Assignments

Douglas Elliman Markets Fifth Avenue Stores Vacated By Arden B., Mesa Grill

The soon-to-shutter Mesa Grill at 102 Fifth Avenue. (Photo Courtesy of Douglas Elliman)

Douglas Elliman Retail Group Chairman Faith Hope Consolo and Executive Vice President Joseph Aquino are marketing the adjacent retail spaces at 102 and 104 Fifth Avenue in the Flatiron District.

The 4,000-square-foot 102 Fifth Avenue will soon be vacated by Mesa Grill, celebrity chef Bobby Flay‘s 22-year-old Southwestern restaurant, whose possible closure Zagat first reported nine months ago. The 150-seat restaurant was due to shutter today, but the landlord gave it a 90- to 120-day extension.

The women’s clothing and accessories chain Arden B. already closed at the 2,200-square-foot 104 Fifth Avenue. Combined, the stores have 60 feet of frontage.

“Right now we’ve got a half-dozen offers and we haven’t said yes to anybody,” Mr. Aquino said. “A couple of restaurants want to take Mesa Grill, another two want to take all of both spaces for retail and another two are interested in the former Arden B.” Read More

Lease Beat

Athletic Apparel Maker Lululemon Leases Upper East Side Pop-Up

lulu

Canadian workout apparel maker lululemon athletica inked a four-month lease for a pop-up space at 1142 Third Avenue, across the street from its flagship store currently undergoing dramatic renovations.

The approximately 2,750-square-foot interim store replaces another temporary showroom from Uniqlo. More firmly rooted neighbors include Thierry Rabotin, Arden B and Bare Escentuals.

Douglas Elliman Retail Group Chairman Faith Hope Consolo and Executive Vice President Joseph A. Aquino represented the landlord, WM Westminster LLC. RKF represented the tenant. Read More