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The top 10 NYC retail leases in July

Between upscale fitness chains and consignment shops to even e-commerce monster Amazon, the city’s retail leasing market saw it all in the month of July.

The 10 biggest retail lease deals signed last month totaled 219,942 square feet, up 46,370 square feet from May’s total, 173,572 square feet. And the largest lease happened to be inked in Brooklyn.

Check out the top 10 list below:

1) Chelsea Piers, 300 Livingston Street, Downtown Brooklyn – 52,000 square feet

The sports and entertainment company inked a lease for a new fitness club with 52,000 square feet of retail space at 300 Livingston Street. This new location will be the company’s second, with the first being — yep, you guessed it — Chelsea Piers in West Chelsea. Steve Gonzalez of TF Cornerstone represented the landlord in-house, along with a Winick Realty Group team comprised of Steven Baker, Aaron Fishbein and Daniyel Cohen. Chelsea Piers represented itself in-house.

For more, download the full article in PDF

THE REAL DEAL_080217_The top 10 NYC retail leases in July

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

The latest leases inked under 20,000 s/f

JRT Realty Group arranged a 2,000 s/f 10-year lease for Barre3, an international fitness barre studio, on behalf of The Hakimian Organization and Gorjian•NY at 44-16 23rd Street, Long Island City, Queens. The landlord’s leasing team consists of JRT Realty Group’s President Greg Smith, Executive Managing Director Ellen Israel and Director Lauren Calandriello. The tenant will occupy part of the ground floor of the 22,294 s/f property. The building is comprised of two, 10,000 s/f floors with high ceilings and expansive floor plans. This will be the studio’s second establishment in New York City; its first being in the West Village. Barre3 has multiple studios throughout the U.S. as well as locations in Canada and the Philippines. Aaron Fishbein of Winick Real Estate represented the tenant in the transaction.

For more, download the full article in PDF

rew_080117_The latest leases inked under 20,000 sf

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 Real Estate Journal

Gonzalez of TF Cornerstone and Baker, Fishbein and Cohen of Winick lease 52,000 s/f to Chelsea Piers

33 bondTF Cornerstone Inc. (TFC) has  signed a 52,000 s/f lease with Chelsea Piers at 300 Livingston St., the retail portion of 33 Bond St., located between Schermerhorn and Livingston Sts. situated at the crossroads of Boerum Hill and Downtown Brooklyn. This development is TFC’s first borough location and is the center of one of the fastest-growing residential, office and hotel markets today.

“Downtown Brooklyn has transformed into a multi-faceted, diverse marketplace where top retailers such as Apple, Whole Foods and now Chelsea Piers are seeing a unique opportunity to reach their target demographics where they live, work and shop,” said Jake Elghanayan, senior vice president of TFC.

Chelsea Piers, known as a leader in sports and fitness, is slated to open a fitness club at 33 Bond in early 2018. When complete, residents will enjoy access from the residential lobby and discounted memberships.

Chelsea Piers was represented in-house for the long-term lease transaction, while TFC was represented by director of retail leasing Steve Gonzalez in collaboration with Winick Realty Group’s president Steven Baker; Aaron Fishbein and Daniyel Cohen.

Baker, Fishbein and Cohen are continuing to market the remaining 8,745 s/f of retail at 300 Livingston St. They are actively speaking with a variety of similarly-upmarket retailers—including artisanal food services, pantry operations, home goods and high-quality restaurants—who will create a strong co-tenancy for the building.

The space consists of 21,000 s/f on the ground floor and 31,000 s/f on the lower level, with high ceilings on both levels. In addition, Chelsea Piers will benefit from a main entrance on Schermerhorn Street, directly across from the expected Ace Hotel.

For more, download the full article in PDF

NYRE Journal_071817_Gonzalez of TF Cornerstone and Baker, Fishbein and Cohen of Winick lease 52,000 sf to Chelsea Piers

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

Chelsea Piers Plans 52K-SF Gym in Downtown Brooklyn

33 bondThe company behind the sprawling Chelsea Piers complex on Manhattan’s West Side has inked a deal to operate a gym in a new Downtown Brooklyn rental building.

The 22-year-old firm signed a long-term lease for 52,000 square feet at the base of TF Cornerstone’s 33 Bond Street, a new luxury rental project under construction at the corner of Atlantic Avenue. Chelsea Piers will occupy 21,000 square feet on the ground floor and 31,000 square feet on the lower level, and its high-ceilinged space will have an entrance on Schermerhorn Street, across from the Ace Hotel, according to a release from the developer. The asking rent and the length of the lease weren’t immediately available.

However, the average asking rent for ground-floor retail space in the neighborhood hovers around $100 a square foot, according to The Wall Street Journal, which was the first to report news of the deal.

Chelsea Piers was represented in-house for the long-term lease transaction. TFC was represented in-house by Steve N. Gonzalez, along with Winick Realty Group’s Steven E. Baker, Aaron S. Fishbein and Daniyel Cohen. The building still has 8,745 square feet of retail available, and the developer is “actively speaking with a variety of similarly-upmarket retailers, including artisanal food services, pantry operations, home goods and high-quality restaurants” for the space, according to the release from TFC.

A spokeswoman for Winick didn’t immediately return a request for comment.

The 25-story, 714-unit rental building is scheduled to open to residents later this summer, according to spokespeople for the developer. Current listings up for grabs at the development range from studios asking $2,530 a month to two-bedroom, two-baths for $5,420, according to StreetEasy. Residents will be able to access the gym from the lobby of the building and will be able to get discounted memberships.

“Downtown Brooklyn has transformed into a multi-faceted, diverse marketplace where top retailers such as Apple, Whole Foods and now Chelsea Piers are seeing a unique opportunity to reach their target demographics where they live, work and shop,” Jake Elghanayan, a senior vice president at TFC, said in prepared remarks.

For more, download the full article in PDF

NY Observer-071017-Chelsea Piers Plans 52K-SF Gym in Downtown Brooklyn

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

Colombian coffee joint Devocion opening at 300 Livingston in Boerum Hill

Winick_300Livingston_Retail_Closeup_011216-low-res-e1471380803752-1-938x535Colombia-based coffee purveyor Devocion has signed a long-term lease for a 1,722 s/f café at 300 Livingston Street, the retail strip located at the base of a 714-unit residential building known as 33 Bond.

Developed by TF Cornerstone, the building is situated at the crossroads of Boerum Hill and Downtown Brooklyn.

“The building at 300 Livingston Street is uniquely situated between two of Brooklyn’s fastest-growing neighborhoods and, specifically, it is positioned on the traffic path that leads Boerum Hill residents to the many area train stations,” said Winick Realty Group president Steven E. Baker.

“This accessibility helped draw Devocion to 300 Livingston Street and will help to make them a staple to the neighborhood.”

Baker, along with Winick Realty Group’s Aaron S. Fishbein and Daniyel Cohen, represented TF Cornerstone. Devocion was represented by Covell Consulting.

Founded in 2006 in Colombia and then brought to New York in 2013, Devocion’s second Brooklyn location, which will open in late 2017, will occupy the corner location of the building at Livingston and Bond Streets.

The street level space 17-foot ceilings, as well all-glass corner frontage.

The new 40-seat café will offer the brand’s trademark farm-fresh direct trade coffee, in addition to a variety of in-house freshly baked pastries and sandwiches.

Baker, Fishbein and Cohen are continuing to market the remaining retail at 300 Livingston Street, which ranges from 1,500 to 5,500 s/f spaces.

For more, download the full article in PDF

rew_063017_Colombian coffee joint Devocion opening at 300 Livingston in Boerum Hill

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.

queens gazette logo

The Fourth Annual Long Island City Summit Sees Big Turnout

licsummit_2017_06_23_q03_zThe fourth annual LIC Summit, convened once again at the Museum of the Moving Image by the Long Island City Partnership, had an introduction and six panel meetings.  The 2017 session seemed to temper the enthusiasm shown by the earlier summits, becoming cautious about the meaning of all that construction.  At the moment, Queens Plaza and Hunters Point are looking awesome in their partially-completed state, but it was generally agreed the equitable dispensation of residential and commercial prosperity will be necessary if the completed buildings are to be filled successfully.

The retail panel was moderated by Patricia Dunphy of Rockrose Development Corp.  The first panelist introduced was Donna Drimer of Matted LIC, a gallery and artistic items store that she has run for eight years on Vernon Boulevard.  When first in LIC, she was told that the coming building boom would soon surround her.  Instead, at the four-year mark, the last of the retailers she had met when she arrived closed shop.  It’s still sparsely populated on the street near 46th Avenue and Drimer says she’s desperate for neighbors and needs the foot traffic.  Next was Amber Jacobsen, the owner of Toby’s Estate Coffee on Jackson Avenue, one part of a five-store enterprise that she and a partner have established in Queens, Brooklyn and Manhattan.  She recalled that when she opened her shop in the West Village it was displeasing to see a Starbucks moving in nearby, but with growth she learned coexistence was easy.  She has no fear of a Starbucks near her in Hunters Point.  Dunphy said Toby’s has two coffee shops not named Starbucks located within a few doors, and as she recalled the many nail salons that opened near each other when Battery Park City was new, she said that’s not unusual.

Drimer, who lives on Queens Plaza and considers it a retail badlands, said LIC rents should be appropriate to what you want situated locally.  Big Box?  Charge it big bucks, say $300 per square foot, while charging smaller rates to smaller places.  Melissa Burch of Lendlease Americas Development said that LIC’s residential growth is exciting, since it ties to retail consequentially.  Regarding retail following residential development, Aaron Fishbein of Winick Realty said that retailers are often stumped about how and when to act.  Dunphy spoke for local light industry, referring to a building at 21st Street and 43rd Avenue where there’s working space for lampmakers, upholsterers and gold leaf artisans, among others.  She said she’s been asked if the building would be “developed,” and has replied that it’s fine as is.

For more, download the full article in PDF

queens gazette_062817_The Fourth Annual Long Island City Summit Sees Big Turnout

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.