Lease Beat

Zachary ‘Schmackary’ Schmahl Bringing Cookie Goodness to W’burg

Schmackary's logo

The man behind the $2.75 “lip-schmackin good cookies,” Zachary “Schmackary” Schmahl is bringing his sweet corn, maple bacon and mint mojito cookies to Kings County, Commercial Observer has learned.

Schmackary’s Cookie Company will be opening in a 1,000-square-foot ground-floor space at 193 Bedford Avenue between North 6th and North 7th Streets in the Williamsburg neighborhood, according to Newmark Grubb Knight Frank Retail. The space includes an 800-square-foot storage basement and a 450-square-foot backyard space, Mr. Schmahl told CO.  Read More

Lease Beat

Shake Shack Opening Burger Joint in Queens Center Mall

Shake Shack burgers

Shake Shack is upping its game in Queens.

While this might be the third location in the borough for the fast-casual burger joint in the borough, it’s the first in which you don’t need some sort of ticket before even getting online. Shake Shack is slated to open a location on the ground floor of the Queens Center Mall, DNAinfo reported, and will start serving burgers, fries and milkshakes sometime in 2016. Read More

Coming Attractions

Whole Foods Unveils Small-Concept Store Name, Negotiates NYC Leases for New 365 Brand

365 Whole Foods Market logo

Whole Foods Market has revealed the name of its new value-focused brand, 365 by Whole Foods Market, and in New York City, executives are in serious real estate negotiations for 365-branded stores in Manhattan, Brooklyn and Queens, sources with knowledge of the situation said.

The new brand “will allow them to take locations they couldn’t take before because of parking constraints and a tight real estate market,” one of the sources told Commercial Observer. While there are numerous deals in the works in the three boroughs, no lease will likely be announced before a few months’ time, the source added. Read More

Lease Beat

Two Chipotles Coming to the West Side

chipotle logo for website

There are two Chipotle Mexican Grill locations opening on the West Side of Manhattan, one uptown and one in Midtown South.

Chipotle signed a lease at Columbus Square, a development of five apartment buildings and big-name, big-box stores that runs from West 97th to West 100th Streets between Columbus and Amsterdam Avenues, the brokers in the deal said. Read More

Lease Beat

Smoothie Company Inks Deal for New Store Near NYU

60 East Eighth Street.

An expanding smoothie joint is heading downtown with a new store within walking distance from New York University, Commercial Observer has learned.

Pure Green, a health food restaurant that sells smoothies, juices and bowls of açaí, has inked a 10-year deal for 1,000 square feet at 60 East Eighth Street between Broadway and Mercer Street, according to a broker involved in the deal. It’s the fourth planned location for the juice maker, according to its website.    Read More

Lease Beat

Chipotle Opening Interior Design Testing Center at Industry City

Industry City.

Chipotle Mexican Grill will be opening a 9,197-square-foot space at Sunset Park’s Industry City to create and test interior designs for its restaurants, Commercial Observer has learned.

The burrito and taco chain with more than 1,500 restaurants in the U.S. and abroad took a 10-year deal on the fourth floor in Building 4 of the 6-million-square-foot, 16-building manufacturing complex on the South Brooklyn waterfront. Taking rents range from $15 to $35 per square foot. Read More

ICSC 2015

Asian-Fusion Restaurant Signs Lease at SI’s Empire Outlets


Yong Kang Street, an eatery featuring a mix of Chinese, Japanese and traditional Taiwanese cuisine, has signed a lease for 3,500 square feet at the Empire Outlets on Staten Island, according to a press release issued by BFC Partners, the developer of the outdoor mall.

Yong Kang Street will open in late 2016, the release noted, and will be one of the roughly 100 shops to open at that time at the 1-million-square-foot development which will include a hotel, 12 restaurant concepts and a parking garage. Read More

Lease Beat

Bourdain Market’s NYC Location Revealed: Pier 57

Pier 57.

Food celebrity Anthony Bourdain has zeroed in on a location for his Bourdain Market: Pier 57 in the Meatpacking District, Commercial Observer has learned.

The chef is in negotiations for 100,000 square feet at the long-abandoned former shipping and passenger terminal at Pier 57, and the food hall will comprise nearly the entire retail portion at the 560,000-square-foot Pier 57, renamed “SuperPier,” at West 15th Street and the Hudson River, sources with knowledge of the deal said. Apparently the TV host is negotiating directly with the developers. Read More

Lease Beat

Another Pret A Manger Comes to Bryant Park

1071 Avenue of the Americas.

Employees who work at the Bank of America Tower and around Bryant Park will soon have another lunch option; U.K. import Pret A Manger, the coffee and food-on-the-go spot that has popped up around Manhattan, has signed a deal at 4 Bryant Park.

In a new 15-year lease, the company will take 2,100 square feet on the ground level and 1,789 square feet in the basement at the property, which is also known as 1071 Avenue of the Americas. The building sits between West 40th and West 41st Streets. Read More

Lease Beat

Michelin-Recommended Wasan Opening Outpost in Park Slope

440 Bergen Street (Photo: Costar)

Locally sourced Japanese restaurant Wasan, which has had a location at 108 East 4th Street in the East Village since late 2010, is coming to Brooklyn, a broker in the deal told Commercial Observer.

Toshi Koizumi signed a lease with Signa Management for 1,100 square feet on the ground floor and 700 square feet in the basement at 440 Bergen Street at Fifth Avenue, according to Colby Swartz, a broker with Suzuki Capital. He represented the landlord along with colleague Dino Mouzakitis. Mr. Koizumi didn’t have a broker in the transaction. Read More

Lease Beat

Birch Coffee Takes Space at 8 Spruce Street

8 Spruce Street.

Birch Coffee fans will get their java on in Lower Manhattan at 8 Spruce Street by the end of the year, Commercial Observer has learned.

For its seventh location, Manhattan-based Birch Coffee, which serves coffee, tea, food, beer and wine, signed a 10-year lease for the entire 904-square-foot retail space at the 76-story, 904-unit residential New York By Gehry Building between Nassau and William Streets, Birch Coffee’s broker said. The asking rent was $125 per square foot. Read More

Lease Beat

Starbucks Opening Empire State Building Location for Deliveries

Empire State Building.

Starbucks Coffee addicts will now be able to have their beverages delivered to their front door through a new delivery service set to launch in New York City at the Empire State Building, the coffee giant announced at yesterday’s annual shareholders meeting.

On Monday, Starbucks signed a lease for 1,173 square feet on the West 33rd Street side of the Empire State Building at 350 Fifth Avenue, the second lease Starbucks has in the building, a spokeswoman for Empire State Realty Trust, which owns the building, told Commercial Observer. The new lease is for 10 years and the asking rent was $200 per square foot.  Read More