Category : Retail

Ceruzzi, Kuafu sign Old Navy at new Upper East Side tower
Deals & DealmakersRetail

Ceruzzi, Kuafu sign Old Navy at new Upper East Side tower

REW
by REW2155
Ceruzzi Holdings and Kuafu Properties have executed a lease with Old Navy, a division of The Gap, for an 18,500 s/f retail location in its upcoming 18-story, 61-unit luxury condominium building at 147 East 86thStreet. Ripco vice chairman/principal Andrew Mandell represented ownership in the transaction, while Robert K. Futterman &...
Retail

Counselors say too much retail space has lead to slump in North America

REW
by REW1362
Is the retail slump in the U.S. worse than in other countries? This hot-topic question on the program of The Counselors of Real Estate professional association’s 2017 annual convention in Montreal last week drew nearly 200 attendees into an interactive discussion of the issue. Nicholas Chatzitsolis, CRE, managing director, Axies...
New retail REIT ShopOne looking to cash in on market dislocation
Debt & EquityRetail

New retail REIT ShopOne looking to cash in on market dislocation

REW
by REW1648
ShopOne Centers REIT Inc. announced the formation and launch of its new platform, a private real estate investment trust (REIT) focused on acquiring, operating and managing grocery-anchored shopping centers. ShopOne is led by retail real estate veteran Michael Carroll, chief executive officer, who will be assembling an executive team. The...
Retail

Eastern Consolidated team closes four leases on LES and East Village on same day

REW
by REW2610
Eastern Consolidated Senior Director and Principal James Famularo has announced that his team closed four leases totaling 10,880 square feet on the Lower East Side and East Village. These deals bring to over 20 the number of leases Famularo’s team has recently arranged in these two neighborhoods. “The East Village and Lower...
Retail

Blockbuster deal to bring Lionsgate Entertainment City to 11 Times Square retail

REW
by REW2414
SJP Properties believes it has finally solved the riddle of its white elephant retail space in the heart of Times Square with the opening of a virtual reality world of blockbuster movies. Movie giant Lionsgate is partnering with theme park company Parques Reunidos to open the first Lionsgate branded indoor entertainment...
Retail

Apparel brand RYU to open at the Lewis Steel Building in Williamsburg

REW
by REW1414
Athletic apparel retailer Respect Your Universe is opening at the Lewis Steel Building in Williamsburg. The Vancouver-based brand signed a 2,800 s/f lease. It expects to open its new location in the first quarter of 2018. “We are excited to announce this important next step in the growth of RYU...
Retail

Chinese restaurant Junzi Kitchen opening second NYC location in SoHo

REW
by REW1649
Junzi Kitchen, a new-generation quick-service Chinese food experience, will open its second location in New York City, and third branch overall, in the spring of 2018. Located on Bleecker Street, at the cross-section of the buzzing and eclectic SoHo and Greenwich Village neighborhoods near New York University, the new restaurant...
Shake Shack opening in the West Village
Retail

Shake Shack opening in the West Village

REW
by REW1552
Shake Shack is opening in the West Village. The fast-food chain has signed a 15-year, 27,000 s/f lease at 225 Varick Street. The new location will house Shake Shack’s new flagship restaurant, home office and test kitchen. “Shake Shack selected a high visibility, flexible, moderately priced location and space, with...
Fashion designer Michael Boris opens UES location in time for Fashion Week
Retail

Fashion designer Michael Boris opens UES location in time for Fashion Week

REW
by REW2278
The Worldwide Leasing Team of Faith Hope Consolo at Douglas Elliman arranged the lease for couture fashion designer Michael Boris at 979 Lexington Avenue, between 70th and 71st streets. Open in time for New York Fashion Week, the location will feature his ready-to-wear collection and will complement the atelier’s already...
Retail

Momofuku, Bluebird by D&D opening at Time Warner Center

REW
by REW1613
The Shops at Columbus Circle are set to welcome an outpost of the famed Bluebird by D&D and a new location of Momofuku Noodle Bar to the Restaurant and Bar Collection at Time Warner Center. Bluebird by D&D will open in the Spring of next year with Momofuku Noodle Bar...