Winick Realty Group Brings Retail to 22 Spring Street for the First Time with Two New Leases
Winick Realty Group announced the successful leasing of two retail storefronts at 22 Spring Street, between Mott and Elizabeth Streets in Nolita. The 700-square-foot spaces were previously ground-floor apartments and had never housed retail before.
“Landlord Samy Mahfar made a substantial investment to refurbish what had previously been an eyesore on the block,” said Winick Realty Group Executive Vice President Darrell Rubens, who represented Mahfar along with Lee Block. “He refaced the building and created retail space at the base in order to make the block and the building a better fit for the neighborhood.”
Rubens and Block worked with Mahfar at every step of the leasing process, consulting with him as he designed the retail storefronts, installed new floors and restored the exposed brick walls in the spaces. While they had numerous offers on the table, ownership ultimately decided to lease the two retail spaces to Paint Box, an art gallery and custom framing store with five other Manhattan locations, and The Clay Pot, a boutique jewelry store with one location in Park Slope, Brooklyn.
“Samy felt that these uses were the best fits for the neighborhood,” said Rubens. “They are upscale, clean and lively new additions to the block.”
Winick Realty Group’s Matthew Ball represented Paint Box, which is opening in October, and also assisted Rubens and Block in representing Mahfar in The Clay Pot lease. The Clay Pot, which will be open in time for the holiday season, was represented by Andrew Mendel and Lindsay Charles of Ripco.
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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.