RKF has arranged a 5,000 s/f lease with CoolVines in the Modera Lofts at 350 Warren Street in Jersey City.
This will be the upscale chain’s second store in Jersey City.
RKF Senior Managing Director Glenn Beyer and Senior Associate Robert Mackowski arranged the lease and represented both the tenant and the landlord, Millcreek Residential, in the transaction.
Situated a few blocks from the Grove Street PATH Station and the Harborside Light Rail station, CoolVines’ wine and spirits store will be within the newly renovated Modera Lofts, a 500,000 s/f former warehouse originally built in 1904 and converted to a residential building comprising 366 units.
The Powerhouse Arts District has experienced tremendous revitalization in recent years. Former industrial structures are undergoing extensive redevelopment, attracting residents who want to be near the Hudson River Waterfront Walkway and enjoy astounding views of the New York City skyline.
Retailers are relocating here to cater to downtown Jersey City’s growing residential population, including, Club Metro USA, Ample Hills Creamery, Jimmy John’s Cycle Bar, Sprout Market and Powerflow Yoga.
“Jersey City is a thriving hub of dining, culture and retail in the New York metropolitan area,” explained Mackowski.
“CoolVines expanded into this market because of the success of its first Jersey City location, which is winning rave reviews for its selection of high-quality wines and spirits. CoolVines will thrive in the Powerhouse Arts District among the neighborhood’s ongoing redevelopment.”
