Chipotle signed a lease at Columbus Square, a development of five apartment buildings and big-name, big-box stores that runs from West 97th to West 100th Streets between Columbus and Amsterdam Avenues, the brokers in the deal said.
Serving up burritos, tacos, burrito bowls and salads at 805 Columbus Avenue on the southeast corner of West 100th Street, Chipotle will join Petco, Verizon and Starbucks and a school on the second floor. Also in the complex is Whole Foods, T.J. Maxx and Sephora. The deal, signed roughly two weeks ago, is for 2,564 square feet, said Kelly Gedinsky of Winick Realty Group, and the asking rent was $165 per square foot.
Ms. Gedinsky and Winick’s Jeff Winick and Charles Rapuano handle leasing for the 500,000-square-foot retail portion of the project owned by Stellar Management and the Chetrit Group. The retail space at 805 Columbus is roughly 33,500 square feet, and is now 100 percent leased, Ms. Gedinsky said. Kenneth Hochhauser of Winick Realty Group represents Chipotle in Manhattan.
“Wherever the right site in the trade area has been identified, we go after it,” Mr. Hochhauser said.
At Empire State Realty Trust‘s 1400 Broadway between West 38th and West 39th Streets, Chipotle will be opening a 1,500-square-foot store, Mr. Hochhauser said. The asking rent was $400 per square foot. Jared Lack of Newmark Grubb Knight Frank represented ESRT in the deal. Mr. Lack declined to comment via spokeswoman. A spokesman for ESRT didn’t respond to a request for comment.
Both leases are for 15 years.