Joe Sitt, of Thor Equities.

Fifth Avenue Still on Top, Despite What Study Shows

Fifth Avenue’s drop from the top spot of Cushman & Wakefield’s list of the world’s most valuable shopping destination has more to do with surging rental rates in Hong Kong than it does a loss of value here in New York. That city’s Causeway Bay now holds the distinction of being the most expensive strip Read More

The Plan

CO Page 30 - The Plan

Retro Fitness’ New Brooklyn Gym

Since 2010, when Retro Fitness opened its first New York area location in Staten Island, the low-cost fitness center has been making major inroads on the East Coast.

Now boasting six locations within the five boroughs, Retro’s low $19.99-a-month fee has been giving its closest competitor, Planet Fitness, a run for its money.

With a new lease on Avenue Y in Brooklyn signed earlier this month, and a projected 30 locations throughout the five boroughs in the next three years, Jack Terzi, a tenant rep for Retro Fitness and president of the brokerage firm JTRE, reviewed the floor plans of its soon-to-open gym at 1623 Flatbush Avenue with The Commercial Observer and explained why the rapidly expanding company chose to open in the Flatlands section of Brooklyn.
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Lease Beat

Courtesy of Immaculate Infatuation

Meatball Shop Set to Open on the Upper East Side

The popular New York-based restaurant chain Meatball Shop is set to open a new location in Manhattan.

The new restaurant located at 1462 Second Avenue will become the fifth location in the city. The space was previously occupied by a hardware store and features 2,000 square feet of open space divided between the basement and Read More