Real Estate Weekly
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Retail

Subway the first in series planned for LES

The national leasing and sales team of Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president, and Arthur Maglio of Douglas Elliman’s Retail Group, has brought America’s favorite sandwich and salad chain Subway to 221 East Broadway.

Part of a seven-store block-front exclusively represented by Consolo and her team, the new store is in the heart of the food-friendly, trend-setting Lower East Side, on the Clinton Street side of the building.

221 East Broadway
221 East Broadway

“This is the first new retailer we’ve brought to a group of stores being repositioned for a changing neighborhood,” said Consolo. “Our goal is to uplift the profile of the block, one store at a time.”

Added Maglio, “The Lower East Side is a vibrant area with several new residential projects under construction or on tap. A recognized brand like Subway in the heart of all this activity has great appeal for workers and residents, alike, because it’s healthy and convenient.”

The exclusive agency comprises approximately 4,000 s/f of retail space spanning East Broadway, between Henry and Clinton Streets. The previous tenant was Manhattan Deli; and three spaces in the block-front are still available.

The Elliman team exclusively represented the landlord and tenant for the 10-year lease. Subway is anticipated to open in the first quarter of 2015

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