YogaWorks is breaking into Brooklyn.
The company announced plans for a 5,800-square-foot studio in the up-and-coming Brooklyn Heights Plaza at 210 Joralemen Street in Brooklyn Heights.
“Getting the opportunity to be a part of the newly constructed Brooklyn Heights Plaza is such an incredible opportunity for our brand,” said Phil Swain, CEO of YogaWorks, in a statement. Read More
Google has a new service on the way: Helpouts, a program that allows users to connect with experts in real-time on a variety of topics. In his article for Inman, Paul Hagey predicts that Helpouts could become an important tool in the fee-for-service real estate model, helping agents deliver their services faster.
So could it be useful took for commercial brokers? Our experts weigh in.
On the Market
An unusual small floor-plate building on an evolving stretch of Fifth Avenue is on the market.
The retail space at 585 Fifth Avenue features 6,100 square feet of retail space spread out between the lower-level, ground, second and third floors. Joseph Isa and Brian Tregerman of Winick Realty Group are marketing the property on Fifth Avenue between 47th and 48th Streets.
Related Companies has selected Winick Realty Group to exclusively market four newly-constructed retail spaces that will anchor a 34-story luxury residential building at 500 West 30th Street.
Located at a crossroads between the High Line, Chelsea and Hudson Yards, the tower offers retailers a space at the base of 390 residential units set to be Read More
Months after launching a New Jersey office, Winick Realty Group is doubling down across the river with a New Jersey investment sales division.
“The investment sales market is red hot right now, with a substantial amount of business that reaches prerecession levels,” Tyler Bennett, a senior vice president and founding partner of the office, said in a prepared statement. “We believe it is the right time to launch an investment sales division to meet this demand.”
Mattress retailer Sleepy’s will open its ninth Manhattan location later this year after signing a 15-year, 8,500-square-foot lease for the second floor at 45 West 34th Street. Asking rent was $90 per square foot.
“The second floor was really the floor we were focusing on to get a retailer,” said Dana Moskowitz, president of EVO Real Estate Group, which represented the landlord, 34th Street Commercial Properties, in the deal. “It has excellent window exposure along 34th Street and I think that is what attracted Sleepy’s.”
Toronto-based fast casual chain Big Smoke Burger will soon be offering poutine–with real Ontario cheese curds and gravy–to New Yorkers after signing a lease at 70 Seventh Avenue.
“This is a great location to launch Big Smoke Burger in the New York market,” said Alexander Hill of Winick Realty Group, who represented the landlord, Group 868 Inc., in a prepared statement. “This area of Chelsea is growing rapidly with the 1, 2, 3 subway stop right nearby, the storefront is going to get seven-day foot traffic.”
When Winick Realty quietly began marketing a pair of high-end retail spaces at 28 West 20th Street eight months ago, potential suitors lined up quickly with hefty offers.
The properties, which can be combined for a total of 12,000 square feet, once housed a nightclub and are packed with lounge and amenity spaces. It’s been used as the backdrop for several big-screen productions, but while the sleek interior is fit for a range of high-end uses, with ceiling heights hitting 16 feet, the ownership group is waiting for a tenant who is not only willing to hit the competitive asking rents but carry a reputation that will brand the building and prosper for years.
“We have the luxury of not only looking for the dollar, but we want the experience,”
Winick broker Ross Burack told The Commercial Observer last week, confirming that “big name restaurants” have put in offers, but also that he’s “marketing to fitness use, health club use… really everyone,” as long as they fit the bill.
Mr. Burack sat down with The Commercial Observer for a sneak peak on the lay of the sprawling retail condo.
In 2009 and 2010 “you could have rolled a bowling ball down the aisle” at the International Council of Shopping Centers’ RECon conference “and it wouldn’t have hit anybody,” Massey Knakal executive vice president of retail leasing Benjamin Fox told The Commercial Observer.
But when an estimated 33,000 real estate professionals converged upon one million Read More
Pharmacy CVS Caremark has signed a 15-year lease for 21,158 square feet at 3 Columbus Circle, it was announced this morning. Asking rents were not disclosed.
The lease is for the vacant part of the 768,565-square-foot building’s ground floor and a portion of the second floor, according to a statement from SL Green Realty, the landlord in partnership with The Moinian Group. The pharmacy is expected to occupy the space beginning June 1.
A team from Winick Realty Group is exclusively marketing two retail properties totaling 6,400 square feet on behalf of Abington Holding, The Commercial Observer has learned.
Winick President Steven E. Baker, Director Michael Gleicher and David Lawford will market a built-out lounge at 125 East 54th Street with 400 square feet of ground floor space and a 3,600-square-foot subterranean floor with 14-foot ceilings. The spot currently houses The Volstead, a nightspot named after late congressman Andrew Volstead, the father of prohibition.
Central Medical Services of Westrock, a medical practice specializing in workers’ compensation cases, has signed a 10-year, 4,150-square-foot lease on the ninth floor of Forest Hills Tower in Forest Hills, Queens, The Commercial Observer has learned. Asking rent for the building is in the mid-$30s per square foot.
CMSW will occupy the space in the Muss Development property at 118-35 Queens Boulevard beginning in May. The practice is headquartered in Brooklyn with satellite offices in Jamaica, the Bronx, Syosset and White Plains.
Schnipper’s Quality Kitchen has signed a lease to occupy 3,021 square feet of ground level retail and storage space at 570 Lexington Avenue, The Feil Organization announced today, confirming previous published reports that the fast-casual restaurant was eyeing the space.
Known for its burgers, fries, shakes and other old-fashioned American-style offerings, the restaurant will open in the fourth quarter of 2013, joining upscale restaurant Mr. K’s at the property.
“We wanted a tenant that would be an amenity for the building and the area,” said Brian Feil, VP of Leasing at the firm, in a statement. “There are not a lot of fast-casual restaurants in the area and Schnipper’s will be perfectly situated to serve this prestigious Lexington Avenue corporate corridor.”
Mark Burnett, the television producer responsible for Survivor, Celebrity Apprentice and much of today’s reality TV landscape, is enjoying a scripted rebirth with his History Channel hit The Bible. Now, the five-part, 10-hour miniseries is tied to an exhibition of biblical artifacts at 450 West 14th Street in the Meatpacking District, a neighborhood whose many reincarnations have never tilted toward the spiritual.
Kelly Gedinsky of Winick Realty Group helped arrange a license agreement with WCMG Events, the marketers of The Bible Experience, for a pop-up show that opened on Tuesday night and runs through March 28th. The installation takes up 7,500 square feet in a building that formerly housed Cudahy Cold Storage and now counts Uniqlo and Alice + Olivia as tenants.
Columbia University has hired a team from Winick Realty Group to market 1,690 square feet of retail space at 2884 Broadway, The Commercial Observer has learned.
Winick Executive Vice President Kenneth Hochhauser, Director Michael Gleicher and associate David Lawford will represent the Ivy League University as it seeks a retail tenant to replace Card-O-Matic, a stationery and novelty shop. The lot, with 1,240 square feet of ground floor and 450 square feet of basement space, is on Broadway between 112th and 113th Streets, near the campus’s main entrance gate.
It’s also two doors down from Tom’s Restaurant, the greasy spoon made famous when Seinfeld used its wraparound neon sign in exterior shots.