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Real Estate Bisnow

This Week’s NY Deal Sheet

59th-night-snapchat-cropSnapchat signed a 40k SF lease for the entirety of the former Playboy Club at 5 East 59th St. The pop-up location is the company’s first physical store, where it will market its new picture-taking sunglasses. Winick Realty Group’s Darrell Rubens, Lee Block and Kelly Gedinsky repped both the tenant and the landlord.

For more, download the full article in PDF

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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 Bisnow

This Week’s NY Deal Sheet

steven-baker-258x300Childcare services provider Bright Horizons Family Solutions signed a 15-year, 10k SF lease for Brodsky Organization’s 253 West 72nd St. Cushman & Wakefield’s Michael Hoffman and Peter Occhi repped Bright Horizons, while Brodsky was repped by Winick Realty Group’s Charles Rapuano and Steven Baker.

CVS signed an 11k SF lease at 532 Neptune Ave—a planned 42-story, 430-foot-tall residential and retail building that’s replacing Trump Village Shopping Center. Winick Realty Group’s Jeff Winick, Lee Block and Darrell Rubens repped the landlord, while CVS didn’t have a broker.

For more, download the full article in PDF

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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 Bisnow

Phase 1 Construction Begins on Cammeby’s Neptune/Sixth at Coney Island

626 sheepshead bay roadConstruction on the first phase of Cammeby International’s Neptune/Sixth—a Coney Island mixed-use redevelopment of the former Trump Village Shopping Center and Royal Palace Bath—has commenced and is slated to bring a seven-story, 161k SF retail and commercial building to 626 Sheepshead Bay Road by next summer.

The firm’s also beginning site work for a 90k SF retail space at 532 Neptune Ave. The project’s second phase, which will include a residential component, isn’t expected to break ground until late next year.

S9 Architecture design principal Navid Maqami says S9 is focused on transforming the neighborhood’s “existing fabric” while still keeping what’s essential to Coney Island residents and businesses.

Winick Realty Group will serve as the retail leasing agent for the community, while the Lawrence Group will oversee office leasing. We reported earlier that Trump Village businesses will be allowed to move into the community when completed, but this wasn’t confirmed with the most recent announcement.

For more, download the full article in PDF

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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 Bisnow

This Week’s NY Deal Sheet

the giovanniWine Legend and Gold Coast Bank signed 2,600 SF and 2k SF leases, respectively, for The Giovanni, John Catsimatidis’ residential building at 81 Fleet Place in Manhattan. Both tenants and the owner were repped by Winick Realty Group’s Jeff Winick. This will be the Long Island-based bank’s first proper NYC location.

For more, download the full article in PDF

real estate bisnow 07-12-16

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 Bisnow

NYC Multifamily, Office, Hotel and Retail at Mid-Year

joshua-siegelman-258x30017Speaking of retail, Winick Realty’s Josh Siegelman tells us at least in Manhattan, he’s noticing deals taking longer to complete than in the past. “People can’t easily put their finger on where the market is right now,” he says. “There’s still a disconnect between what retailers owners think they’ll get value from and what kinds of rents retailers can afford.”

Some big landlords, like Thor Equities, responded to the uncertainty in the first half of the year by thinning out their retail portfolios and putting a bigger chunk of their resources into multifamily and, in Thor’s case, Brooklyn’s burgeoning waterfront office market.

The disconnect comes amid a shift Josh notes, whereby more retail is catering to a sophisticated, health-conscious consumer that wants a range of choices in product types where until recently there might have only have been one or two. He cites LuluLemon’s increasing competition as a purveyor of yoga gear as a sign of the times to be expected as the year rolls on.

For more, download the full article in PDF

real estate bisnow 07-08-16

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 Bisnow

RESTAURANTS, EATERIES GROW PRESENCE IN MANHATTAN

bisnow restaurantCasual restaurants and eateries have been expanding their presence in Manhattan–think juice shops, gourmet coffee bars and fast-casual chains. And landlords are jumping on the bandwagon as they look for ways to boost the appeal of their office and residential towers. Last year, the fast-casual industry grew to $44B nationally, an 11.5% jump from 2014, and much of that growth stemmed from new restaurant openings, the Wall Street Journal reports. Factors like the growth of health- and fitness-conscious consumers, demand for specialty fast-casual options and a dense affluent population have led to a boom of restaurants in NYC.

“Less is being bought in the physical stores and more is being bought online, but what hasn’t changed is the consumption of food and beverage,” Winick Realty Group broker Kenneth Hochhauser says.

For more, download the full article in PDF

real estate bisnow 06-27-16

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.