● DELANCEY STREET ASSOCIATES
Bike store joins Essex Crossing retail
Bike retailer Hilltop Bicycles will open its newest branch at Essex Crossing’s 175 Delancey Street.
The 2,000 s/f ground floor shop will open in August as the 1.9-million square foot, nine-site development reaches 90 percent open or under construction.
Developers Delancey Street Associates, a joint venture of the Prusik Group, L+M Development Partners, BFC Partners, Taconic Investment Partners and the Goldman Sachs Urban Investment Group, made the announcment.
“Bringing a top bicycle shop to the Lower East Side was a goal as soon as we began planning Essex Crossing’s retail,” said S. Andrew Katz, principal at the Prusik Group.
“With the Williamsburg Bridge’s significant bicycle traffic and proximity to the store’s location, we have a unique opportunity to serve New York City’s growing cycling community.”
Hilltop, a Summit, NJ-based bike shop, opened its first location in 2012 and has grown to become the largest bicycle retailer in New Jersey.
For its Essex Crossing location, Hilltop has partnered with Specialized Bicycle Components, a California-based manufacturer. The two companies will showcase commuter, fitness and race bikes, as well as a Specialized Turbo line-up of eBikes .
Hilltop joins a mix of tenants at 175 Delancey Street that includes Wells Fargo, and GrandLo Café, a job-training coffee shop run by Grand Street Settlement.
The 14-story building, designed by Dattner Architects, is also known at the Frances Goldin Senior Apartments and includes 99 fully occupied affordable senior apartments.
Essex Crossing is also home to the 14-screen Regal Essex Crossing, Essex Market and The Market Line, which at 150,000 s/f will be the largest marketplace in New York City when it opens later this summer.
● CARLISLE GROUP
Carlisle pulls off Parlor trick
Entrepreneur Pam Wolf has leased 12,000 s/f at the MD Carlisle and JD Carlisle’s 160 Madison Avenue to open The Parlor NYC, a flexible workspace for beauty and wellness practitioners.
“I recognized a boom in the wellness economy and the slowing of traditional retail, which confirmed my thought that The Parlor NYC would be an attractive tenant to landlords worried about the ‘Amazon effect’ and also an attractive space for practitioners to work for themselves, but not by themselves as the model creates a community that stimulates cross-sales for maximum profit per square foot,” said Wolf.
In 2001, Wolf founded the New York Kids Club and then sold it to private equity firm New Harbor Capital in 2016.
The Parlor NYC is slated to open in the first quarter of 2020. The 15-year lease was signed at $100 psf. Expansion plans for additional locations in NYC are already underway.
● CUSHMAN & WAKEFIELD
Sunglasses Hut opens Fifth Ave. flagship
Cushman & Wakefield arranged a 4,400 s/f lease for Luxottica brand, Sunglass Hut, at 590 Fifth Avenue.
Luxottica will occupy a portion of the ground floor and lower level of the building. The space will serve as the brand’s new Fifth Avenue flagship store.
Joanne Podell and Mary Clayton represented the tenant in the transaction. The landlord, Thor Equities, was represented in-house by Sam Polese and Jack Sitt.
“Manhattan’s Fifth Avenue retail corridor is world renowned as a stage for iconic brands and retail experiences,” said Podell. “This gives Sunglass Hut the opportunity to have extensive second floor signage.”