Year in Real Estate

The House That L’Oreal Built

hudson-yards-rendering

Back in 2011, Coach agreed to pay a reported $750 million for its 740,000-square-foot global corporate headquarters in Related’s South Tower at Hudson Yards. 

That deal may have been the official stamp of approval for the massive project rising on the city’s west side, but the announcements in April that SAP America, Inc. and L’Oréal Read More

Lease Beat

BMCC Inks Long-Term Renewal at 255 Greenwich Street

255 Greenwich Street

The Borough of Manhattan Community College has signed a 20-year, 167,027-square-foot renewal at Jack Resnick & Sons255 Greenwich Street.

The school, part of the City University of New York system, has been a tenant in the building for a decade and will remain on the entire second and entire 10th through 14th floors.

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Wired City

Fairway Market Creates App, Adds Wi-Fi

Fairway

As technology continues to expand, more businesses are adding Wi-Fi.

Fairway Group Holdings Corp. is among grocery store chains beefing up technology at its locations and making shopping easier for customers who complete tasks on devices.

Customers shopping in the stores can now log on to Wi-Fi to access the Web and the company’s new mobile application. Fairway, who has about a dozen stores around New York City, announced that is has developed a new mobile app that will allow customers to create shopping lists, cook and more.

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Lease Beat

Fairway Market Inks on Far West Side at Hudson Yards

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Fairway Market, the upscale grocer with more than a dozen locations across the tristate area, has inked a 46,000-square-foot deal at the center of the highly anticipated Hudson Yards complex.

The new location, Fairway’s 14th, will open at the corner of West 30th Street and 10th Avenue in what is being referred to as the South Tower of Hudson Yards. It’s slated to open in 2015, according to Crain’s New York, which first reported the news last week.

With annual revenues totaling $800 million, the grocer has been expanding rapidly in recent years. The company initially took space outside the city with markets opening in Paramus, New Jersey; Stamford, Connecticut; and Pelham Manor in Westchester.

Fairway also opened locations on the Upper East Side and Queens in 2011, Kips Bay in 2012, and most recently Chelsea on the Avenue of the Americas in July. Read More

Lease Beat

Fairway Set to Open Fourth Location

Courtesy of Off The Broiler

Fairway has inked a lease deal in Kips Bay Plaza for its fourth Manhattan location.

The grocery store will grab a 42,000-square-foot corner lot at 542-580 Second Avenue. The space will occupy 2,000 square feet on the ground level and escalators and glass elevators will bring shoppers to a massive 40,000-square-foot lower level with 20-foot Read More