A fast-growing health club and an old-fashioned cinema took center stage at the Real Estate Board of New York’s (REBNY) 21st Annual Retail Deal of the Year Awards Cocktail Party at Convene last night (Tuesday).
Recognized as the most meaningful transaction in its overall characteristics and importance to the New York City retail market, “Remember the Alamo: How a Movie Theater Lease Unlocked 200,000 SF of Retail Space Downtown at 28 Liberty” at Fosun’s 28 Liberty Street, transacted by Ross Kaplan and Jeffrey D. Roseman of Newmark Knight Frank, was honored as The Most Significant Retail Deal of the Year. The pair are pictured top with NKF’s Weiss.
This is Jeffrey Roseman’s fifth time winning a REBNY Retail Deal of the Year Award and Ross Kaplan’s first.
Demonstrating exceptional ingenuity and creativity, The Most Ingenious Retail Deal of the Year title was awarded to: “Deal of a Life Time: One Wall Street” at 1 Wall Street.
RKF’s Peter Whitenack, Jackie Totolo, Scott Zinovoy represented Macklowe Properties in the transaction. The Dartmouth Company’s Joe Mastromonaco and Fritz Kemerling represented Life Time Fitness.
“The work of this year’s Retail Deal of the Year award winners demonstrates the importance of innovative brick-and-mortar spaces in our constantly evolving retail market,” said REBNY President John H. Banks. “The award winners have demonstrated effective navigation of opportunities in the retail sector while positively contributing to the life and growth of New York businesses.”
“Among the many noteworthy retail transactions closed by REBNY brokers this year, the deals highlighted this evening stand out for their remarkable vision,” said REBNY Retail Committee Co-Chair Steven A. Soutendijk. “We congratulate the award winners for their achievements and their commitment to excellence, which are significant for both our industry, and for New York.”
Sponsors of the 21st Annual Retail Deal of the Year Cocktail Party were: Brookfield Properties, Colliers International, Empire State Realty Trust, Newmark Knight Frank, the New York Times, SL Green Realty Corp., RXR, RKF, Cushman & Wakefield, and Vornado Realty Trust.
ABOUT THE RETAIL DEAL OF THE YEAR AWARD RECIPIENTS
The Most Significant Retail Deal of the Year
In a deal transacted by Newmark Knight Frank’s Jeffrey D. Roseman and Ross Kaplan, the popular dine-in movie theater Alamo Drafthouse Cinema signed a 40,000 square-foot lease at Fosun’s 28 Liberty Street. Alamo Drafthouse Cinema plans to open its new 12-screen multiplex at 28 Liberty in late 2019.
The Most Ingenious Retail Deal of the Year
In this deal brokered by RKF’s Peter Whitenack, Jackie Totolo and Scott Zinovoy and The Dartmouth Company’s Joe Mastromonaco and Fritz Kemerling, Life Time Fitness signed a 74,000 square-foot lease at Macklowe Properties’ 1 Wall Street. This will be the luxury athletic center’s second Manhattan location, and will span four floors of the 1 Wall Street building.