Real Estate Weekly
Image default
Retail

Celebrity-favorite jeweler leases downtown space

A custom jeweler popular with celebrities like Bella Hadid and Kendall Jenner has leased 5,000 s/f of space in Chinatown.

Jamie Katcher, Douglas Regal and Sebastian Infante of Cushman & Wakefield brokered the deal for The M Jewelers 243 Canal Street, a 30,000 s/f building located between Lafayette Street and Centre Street. Jeremy Aidan of Isaacs and Company acted on behalf of the tenant.

243 Canal Street

Michael Alvandi’s City Urban Realty acquired the pre-war building in a joint venture with Stellar Management for $25 million in 2016. The six-story property was then repositioned during a two-year renovation and restoration which included a new lobby, storefront and floors.

The existing retail store – now occupied by Santander Bank – was upgraded and six floors of former manufacturing space turned into creative offices.

The M Jewelers will utilize is new space as a showroom with production space.

“The M Jewelers is a well-known name in the fashion industry and we’re excited to have them as a tenant in the building,” said Alvandi. “They’re positioned between Soho and Chinatown, at the foot of the Canal Street 6 train stop and a block from the N, R, Q and W subway station.”

(Visited 1 times, 1 visits today)

Related posts

Gyms finding their way back to New York after COVID pause

REW

Retailers jostle over cut-price space as Brooklyn market looks for solid ground

REW

Halloween store looks for a treat after cruel COVID trick

REW