District Tap House Takes 10K SF For New Location in Midtown
By Danielle Schlanger March 6, 2015 12:01 pmreprints
District Tap House, an American bar and bistro that features 50 beers on tap, has signed a lease for its second location at 252 West 37th Street between Seventh and Eighth Avenues, only a block away from its other location at 246 West 38th Street.
A spokeswoman for Winick Realty Group, which represented District Tap House in the deal, told Commercial Observer that the new location has taken 9,800 square feet at a space that was home two former fabric stores, which were combined to create the restaurant. The restaurant will include space on the ground floor, mezzanine and basement.
“It’s a very up and coming area, [from] West 34th to 42nd Streets [and] Fifth Avenue to Ninth Avenue,” said Winick’s Richard Smith, who represented District Tap House in the transaction. “The area has transformed because a number of hotels and apartment buildings have been built there and there are a lot more coming.”
New properties being constructed in the area include hotels at 218 West 35th Street and 321 West 35th Street.
Mr. Smith attributed the new demand in this pocket of Midtown to the change in tenants from being primarily those working in the Garment District to professionals including architects, accountants and attorneys. The proximity to the Long Island Railroad and the Port Authority Bus Terminal is also a draw.
Mr. Smith also noted that asking rents for retail on the area’s side streets vary from $50 to $120 per square foot. He declined to provide the asking rents on the District Tap House transaction.
Eretz Group, the landlord, was represented in-house by Nicholas Mok.
The restaurant is expected to open by Oct. 1.