Lease Beat

Winick Leases Three Spaces at 400 Broome Street

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Winick Realty Group has leased three spaces to fill the repositioned retail space at 400 Broome Street, Commercial Observer has learned.

Asking rent for all three spaces was $150 per square foot, and lease terms are 10 years, according to Aaron Fishbein of Winick, who, along with Executive Vice President Darrell Rubens, represented building owner Coral Broome Street LLC in the transactions. Read More

Lease Beat

Manhattan Athletic Club Will Open a Brooklyn Gym

388 Bridge Street.

The Manhattan Athletic Club signed a 15-year, 15,000-square-foot lease to take over the fifth and sixth floors of Stahl Organization’s 53-story luxury residential tower at 388 Bridge Street, the two companies announced yesterday.

Officials from Stahl and the health club negotiated directly without any brokers to bring in the gym that will offer laundered workout clothes and 50 group fitness classes at the Downtown Brooklyn structure that’s currently the tallest building in the borough. Read More

Lease up

Winick Leases Up LIC’s EastCoast Development

EastCoast development.

Winick Realty Group has finished leasing the eight retail spaces in TF Cornerstone’s massive EastCoast development on the banks of the East River in Long Island City, Queens, Winick announced today. The most recent lease in the 30,000-square-foot retail space was for European Wax Center, whose 1,252-square-foot space is under construction.

Other tenants that have or will fill the spaces along the seven-tower luxury development’s main drag, Center Boulevard, include fitness studio I Love Kickboxing, which took 2,967 square feet, and Mimi & Mo, a children’s salon and clothing store, which signed a lease for 1,239 square feet. An Italian restaurant from TD Restaurant Group, whose name has not yet been released, will fill a 7,733-square-foot waterfront space with an outdoor terrace. Read More

Lease Beat

Private Learning Center Signs Lease at Affordable Housing Complex [Updated]

444 2nd Avenue

A private early learning center signed a 15-year lease in a renovated 6,416-square-foot retail space on the ground floor of an affordable housing complex at 444 Second Avenue in Kips Bay, Winick Realty Group announced today.

Explore & Discover will open an eight-classroom, 80-student school for children aged 3 months to 2 years this September following a $20 million renovation last year by Henry Phipps Plaza, an owner, developer and manager of affordable housing that owns the 33-story, 247-unit building. Read More

Lease Beat

Dear…Great Jones?

37 Great Jones Street. (StreetEasy)

The designer fashion boutique Dear Rivington has signed a 10-year lease at 37 Great Jones Street, Commercial Observer has learned.

The new location will feature 2,000 square feet of retail space on the ground floor and 1,300 square feet on a lower level. The space also has a private entrance—an attractive feature for the store’s high-end clientele, according to Aaron Fishbein, who represented the fashion brand for Winick Realty Group along with colleague Darrell Rubens. Read More

Real Estate Tech

Winick Establishes Location Analytics Department [Updated]

Kenneth Hochhauser.

Winick Realty Group has started a location analytics department, meeting customer demand for empirical evidence in decision making, Commercial Observer has learned.

In addition to standard demographics from the U.S. Census Bureau, Winick is using other public databases such as Metropolitan Transportation Authority ridership data and PLUTO data on ownership as well as private sources like Facebook, Twitter and Foursquare, said Kenneth Hochhauser, who is heading up the two-person department. Read More

On the Market

Winick Realty Markets Fort Greene Retail Opportunity

180 Myrtle Avenue Rendering.

Winick Realty Group is marketing more than 43,000 square feet of retail space in the Fort Greene section of Brooklyn, Commercial Observer has learned. The units are located within luxury mixed-use buildings being developed by John CatsimatidisRed Apple Group.

“Together with Winick Realty Group, Red Apple embraces the opportunity to create a synergy of development in the neighborhood and bring this groundbreaking retail opportunity to market, further complementing the new residential and office uses in the immediate vicinity,” Diana Boutross of Winick said in a prepared statement. Read More

On the Market

Retail Space Up for Grabs at Century-Old Emmet Building

95 Madison Avenue.

Winick Realty Group is marketing a 20,555-square-foot multi-level retail opportunity at 95 Madison Avenue.

In a statement announcing the offering, the firm stated that part of the Emmet Building’s appeal lies in its proximity to notable hotels, retail outposts and residential developments sprouting in the heart of Madison Square’s furniture district. Read More

Lease Beat

Gagosian Gallery Takes UES Space [Updated]

821 Park Avenue. (Credit: PropertyShark)

Gagosian Gallery, the collection of art galleries owned by Larry Gagosian, will open a new location in a 1,000-square-foot retail space at 821 Park Avenue next week. Commercial Observer has learned the gallery signed a two-and-a-half-year lease with asking rent of $25,000 per month.

The tenant, headquartered at nearby 980 Madison Avenue, will open the new gallery on April 3 with an exhibition of work by Swiss artist Urs Fischer. Read More

Competitive Market

Lightstone Group Launching Contest at 1407 Bway

Lightstone Group's eye popping scaffolding bridge around 1407 Broadway. (Credit: Evan Joseph)

As The Lightstone Group continues its repositioning of the Garment Center building, 1407 Broadway, the owner will be holding an ideas competition starting April 2, Commercial Observer has learned. The prizes: $14,000 for the winner and $3,000 for the three runners-up.

Space Forward: Ideas Competition calls for designers and any other creative folks to create the ideal work environment in the office tower between 38th and 39th Streets. The idea behind the competition is to “foster an environment that sparks creativity and collaboration through the building’s new office spaces, amenities and creative tenant mix,” according to information from Lightstone. Read More

Lease Beat

Global Chinese Jeweler Sets Record at 585 Fifth Avenue

An illustration depicts signage opportunities at 585 Fifth Avenue

Global Chinese jewelry company Lao Feng Xiang Jewelry has signed a long-term lease for its first North American retail store and showroom at 585 Fifth Avenue.

The store, set to open this fall, will span 6,100 square feet across three floors and a basement space, and the company plans to brand the entire six-story building in celebration of establishing a United States presence in New York City.

Read More

Big Moves

Lori Shabtai Departs Winick, Mulls Next Move

Lori Shabtai

Broker Lori Shabtai has left Winick Realty Group, where she started her real estate career in 2005, Commercial Observer has learned.

She said she left of her own accord and is contemplating her next career move while penning a series of books about her life. She said she has been in talks with people in various industries about job opportunities, but declined to elaborate.  Read More

On the Market

Former Bacchus Wine Location Hits the Block

2056 Broadway

Winick Realty Group is bringing a retail space at 2056 Broadway, between West 70th and West 71st Streets, to the market on behalf of the Brodsky Organization.

The retail at 2056 Broadway consists of a 900-square-foot ground floor and a 1,900-square-foot storage basement with 25 feet of frontage along Broadway. Read More

On the Market

Former 7-Eleven Hits the Market on St. Mark’s Place

Photo: EV Grieve

“Retail for lease” signs went up yesterday at the just-closed 7-Eleven on St. Mark’s Place.

EV Grieve reported the branch closure on November 30, begetting a chorus of “good riddance” sentiments from the site’s largely anti-chain commenters. It was a rare setback for the quintessentially suburban convenient store behemoth as it continues to gobble up Manhattan real estate. Last year, the company opened 27 stores in the five boroughs, bringing it to 124 locations. Read More