Top 10 Retail Leases of the Month: June
As far as large leases go, one would have to guess that the big boys took off for July 4 early, because the number of leases signed was more modest than we saw in last month’s Retail Details.
The biggest of the bunch was a new food hall by the Cipriani family at the base of GID Development Group’s Waterline Square, a new, three-tower condominium development at 30 Riverside Boulevard on the Upper West Side. The food hall will be 28,000 square feet.
The second-biggest was even more eye-catching: Princi, an Italian bakery, café and Starbucks Coffee offshoot (sort of—it’s partially owned by ‘bucks) took 18,000 square feet at 160 Van Brunt Street in Red Hook and will have a commissary kitchen. Even more interesting: it’s the same property where Elon Musk has his Tesla showroom.
Of course, New York’s tried and true relationship with the big pharmacy continued, with CVS/pharmacy snatching up 10,000 square feet in the retail condo owned by Aby Rosen’s RFR Realty at the base of Wellington Tower, an 18-story condo at 350 East 82nd Street in Yorkville.
Co-retailing—the concept of combining pop-up and shared work space—saw a big hit in Soho this month with Berenik Boutique & Talenthouse N.Y. which took 9,000 square feet at 419 Broome Street for a “curated retail and creative workspace concept store,” according to brokers at RKF.
But far steamier (if smaller) was the 5,000-square-foot lease for the Chinese Hawaiian Kenpo Academy, which kicked its way into a spot at 122 Second Avenue in the East Village.
And we can understand one lease that couldn’t wait until the fall: Oasiq, the outdoor furniture designer, which took 5,000 square feet at 42-44 Greene Street in Soho.
But smaller was the name of the game: Heyday, a skincare boutique, was the more typical, taking 3,800 square feet at 67 West 71st Street on the Upper West Side; the Macklowe Gallery (named for owner Harry Macklowe’s brother, Lloyd, and sister-in-law, Barbara) grabbed 3,350 square feet at 445 Park Avenue in Midtown and Virgil Abloh’s fashion label Off-White (Abloh was creative director for Kanye West) took 2,500 square feet at 51 Mercer Street in Soho. Finally, Togas House of Textiles took 2,100 square feet at 212 Fifth Avenue.