ICSC 2015

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

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

Lease Beat

Bareburger Signs Its Biggest Lease Ever, in East Midtown

251 East 52nd Street (Photo: CoStar)

Bareburger is taking a monster-size bite out Manhattan with the organic, all-natural burger chain’s biggest eatery ever, at 251 East 52nd Street between Second and Third Avenues, in space formerly occupied by Opal Bar & Restaurant, Commercial Observer has learned.

“This is the latest example of Bareburger’s tradition of operating in New York’s most desirable neighborhoods,” said Bareburger’s broker JP Sutro, a director at Lee & Associates NYC, in prepared remarks. “After three years of searching for the perfect Midtown East space, we are excited to bring the largest location to an area bustling with employees and tourists.” Read More

Lease Beat

Baked by Melissa’s Pick-Up Window Returning to Soho

Tie-Dye Baked by Melissa cupcake (Baked by Melissa website).

Less than a year after the closing of a Baked by Melissa pass-through window on Spring Street, the mini-cupcake specialists are returning with a window on the same street, a source with intimate knowledge of the deal told Commercial Observer.

Baked by Melissa launched its bite-size cupcake business in the city with a window at 80 Spring Street in March 2009. That shop closed on July 21, 2014 before a construction project at Broadway and Spring Street commenced, as Grub Street previously reported. Now, Baked by Melissa will be setting up a new window at JTRE‘s 63 Spring Street at the corner of Spring and Lafayette Streets.  Read More

Lease Beat

Birch Coffee Opening Fifth Location, This One in Murray Hill

432 Third Avenue.

Coffee junkies rejoice. A Birch Coffee is coming to Murray Hill, to a space at 432 Third Avenue at East 30th Street, Commercial Observer has learned.

Manhattan-based Birch Coffee, which serves coffee, tea, food, beer and wine, signed a 10-year lease for 450 square feet, according to SCG Retail, which negotiated the deal on behalf of the landlord, Gramercy Construction Management Corporation. The asking rent was $190 per square foot. Read More

Lease Beat

Indian Fusion Eatery Coming to Flatiron District

15 West 27th Street.

Pondicheri, a Texas-based Indian fusion restaurant, is breaking into the New York market with a 3,363-square-foot ground-floor lease at 15 West 27th Street, according to The Wall Street Journal.

As the Commercial Observer previously reported, leasing and management company Kaufman Organization and Principal Real Estate Investors completed the purchase of 13-15 West 27th Street from development company Extell Development last April, as part of a $175 million Madison Square portfolio consisting of four buildings across NoMad and the Flatiron District that belonged to real estate investors Michael and Frank Ring. The properties are currently undergoing $34 million in renovations, The Journal said. Read More

Lease Beat

French-Inspired Rotisserie Chicken Coming to UWS [Updated]

426 Amsterdam Avenue.

Poulette is getting even more serious about its French-inspired rotisserie chicken, opening a second Manhattan eatery, Commercial Observer has learned.

The new 650-square-foot spot is on the ground floor of a five-story Upper West Side residential building at 426 Amsterdam Avenue between West 80th and West 81st Streets. It was occupied by a newsstand until the end of last year. The 10-year lease includes a full-storage basement and an asking rent of $240 per square foot, according to a spokeswoman for Eastern Consolidated. Read More

Lease Beat

Martha Stewart Cafe Isn’t So Much a Cafe as It Is a Kiosk

601 West 26th Street.

Martha Stewart is opening Martha Stewart Cafe inside RXR Realty‘s Starrett-Lehigh Building, as Bloomberg News reported two days ago, but Commercial Observer has learned that the cafe is really a kiosk occupying a mere 150 square feet.

The kiosk, which will replace a seating area on the first floor in the building at 601 West 26th Street between 11th and 12th Avenues, is not enclosed and won’t have any seats, said a source with intimate knowledge of the long-term deal, which was signed within the last 30 days. There were no brokers involved in the deal. Read More

On the Market

Two TGI Fridays Buildings Hit the Market for Lease [Updated]

TGI Fridays at 34 Union Square East. (Lauren Elkies Schram)

Two East Side buildings that are home to TGI Fridays are available for lease, Cushman & Wakefield announced.

C&W’s Joanne Podell, Ian Lerner, Brandon Singer and Chris Stanton have been appointed as the exclusive leasing agent for the three-story, 12,615-square-foot 34 Union Square East at 16th Street and the six-story, 21,000-square-foot 604 Fifth Avenue between 48th and 49th Streets. Read More