Winick to Market 3 Columbus Circle Retail for SL Green, Moinian

SL Green Realty Corp. and The Moinian Group have chosenWinick Realty Group LLC to represent the 36,000 square feet of retail at 3 Columbus Circle.

Winick Realty Group LLC’s CEO Jeff Winick and Executive Vice President Lori Shabtai, along with Associate Directors Kelly Gedinsky and Michael Gleicher, will work on behalf of SL Green and The Moinian Group to market the space.

The retail at 3 Columbus Circle has a corner entrance on 57th Street and Eighth Avenue with 27-foot high ceilings. The 6,300-square-foot ground floor provides visibility with 150 feet of wraparound frontage on both 57th Street and Eighth Avenue.

Two escalators lead to the 29,700-square-foot second floor. With an expansive 750 feet of all-glass frontage that encompasses an entire city block from 57th to 58th Streets on both Broadway and Eighth Avenue, the second floor overlooks Columbus Circle, Central Park and the Time Warner Center.

The retail at 3 Columbus Circle features 360-degree signage and branding potential, and a dedicated elevator. Its entrance is across from the Columbus Circle subway station, the seventh busiest transportation hub in all of New York City.

Shabtai, Gedinsky and Gleicher will be available at the ICSC show in Las Vegas at booth C140 F Street to further discuss the retail opportunity.

For more, download the full article in PDF

citybiz-051712-Winick to Market 3 Columbus Circle Retail for SL Green, Moinian

Moinian mulls Flagship on 5^th

Joseph Moinian is working to cobble together an 84,000-square-foot retail space at the base of the office building at 535-545 Fifth Ave. that will run the full 200-foot long block between East 44th and 45th streets — and has appointed Winick Realty Group to lease what has been dubbed the “Flagship on Fifth.”

Jeff Winick, CEO of Winick, is leading the leasing team that includes Michael Gleicher and Melinda Miller.

Winick declined comment on the asking rent or on the state of current tenants, which include Michael C. Fina and Duane Reade. The Barami space is already being marketed by Winick.

Eventually, the sprawling space will include a selling lower level, a ground floor, second floor and mezzanine areas. But with some big boxes downsizing into jewel boxes, the brokers’ backup plan includes the building being reapportioned into three availabilities.

A 30,000-square-foot space on the building’s north corner has 225 feet of double height, wrap-around frontage that can support amazingly large signage.

Midblock, with an address of 537 Fifth Ave., an 8,700-square-foot triplex can become the “Townhouse on Fifth.” And at the south corner, there is 45,000 square feet of multi-level selling space.

The Fifth Avenue area north of 42nd Street has been popping with Tommy Bahama, Zara, H&M, Joe Fresh, Urban Outfitters and other retailers claiming storefronts.

Across the avenue, Joe Sitt intends to build a 75,000-square-foot glass box for a hoped-for seven-story retailer at West 43rd Street while Crown is putting together a nearly 50,000-square-foot space at 530 Fifth Ave. with a rent of $1,500 a square foot, thus pushing rents upwards from the Real Estate Board of New York’s fall pricing range of $500 to $1,000 a square foot.

For more, download the full article in PDF

NY Post_051612_Moinian mulls Flagship on 5th

Kenneth Hochhauser

Executive Vice President

Tel: 212-792-2605
Email: khochhauser@winick.com
Areas of Specialization: Retail Brokerage (Tenant and Owner Representation), Advisory Services
Areas of Expertise: Manhattan, Tri State Area

Professional Experience

Since becoming a broker in 1995, Kenneth Hochhauser has been able to offer his clients a unique supply side and demand side approach to trade area analysis, with a former retailer’s eye to site selection. A former retail executive at Macy’s and GNC, as well as an economic development officer with the City of New York, Mr. Hochhauser has a Bachelor’s degree in history from SUNY Albany and a Master’s degree in Urban Planning from NYU. It was at NYU that Mr. Hochhauser was introduced to the power of Geographic Information Systems in work force, population and income analysis for the purpose of determining economic and public policy and was able to employ economic development theory on the local scale for the City of New York.

This unique background in retail and economic development, combined with local market expertise, allows Mr. Hochhauser to provide his clients with more accurate analyses of the trade area’s buying power to assist retailers and landlords in making a more accurate and informed decision. Mr. Hochhauser employed these skills in creating and implementing market entry and roll-out strategies for a number of retailers either first entering the metropolitan marketplace or leveraging existing success to grow to other metropolitan trade areas. On the tenant side, Mr. Hochhauser introduced Chipotle Mexican Grill and the Walking Company into the New York metropolitan marketplace and concluded multiple transactions on behalf of the Palm restaurant, Pret a Manger, Cosi, Benihana subsidiary Haru, and others.

Likewise, Mr. Hochhauser has employed the same analyses in the repositioning, repurposing and place-making of different property types of many scales in a variety of different markets. Mr. Hochhauser’s more notable property assignments have included the 250,000-square-foot Winter Garden Shops at the World Financial Center for Brookfield Properties; the multi-building, mega development Trump Place on Manhattan’s Upper West Side for Equity Residential and the Trump Organization; Goldman Sach’s regional headquarters in Jersey City for Goldman Sachs; the former Lehman Brothers world headquarters in Times Square for Lehman Brothers; Viacom’s world headquarters in Times Square for SL Green; Citigroup’s world headquarters in midtown Manhattan for Citigroup; and the 300,000 square foot Waypointe ground-up, mixed use project in Fairfield County, Connecticut for Belpointe Capital.

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Awards and Recognition

Mr. Hochhauser is a member of the Real Estate Board of New York (REBNY) and the International Council of Shopping Centers (ICSC).

Featured Listings

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REBNY Retail Deal of the Year Submissions

The Real Estate Board of New York (REBNY) will now begin the task of selecting the best of retail real estate for its annual Retail Deal of the Year Awards.

The awards highlight the most inventive and noteworthy New York City retail deals of the past year. The winners will be announced at the Retail Committee’s annual cocktail party on Tuesday, June 12, 2012 at the 101 Club.

The two awards presented will be The Most Creative Deal in Manhattan and The Retail Deal Which Most Significantly Benefits the Manhattan Retail Market.

SUBMISSIONS:

55 Fulton Street
Key Food
Broker: Scott M. Bloom, Bloom Real Estate Group LLC

30 West 8th Street
Stumptown Coffee
Brokers: William Abramson and Annie Yao, Buchbinder & Warren Realty Group LLC

311 W. 43rd Street

Hakkasan NYC, LLC
Brokers: James S. Downey and Eric Le Goff, Cushman & Wakefield

810 Washington Street
A New Luxury Retail Market
Extending the Meat Packing District to the South
The Redevelopment of 810 Washington Street
Broker: Karen Bellantoni, RKF

215-219 West 42 Street
The Leasing of the Times Square Theatre
Brokers: C. Bradley Mendelson and Alan Schmerzler, Cushman & Wakefield

1972 Broadway
Deal of the ‘CENTURY’
Brokers: Gene P. Spiegelman and Michael J. O’Neill, Cushman & Wakefield

140 West 57th Street
Could You Tell Me How to Get a Food Market to Carnegie Hall?
Broker: Scott Edlitz, NAI Global New York City

229 West 43rd Street
Times Scare – Jekyll and Hyde Comes to Times Square W – The NY Times Building
Broker: Jeffrey D. Roseman, Newmark Knight Frank Retail

499 Park Avenue
Unearthing a Hidden Gem
Broker: Jonathan Krivine, Newmark Knight Frank Retail

46 East 57th Street & 810 Madison Avenue

The Crowning Jewel of Duel Transactions
Brokers: Faith Hope Consolo and Joseph A. Aquino, Prudential Douglas Elliman

14 Wall Street
The Successful Leasing Effort and Opening of TJ Maxx
Brokers: Darrell Rubens, Winick Realty Group LLC; Peter Ripka, Ripco Real Estate

For more, download the full article in PDF

citybiz-050912-REBNY Retail Deal of the Year Submissions

GC tower has rail shot

Blend Relocating to TF Cornerstone’s Waterfront Development

Latin fusion restaurant Blend has signed a lease for 4,284 square feet of restaurant space at 45-40 Center Boulevard, the base of a newly-constructed rental building and part of the waterfront residential complex constructed by developer TF Cornerstone.

Scheduled to open in early 2013, the new storefront will replace Blend’s current location at 47-04 Vernon Boulevard, doubling the restaurant’s dining space and tripling the size of its kitchen area. Blend will also open an outdoor seating area.

Winick Realty Group LLC President Steven E. Baker and Associate Director Joshua Singer represented building ownership TF Cornerstone as well as Blend in the lease transaction.

This transaction marks the third tenant Baker and Singer have brought to the complex on behalf of TF Cornerstone. Crank Cycling Studio leased 800 square feet at 46-30 Center Boulevard, while Sweetleaf Coffee and Espresso Bar is set to open its second Long Island City location at 46-15 Center Boulevard.

TF Cornerstone is currently constructing two additional residential towers that, upon estimated completion in Q4 2013, will add nearly 20,000 square feet of retail to the LIC waterfront.

For more, download the full article in PDF

citybiz-050712-Blend Relocating to TF Cornerstone’s Waterfront Development

Newmark Knight Frank Retail Veteran Makes Move to Winick

Winick Realty Group has announced that it has hired Newmark Knigh Frank retail broker Kenneth Hochhauser to join the company’s executive team.

Jeff Winick, CEO, and Steven E. Baker, president, welcomed Hochhauser to the firm, where he will serve as an executive vice president, assisting in both tenant and landlord representation.

“We are proud to have Kenny join our team,” said Baker. “With more than 15 years of experience representing some of the most dynamic tenants and landlords, his extensive market knowledge will be an invaluable asset as Winick remains at the forefront of retail leasing.”

Added Winick, “Kenneth Hochhauser’s talent, intelligence, and strong work ethic have made him one of the most respected people in this industry. He is a valuable addition to our executive team and, along with Steven, will help take Winick Realty Group LLLC to the next level as we grow our business.”

Hochhauser previously served as senior vice president at Newmark Knight Frank. “I want to thank Jeff and Steve for integrating me into their group as we all move forward in creating best-in-class services,” he said.

For more, download the full article in PDF

rew_050212_newmark knight frank retail veteran makes move to winick

]]> http://www.winickdaily.com/2012/05/02/real-estate-weekly-newmark-knight-frank-retail-veteran-makes-move-to-winick/feed/ 0 http://www.winickdaily.com/2012/04/25/real-estate-weekly-roosevelt-island-main-street-getting-a-makeover/ http://www.winickdaily.com/2012/04/25/real-estate-weekly-roosevelt-island-main-street-getting-a-makeover/#comments Wed, 25 Apr 2012 19:33:22 +0000 mlpr http://www.winickdaily.com/?p=9797

Roosevelt Island Main Street Getting a Makeover

Hudson Related Retail LLC, a joint venture between The Hudson Companies and Related Companies, announced new retail leases, architectural and streetscape improvements, and lease renewals that will revitalize the Main Street retail corridor and bring new amenities to Roosevelt Island.

As part of the retail makeover, Island Spirits, a new wine and liquor store, will open at 605 Main Street. The Island has been without a wine store for several years.

Wholesome Direct, a gourmet and organic natural food market will open at 530 Main Street along with Europan Bakery Café, while other new tenants will include Subway Sandwich and The Child School, a 7,000 s/f fine arts center.

Trellis Diner, a Roosevelt Island institution, is renewing its lease for 10 years and planning a renovation while Gallery RIVAA will also stay.

Hudson Related and the New York Public Library have been pursuing capital funding necessary to create a new, state-of-the-art library branch on the ground floor of 504 Main Street.

And the leasing team has been receiving offers for additional stores such as ice cream/candy, restaurants, florists and green desk office leasing.

The partners also hope to attract a pet store operator to the island as well as a frozen yogurt place.

Hal Shapiro, a managing director at Winick Realty, has been responsible for most of the leasing efforts on behalf of Hudson/Related: “The revitalization of the Shops on Main will bring a new energy to Roosevelt Island for the residents, tourists and workers.”

For more, download the full article in PDF

rew_042512_roosevelt island main street getting a makeover

Retail space in Artimus rental tower now available for lease 
At least 23,000 square feet of retail space in an under-construction residential tower at 320 Eighth Avenue is now on the market, according to a statement today from Winick Realty, the exclusive marketer for the space. Located at 26th Street in Chelsea, the property includes 18,000 square feet of ground floor space asking $95 per square foot, while a 5,000-square-foot basement space is asking $40 per square foot.

Alex Hill, one the property’s exclusive brokers, said the basement space could be expanded to as much as 18,000 square feet. The ground floor and basement spaces could be rented together or separately and would work well for a gourmet supermarket, he said.

Hill added that such large retail spaces rarely become available in Chelsea.

The available retail is located in a new residential building that will rise 12 stories upon its completion. The project, which is constructed up to the sixth floor as of now, will offer 207 studio, one-bedroom and two-bedroom rental apartments and was developed by a joint venture of the property owner — 260 West 26th Street LLC — and Artimus Development. Artimus’ other projects include Fifth on the Park, the Harlem condominium that saw a closely-watched landmark Interstate Land Sales Full Disclosure Act case in 2010.

The ground floor retail space offers 200 feet of frontage on Eighth Avenue and a loading dock. Hill indicated that the basement space has 12-foot ceilings, making it viable as commercial space. He also said the ground floor space could be carved up to house more than one user.

Hill said that there were numerous “fitness users,” interested in the space and at least one gourmet market.

For more, download the full article in PDF

THE REAL DEAL_041312_Retail space in Artimus rental tower now available for lease

Child Care Center Leases Space at 175 Kent Ave.

Winick Realty Group LLC reports that Bright Horizons, a brand of internationally recognized child care centers, has leased its first Brooklyn location in a brand-new residential building at 175 Kent Ave., between North Third and North Fourth streets in  Williamsburg.

The Watertown, Mass.-based company, operating in the U.S., Europe and Canada, also serves as the daycare provider for Chase Bank and has frequently been the only child care organization named by Fortune magazine on its list of the “100 Best Companies to Work for in America.”

The child care center, which will open in 2013, will occupy 2,484 square feet on the ground floor, as well as 18,228 square feet on the lower level, according to Diana Boutross, senior managing director at Winick, who represented landlord The Chetrit Group in this 15-year lease transaction along with Lori Shabtai, executive vice president at Winick.

Bright Horizons was represented by Peter Occhi and Michael Hofmann of Cassidy Turley.

In addition to being at the base of a residential building — with 113 rental units in its seven stories, the Bright Horizons space will be across the street from another rental building and only a few blocks away from a park, noted Boutross, making it a perfect location for a child care center.

“We had a lot of interest in the space, but the landlord wanted to wait for the right tenant and the right use,” she said. “With so many young families moving into the area in recent years, an amenity of this kind will be an amazing addition to Kent Avenue and to Williamsburg.”

For more, download the full article in PDF

Brooklyn Daily Eagle-040912-Child Care Center Leases Space at 175 Kent Ave.