● art alliance
All stiched up
In a transaction that marks the completion of leasing the 8,000 s/f of retail space at The Tapestry – a LEED-Gold, mixed-use development in East Harlem – ABS Partners Real Estate, LLC announced that Art Alliance has signed a 1,500 s/f deal.
After 15 years in Soho as a commercial gallery, the Art Alliance plans to use the space as a studio for featured artist sculptor Leah Poller, and others, as well as to host community cultural events.
With this transaction, the vision for the ground floor space at Tapestry comes full circle.
Tapestry kicked off its retail leasing campaign with No Longer Empty, a non-profit organization whose mission is to introduce art to a wider public.
The opening of the Art Alliance in the last remaining retail space marks the culmination of the vision of using art and culture as a cornerstone of community revitalization.
ABS Partners managing director Mark Tergesen and associate of retail leasing Robert Kempner completed the transaction with the Art Alliance.
Other retail tenants include Tapestry Cleaners and Bagel Tree, East Harlem’s newest gourmet grocery.
The property was developed by Jonathan Rose Companies.
● bantam bagels
Sliding right in
Steve Rappaport from Sinvin has just closed another deal on Bleecker Street.
It’s for Bantam Bagels, a concept that offers a mini bagel as a delivery system for all sorts of fillers.
“Myriad food concepts come across my desk, this has legs and I am sure they will be open all over the City in a short time,” said the veteran Rappaport, makring his 10th deal on Bleecker between 6th and 7th Avenues.
“It’s best food block in the city,” vowed Rappaport.
bantam Bagels will open in the 750 s/f space at 283 Bleeker in late August.
Elyse Oleksak, Cara Rosenbloom and Steve Asch of City Connection represented the landlord, Whistlepig Associates.
●pottery barn teen
Fired up on Second Ave.
Rose Associates has signed a six-year lease extension with Pottery Barn Teen at 1451-1455 Second Avenue.
Pottery Barn has occupied the 1,650 s/f space, located on Second Avenue between 75th and 76th Streets, since 1979.
Bruce Spiegel, senior managing director for Rose, and William Bergman, commercial leasing manager for Rose, represented property owner, Storepark LLC in the transaction.
Pottery Barn Teen was represented by Mark Finkelstein of Retail Strategies.
“We first leased this space to Pottery Barn 34 years ago, and I am pleased that they’ve had success at the location,” said Spiegel.
● MEE NOODLE SHOP
Oodles of noodles
Conrad Bradford of Miron Properties has brought an old favorite back to First Avenue.
The City Bakery and Birdbath recently shut up shop at 223 1st Ave, paving the way for a retunr by Mee Noddle Shop.
It will pay $78 psf for the 2,000 s/f spcae with full basement
A popular neighborhood eatery, Mee Noodle Shop was a fixture at 219 1st Ave. for over 15 years until their building developed structural problems and they were forced to vacate.
“They always wanted to return and will be back, just two doors away, after seven year absence.” said Bradford, who repped both sides in the transaction.
“The landlord knew the tenant and missed their food and the tenant knew the neighborhood and longed to return.”
● harmon international
Sound of success
Cassidy Turley negotiated an 8,500 s/f lease on behalf of global audio products leader Harman International Industries Incorporated at 527 Madison Avenue.
James Frederick, Peter Occhi, and Michael Hofmann, represented owner Mitsui Fudosan America, Inc. Patrick Breslin and Steve Walbridge of Studley, Inc. represented Harman.
The Cassidy Turley team is the exclusive agent for 527 Madison Avenue. Harman will launch its first U.S. flagship showroom in the fall.
Said Frederick, “We are confident Harman’s premium product line and state-of-the-art facility will reinforce the cache of 527 Madison and contribute to the growing popularity of the Madison Avenue retail corridor.”
