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Real Estate Weekly

Upscale eateries Dépanneur and Simó Pizza take TFC space at luxury 33 Bond

TF Cornerstone and Winick Realty Group announced retail leases with Dépanneur and Simó Pizza at the base of TFC’s 33 Bond, a 714-unit luxury residential rental building in Downtown Brooklyn.

Dépanneur and Simó Pizza are taking a combined 4,504 s/f along the base of the retail strip located at 300 Livingston Street. The retailers will join Chelsea Piers and Colombian coffee roaster Devoción, rounding out TFC’s roster of retail tenants.

Dépanneur, a pioneer in upscale and locally sourced provisions and takeaway, focuses on bringing the best ingredients and foodstuffs to their customer.

Depanneaur, which will be launching an additional two stores from its Williamsburg flagship, leased two separate retail spaces, with approximately 62 feet of all-glass Livingston Street frontage between them.

The first, measuring 1,820 s/f, will be similar to the high-end markets the company currently operates in Williamsburg and Clinton Hill. The second measures 1,051 s/f, will be another component to Dépanneur‘s shop.

Simó Pizza, a fast-casual pizza dining concept was derived by owner Simone Falco. He was inspired for this restaurant by his renowned Neapolitan eatery Rossopomodoro in the West Village and his Rossopomodoro locations within Eataly USA.

This second location at 33 Bond will occupy a 1,633 s/f space adjacent to Dépanneur, with 36 feet of all-glass frontage, 17-foot ceilings and offering guests a taste of Napoli in 90 seconds.

A Winick team comprised of Steven Baker, Aaron S. Fishbein and Daniyel Cohen worked alongside Steve N. Gonzalez of TFC to secure the leases on behalf of the developer.

A Ripco team of Andrew Clemens and Ben Weiner represented Dépanneur. Simó Pizza was represented in-house in its lease.

An additional 3,500 s/f of retail remains available.

For more, download the full article in PDF

rew_121417_Upscale eateries Dépanneur and Simó Pizza take TFC space at luxury 33 Bond

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

Demise of retail has been greatly exaggerated

The annual ICSC New York conference kicked off this year by confronting the elephant in the room head on through a marketing campaign.

Large billboards in the Javits Center, along with online and print ads touted the website shoppingforthetruth.com, part of a campaign by ICSC called “The Truth,” which seeks to dispel rumors about the industry and “learn the truth about the evolution of retail real estate,” according to one print ad.

It was a clever way to handle the changes the industry is going through at the moment, changes that some New York brokers said haven’t hit the local market as hard as the rest of the country.

“I’m definitely optimistic,” said Danielle Winick, of Winick Realty. “I’m incredibly busy and I’m positive about it, and I’m looking forward to a new year starting off strong with some deals that are going to push through then and close.”

Winick said landlords are changing their perspective and becoming more reasonable, like allowing more short-term deals and pop-ups, something they may not have considered previously.

“I know there’s a lot of articles about retail dying, but in a city like New York, I don’t think it’s as relevant,” said Winick. “There’s so much tourism, there’s so much office density and residential density, that people are always going to want places to go to get out of the house. GO look, feel, touch, and it’s about retailers evolving a little bit and just kind of changing the way they see it.”

For more, download the full article in PDF

rew_121217_Demise of retail has been greatly exaggerated

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

IN PHOTOS: ICSC NY 2017 conference at the Javits Center

New York’s annual ICSC Deal Making conference kicked off yesterday, Dec. 6, at the Javits Center.

Attendance is expected to top 11,000 for the first time, which would set a conference record, up from last year’s roughly 10,300 attendees, according to Timothy McGuinness, ICSC’s vice president of global trade expositions. The show has been held at the Javits Center since 2014, but this year’s conference space is to increase by 25 percent, to nearly 221,000 square feet.

For more, download the full article in PDF

rew_120717_IN PHOTOS ICSC NY 2017 conference at the Javits Center

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

Shampoo startup bubbles up in SoHo with West Broadway lease

Function of Beauty, a New York-based startup that uses a proprietary algorithm to create personalized shampoos and conditioners, has signed a lease at 355 West Broadway in SoHo.

The company, which was founded by MIT graduate Zahir Dossa in December 2015, will occupy the building’s fourth and fifth floor duplex with office space and an exclusive showroom.

Function of Beauty is expected to open their office and showroom in Fall 2017, when clients will be able to come in for appointment-only consultations that result in up to 12 billion different shampoo and conditioner formulations.

“With Function of Beauty, we are able to take an industry that has been stagnant for many years and turn it into something personalized and experiential for our customers,” said Dossa. “Having this showroom allows our customers to get a first-hand look at how their individualized hair care products are formulated in ways that celebrate their unique hair type and beauty goals.”

Daniyel Cohen, an associate at Winick Realty Group represented Function of Beauty in its lease along with Winick president Steven E. Baker. Winick executive vice president Lee Block represented landlord Quality Capital.

Each floor measures 1,100 s/f, including an outdoor patio, and dedicated elevator access to each floor.

For more, download the full article in PDF

rew_113017_Shampoo startup bubbles up in SoHo with West Broadway lease

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

Pioneer Building lands Blick Art Materials, Smoothie King as retail tenants

Three national and international retailers and a fast-growing café concept have leased more than 10,000 S/F of space in the Pioneer Building at 41 Flatbush Avenue.

CPEX Real Estate’s Brooklyn Retail Leasing Team, consisting of managing director Ryan Condren and associate director George Danut, represented the landlord in all four lease transactions.

All four tenants are expected to move in by the end of this year.

Blick Art Materials will occupy approximately 7,700 s/f of space on the ground level and lower level.

Since 1911, artists of all ages and skill levels have looked to Blick for a wide range of high-quality art supplies at affordable prices, supported by a team of knowledgeable associates and a 100% satisfaction guarantee.

Now in its third generation of family ownership, Blick currently has more than 65 retail stores in 25 states across the country. Joshua Siegelman of Winick Realty represented the tenant.

Smoothie King will lease approximately 1,200 s/f of ground floor retail space. Blending fruit and vegetable smoothies with high-quality ingredients since 1973, Smoothie King has more than 800 locations in over 130 countries around the globe.

The Pioneer Building will be its third location in New York City. The tenant was represented by Nick Masson of Schuckman Realty.

Coffee Project New York has agreed to lease approximately 1,000 s/f of space on the ground floor.

Voted “New York’s Most Loved Café” by Time Out New York in 2016, this will be its first location in Brooklyn. Alexander Karas of Winick Realty represented the tenant in lease negotiations.

United Parcel Service (UPS), the world’s largest package delivery company, will occupy approximately 800 s/f of ground floor space at 41 Flatbush Avenue. HUDSON’s Nicole Liebman represented UPS in the transaction.

“We are happy with this mix and caliber of tenants for the Pioneer Building,” said Tyler Wilkins, partner at Quinlan Development Group.

“This lineup will provide a good set of amenities to the office residents upstairs and the neighborhood.”

CPEX is exclusively marketing approximately 12,000 s/f of remaining available space on Flatbush Avenue and Rockwell Place.

Targeted uses include gourmet markets, cafés, fitness operators, traditional retail, and restaurants or gastro pubs, with a lease currently out with a day care operator. Asking rent for the remaining available space ranges from $80 to $140 per square foot.

Located at the intersection of the BAM Cultural District, Fort Greene, and Boerum Hill in Downtown Brooklyn, the Pioneer Building is a ten-story, 260,000 s/ft Class A office building.

The nearby Atlantic Terminal-Barclays Center subway station offers access to nine different subway lines, plus four others within a three-minute walking radius. The space is close to the Fulton Street Mall and Atlantic Terminal Mall, as well as several other national retailers that include an Apple store and Whole Foods.

Quinlan Development Group and Building and Land Technology (BLT) own and operate the property. They recently completed a $30 million redevelopment to convert the former storage facility into a 24/7 Class A office building with ground floor retail.

For more, download the full article in PDF

rew_102517_Pioneer Building lands Blick Art Materials, Smoothie King as retail tenants

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

Juice Generation opening at 10 Astor Place

Newmark Holdings announced that &pizza and Juice Generation have taken space at 740 Broadway and 10 Astor Place, respectively.

&pizza, a popular Washington, D.C.-based brand, has leased a 1,500 s/f store at 740 Broadway, a 12-story, Noho building.

Juice Generation juice bar signed an 850 s/f lease at neighboring 10 Astor Place, a seven-story mixed-use building.

Donna Vogel of Newmark Holdings and Ross Kaplan of Newmark Grubb Knight Frank Retail represented the ownership in the deals with &pizza and Juice Generation. Michael Cohen from RKF acted on behalf of &pizza and Steve Baker of Winick Realty Group represented Juice Generation.

“We are excited for &pizza and Juice Generation to join the mix of health and wellness tenants at 740 Broadway and 10 Astor, respectively,” said Vogel.

For more, download the full article in PDF

rew_081717_Juice Generation opening at 10 Astor Place

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.