nd Street, a luxury residential building located between Broadway and West End Avenue in the heart of the Upper West Side.

“The Upper West Side is home to many young families and from the start, we felt that Bright Horizons would be an ideal fit for the space as they are a clean, dry amenity with a beautiful build out that will add great value to the area” said Winick Realty Group President Steven E. Baker, who represented Brodsky Organization along with Director Charles Rapuano.

Added Rapuano, “This is a great site for them as it not only offers excellent visibility with 50 feet of frontage, but the building is also in close proximity to the express subway stop at West 72nd Street and to Riverside Park.”

Bright Horizons, who will take over the space from long-time tenant Duane Reade in the spring, will occupy 7,667 square feet on the ground floor and 2,000 square feet in the basement. Bright Horizons was represented in the deal by Michael Hoffman and Peter Occhi of Cushman & Wakefield.

“We are happy to welcome Bright Horizons to 253 West 72nd Street and we look forward to a long relationship,” said Brodsky Organization Principal Alexander Brodsky. “We wanted a great tenant who would offer a great service for the residents of the luxury rentals above, but also for the entire Upper West Side.”

For more, download the full article in PDF

citybiz-092816-winick-realty-group-leases-upper-west-side-location-to-bright-horizons

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.