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

Lease Beat

YogaWorks Building First Brooklyn Location

YogaWorks

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

Wired City

Google Helpouts Could Be an Asset to Brokers

Google Helpouts

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.

Read More

On the Market

Unique Fifth Avenue Retail Space Is on the Market

585 Fifth Avenue

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. Read More

Retail

Related Picks Winick to Market Luxury Tower Retail

(Emporis)

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

Expansions

Winick Builds on Garden State Expansion With Jersey Investment Sales Division

Urszula Zoltek

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.” Read More

Lease Beat

Sleepy’s to Bed Down on 34th Street

45west34

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.” Read More

Lease Beat

Big Smoke Burger Bringing Poutine to NYC

home_01

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.” Read More