● CUSHMAN & WAKEFIELD
Macklowe taps team to sell retail condo
Cushman & Wakefield has been appointed by Macklowe Properties to market the corner retail condominium at the base of 150 East 72nd Street.
Macklowe Properties recently converted 150 East 72nd Street into a luxury condominium property.
150 East 72nd Street provides investors the opportunity to acquire and reposition a retail corner in a world-class corridor.
The property is currently divided into four individual retail storefronts, totaling 4,000 s/f of ground floor space with 1,300 s/f of below-grade space.
Due to near-term lease expirations, three of the units can be combined to create one contiguous corner storefront with 122 ft. of wraparound frontage and exposure on two high-traffic thoroughfares.
A Cushman & Wakefield New York Capital Markets team of Helen Hwang, Nat Rockett, Steve Kohn, Karen Wiedenmann, Gideon Gil and John LiGreci are marketing the site on behalf of Macklowe Properties.
“The retail condominium at 150 East 72nd Street provides investors flexibility to add value by creating one large, corner storefront or subdividing into multiple boutique shops. This is an extremely rare opportunity where an investor can realize their own vision for this prime corner unit,” said Hwang.
“150 East 72nd Street is one of the best storefronts on Lexington Avenue and provides excellent exposure in a market that is renowned for high-end luxury retailers,” said Kohn.
● NEWMARK GRUBB KNIGHT FRANK
Westside Market opening on East Side
Westside Market NYC, the family-owned and operated neighborhood food markets in New York City, has announced that it will be opening its latest location at the base of the new luxury rental building, 84 Third Avenue.
Located in the East Village on the corner of East 12th Street, this marks the fifth Westside Market NYC, and the first for the brand to be located on the East Side of Manhattan.
The two-level store will occupy 18,871 s/f – 10,500 s/f at the ground level and the remaining space at the lower level.
Noticing a gap in the market for food retailers in the area, representatives from 84 Third Avenue felt that adding Westside Market NYC to the building would help further elevate the offerings at the nine-story, 90,000 s/f residential development and the neighborhood overall.
Currently under construction, Westside Market NYC and 84 Third Avenue will be completed early next summer, according to Newmark Grubb Knight Frank Retail’s Stu Morden, Westside Market NYC’s real estate advisor.
● GOLDSCHMIDT & ASSOICATES
Thumbs up for beer warehouse
Half Time is expanding with a new store scheduled to open at 139 Hoyt Avenue, Mamaroneck, New York sometime between Thanksgiving and the beginning of December.
Much like its original flagship facility located in Poughkeepsie, New York, this new location will feature the world’s largest selection of domestic and international beer, beer making supplies and equipment.
The 19,500 s/f wholesale and retail beer warehouse features 50 cooler doors of cold beer from every part of the globe and 22 beers on tap that you can take home in a growler.
Eric S. Goldschmidt, senior partner of Goldschmidt & Associates, Scarsdale, New York represented Half Time.
Goldschmidt located the vacant property formerly used as an industrial site within a short walk to downtown Mamaroneck and its Metro North train station.
The Village of Mamaroneck approved the use and encouraged the redevelopment of this site.
The property owner is Simone Development Companies.
● DOUGLAS ELLIMAN
Gold Coast assignment
Faith Hope Consolo,chairman, and Joseph Aquino, executive vice president of Douglas Elliman’s Retail Group, have been named the exclusive agents for Gold Coast Plaza, currently under construction at the corner of Glen Cove Road at Northern Boulevard in Long Island.
The 18,500 s/ft, two-building, shopping center will have 80 parking spaces and be anchored by international jewelry designer Charles Krypell at his first 5,000 s/f standalone flagship.
The new center is close to the Americana Manhasset and directly across from Wheatley Plaza, home to such trend-setting retail as London Jewelers, Vince Camuto, Brooks Brothers and coop, among others.
“By the time we’ve completed our leasing program, Gold Coast Plaza will be known as the ‘fashionista’s paradise on the corner of Main and Main!’” opined Consolo.