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New York Observer

Keep It Small: The Leases Where Mini Is Marvelous

While bigger is often considered better, when it comes to leases for some small businesses, the opposite can be the case.

Jewelry designer Angie Marei was looking to move her jewelry business out of her home office in Dumbo, Brooklyn, but wanted to remain nearby. She needed a space where she “could take client appointments, showcase my work in a showroom setting and also have space for my jewelry bench,” she said.

In searching around Brooklyn and Manhattan, she kept finding spaces that were just too large for her needs. But at Two Trees Management Company’s 45 Main Street in Dumbo, she found a cozy 187 square feet. She moved in on March 15 and opened Diaboli Kill Jewelry Showroom for business on June 1.

“I searched all around the Brooklyn and Manhattan, and most offices were too big for my needs. I was looking for a nice private office where I could take client appointments, showcase my work in a showroom setting and also have space for my jewelry bench. Since jewelry doesn’t take up much physical space, this 187-square-foot office was perfect for me.”

Speaking of 45 Main Street, designer Nicole Meléndez occupies 269 feet in the building and said that for her athleisure and swimwear studio, the square footage is just right.

“I’m in business to turn a profit, and it is not practical to get a big space for two to three people to be in, and [it] will be an expense that will have me chasing my tail,” Meléndez said.

The building has some shared spaces—a conference room on the floor and a fully furnished rooftop—which she and her employees can use.

“I’d rather get a well-designed space in a bright and comfortable environment that allows me to have a space to work but that I don’t have to work only to pay [for] the space,” she said.

For Rawmantic Chocolate owner Kasia Bosne, “the bulk of her business comes from selling her chocolate to other retail locations so she needed to have a presence but didn’t need a large space as long as there was a kitchen included for preparing chocolates on site,” Winick Realty Group’s Zach Diamond, the tenant’s representative, said via a company spokeswoman.

So when Rawmantic’s old landlord informed the organic chocolate company that it would be redeveloping the building where it was located, it found a 320-square-foot retail space at 1053 First Avenue between East 57th and East 58th Streets, where it will be opening in September, Diamond said.

And at 21 Crosby Street, Eastern Consolidated’s James Famularo did a series of small deals for boutique retailers Dinosaur Designs, Max-Bone, Fueguia and Annabel Ingall. He represented the landlord, Corigin Real Estate Group, and procured the tenants. The reason the tenants wanted spaces, all 400 square feet or smaller, came down to dollars and cents. “Bigger spaces were too expensive,” he said, referring to Crosby Street’s high rents. And the landlord knew as much, cutting larger spaces down to smaller ones to make them rentable to luxury goods shops.

For more, download the full article in PDF

NY Observer-072617-Keep It Small

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

Sneaker Stores Are a Shoe-in for Landlords, Especially in Midtown

 

Zach Diamond of Winick Realty Group represented the rapper Fat Joe in finding the space for his retail specialty store Up NYC, which opened this past November at 3806 Broadway between West 158th and West 159th Streets in Washington Heights.

He said the 2,500-square-foot space is succeeding due to sneakers’ evolving status as prized collectables, or valued items that fetch a sizable markup on resale.

“[Up NYC sells] higher-end Nike and Jordan brands which are limited edition,” Diamond said. “The whole sneaker craze now is that people are waiting in line for three days just to buy shoes at, let’s say, $300, and once they get them, they turn them for $500.”

Diamond recalled how, when the Washington Heights store opened, Fat Joe carried 10 exclusive models.

“The lines [in front of the store] started on Wednesday, and the opening was Saturday,” he said, noting that the opening featured appearances by rappers including Remy Ma and 50 Cent. “There were lines three blocks down the street before the store even opened. It was crazy.”

For more, download the full article in PDF

NY Observer-032917-Sneaker Stores Are a Shoe-in for Landlords, Especially in Midtown

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.

mann newswire logo

Winick Realty Group Leases Washington Heights Storefront to New Sneaker Store Collaboration

zach-diamond-print-ver-profile-001The Up NYC, a Nike-authorized sneaker store that marks the first collaboration between rapper Fat Joe and entrepreneur Scott Spina, has signed a lease for approximately 3,000 square feet of prime Washington Heights retail at 3806 Broadway.

Spina, a 19-year-old, New Jersey-based sneaker reseller, got his start selling rare shoes to a host of celebrities, including Fat Joe, and many of his celebrity contacts are expected to make surprise guest appearances at The Up NYC.

Fat Joe described The Up NYC as “a store within a store” that is going to be “like a museum that no one’s ever done before.” The store will be a destination for shoppers seeking the newest sneakers on the market, including Nike and Air Jordan, for whom the store will serve as an authorized retailer.

The store, which was created by Nike designers, is situated in a high-visibility location between West 158th and West 159th Street. “Fat Joe is from Upper Manhattan, so he loved this location and is excited to bring his new concept to his hometown,” said Winick Realty Group’s Zach Diamond.

Diamond represented the tenant in the long-term lease transaction, while landlord 3800 Broadway Associates LLC was represented in-house by David Israeli.

For more, download the full article in PDF

mann-newswire-102416-winick-realty-group-leases-washington-heights-storefront-to-new-sneaker-store-collaboration

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.

Citybizlist

Winick Realty Group Leases Washington Heights Storefront to New Sneaker Store Collaboration

up-nycThe Up NYC, a Nike-authorized sneaker store that marks the first collaboration between rapper Fat Joe and entrepreneur Scott Spina, has signed a lease for approximately 3,000 square feet of prime Washington Heights retail at 3806 Broadway.

Spina, a 19-year-old, New Jersey-based sneaker reseller, got his start selling rare shoes to a host of celebrities, including Fat Joe, and many of his celebrity contacts are expected to make surprise guest appearances at The Up NYC.

Fat Joe described The Up NYC as “a store within a store” that is going to be “like a museum that no one’s ever done before.” The store will be a destination for shoppers seeking the newest sneakers on the market, including Nike and Air Jordan, for whom the store will serve as an authorized retailer.

The store, which was designed by Nike designers, is situated in a high-visibility location between West 158th and West 159th Street. “Fat Joe is from Upper Manhattan so he loved this location and is excited to bring his new concept to his hometown,” said Winick Realty Group’s Zach Diamond.

Diamond represented the tenant in the long-term lease transaction, while landlord 3800 Broadway Associates LLC was represented in-house by David Israeli.

For more, download the full article in PDF

citybiz-102016-winick-realty-group-leases-washington-heights-storefront-to-new-sneaker-store-collaboration

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

Ciao time in Midtown East

antico-noe-e1456425687784Antico Noe, the Florence-based panini shop that has been popular with locals and residents since 1945, is bringing their one-of-a-kind sandwiches to New York City.

Winick Realty Group’s Jordan Kaplan and Zach Diamond represented the brand as they leased 1,600 s/f at 220 East 53rd Street.

The storefront gives Antico Noe invaluable exposure to a large daytime population as they meticulously recreate the experience and taste of their famous Florence shop.

“This location has the perfect mix of customers for our brand,” said Michael Grant, who is spearheading Antico Noe’s U.S. expansion. “Look to the left and you have the Lipstick Building and Citicorp Center; look to the right and you have a multitude of newly-built luxury condominiums. It’s exactly the hybrid market we were seeking for our first New York City store.”

Landlord Empire Management was represented by Michelle Guerrero of Pink Stone Realty.

For more, download the full article in PDF

rew_022516_Ciao time in Midtown East

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.

Citybizlist

Winick Realty Group Leases First New York Location for Famed Italian Panini Shop

zach-diamond-print-ver-profile-001Antico Noe, the Florence-based panini shop that has been popular with locals and residents since 1945, is bringing their one-of-a-kind sandwiches to New York City.

Winick Realty Group’s Jordan Kaplan and Zach Diamond represented the brand as they leased 1,600 square feet at 220 East 53rd Street. Located between Second and Third Avenues in Midtown East, the storefront gives Antico Noe invaluable exposure to a large daytime population as they meticulously recreate the experience and taste of their famous Florence shop.

“This location has the perfect mix of customers for our brand,” said Michael Grant, who is spearheading Antico Noe’s U.S. expansion. “Look to the left and you have the Lipstick Building and Citicorp Center; look to the right and you have a multitude of newly-built luxury condominiums. It’s exactly the hybrid market we were seeking for our first New York City store.”

Landlord Empire Management was represented by Michelle Guerrero of Pink Stone Realty.

For more, download the full article in PDF

citybiz-020816-Winick Realty Group Leases First New York Location for Famed Italian Panini Shop

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.