Nets gain for Coney Island
Staying true to its pledge to lease Coney Island space to local businesses in the wake of the damage inflicted by Hurricane Sandy, Thor Equities announced it had secured placements for Brooklyn-based retailers in the heart of the People’s Playground.
The Nets Shop by Adidas, an exclusive Brooklyn Nets gear retailer, Wampum surf-and-skate shop,
Coney Island Convenience and Brooklyn Rock will open at the Stillwell Avenue location.
The Nets Shop by Adidas, an exclusive Brooklyn Nets gear retailer, will be opening at Thor’s 3015 Stillwell Avenue property, following an official “towel-cutting” ceremony that will take place on Thursday, May 23.
Wampum, a surf-and-skate shop, will be opening its third location at the 1232 Surf Avenue property.
Coney Island Convenience, a store featuring local tee shirts, hats and other tchotchkes will all also take space at 1232 Surf. Brooklyn Rock, will be relocating to the Stillwell Avenue location as well, and bringing handmade t-shirts to the neighborhood.
The specialty candy store, IT’SUGAR, will also take space at 1232 Surf.
“Every season, Coney Island draws more than 13 million visitors from all over the world,” said Joseph Sitt, CEO of Thor Equities. “In the wake of Hurricane Sandy, we wanted to both introduce new brands that appealed to both the neighborhood and visiting clientele, and also bring back long-time retailers that are mainstays within the neighborhood.”
The property at 1232 Surf Avenue has a total of 15,000 s/f and has 75 feet of frontage on Surf Avenue, 75 feet on Bowery and 200 feet on Stillwell Avenue. Both the Wampum and Coney Island Convenience stores located at 1232 Surf Avenue will be a total of 2,500 s/f each. IT’SUGAR will take up 2,000 s/f and the Brooklyn Rock store will consist of 1,500 s/f in the 3015 Stillwell Avenue location.
Through the vendor, Van Wagner, Thor Equities will also be placing billboards resembling a rollercoaster scheme on top of its 1232 Surf Avenue property.
● new street realty advisors
Soup’s up on PAS
New Street Realty Advisors announced that Hale & Hearty Soups will open on Park Avenue South.
The brokeraged arranged a long-term lease between 432 Park South Realty Co, LLC, the owners of 432 Park Avenue South and Hale & Hearty Soups for a space situated on the westside of Park Avenue South between 29th and 30th streets.
The space is comprised of a 1,800 s/f on the ground floor with a 500 s/f mezzanine and 500 s/f lowerlevel.
Matthew J.Gorman and Joshua W.Gettler, managing partners of New Street Realty Advisors, acted on behalf of Hale & Hearty. The owner was represented by Joshua Smith of Samco Properties. Hale & Hearty Soups now has 29 locationsin the New York area.
● newmark grubb knight frank retail
New dynasty begins on Third
Newmark Grubb Knight Frank (NGKF) Retail has repositioned 88-96 Third Avenue with two new food and beverage tenants, bringing the property to full occupancy.
Han Dynasty signed a 2,900 s/f lease at 90 Third Avenue for its seventh location nationwide. T
Lefkas Hospitality is taking the remaining 750s/f, with an entrance at 139 East 12th Street, for its second gourmet coffee and wine bar location.
NGKF Retail managing director Jared Lack, who exclusively represents MGM Management’s retail portfolio in New York City, concluded the successful retail leasing campaign for the 10,000 s/f of retail space at the pre-war apartment complex.
“Given its great location and visibility, we arranged to fill this pre-war building complex’s six retail spaces with a wide array of quick service food operators,” said Lack.
“Families benefit from the convenience of having various dining options. Also, the draw from Union Square and several NYU and The New School dormitories adds to the vibrancy of the area.”
Lefkas Hospitality was represented by Lack, and BKR Partner’s Brian Kanarek represented Han Dynasty.