From left: Jeffrey Davis, the general manager of Columbus Square, 801 Amsterdam Avenue and 808 Columbus Avenue(Updated with comments from Yuval Greenblatt: 1:41 p.m.; updated with date of completion for project: 2:51 p.m.) The Chetrit Group and Stellar Management have taken leasing at the Upper West Side’s Columbus Square out of the hands of Prudential Douglas Elliman and put it in the hands of five new in-house leasing agents.
Elliman’s one-year contract for the leasing of the two rental towers 801 Amsterdam Avenue and 808 Columbus Avenue expired March 31, said Jeffrey Davis, general manager of Columbus Square. In that time, the brokerage’s five on-site agents rented out about 80 percent of the buildings, which have 100 and 359 units, respectively, he added.
“The contract was up and as the buildings were almost finished leasing [so] we decided to finish with our in-house team and [then] proceed with the other buildings” once 801 and 808 Columbus Avenue are completed, Davis said, which will likely be in the third and fourth quarters of this year. “The renewal would have been for the whole complex but as the other buildings were not ready and there would be a lapse in time it did not make sense to continue.”
The two rental buildings are part of a complex, comprised of five rental buildings spanning 97th to 100th streets and Columbus to Amsterdam avenues, with over 300,000 square feet of retail space. Sephora is set to open next week at 808 Columbus.
The other three buildings, Davis said, are slated for completion in the second part of this year.
The leasing deal ended on good terms, Davis said, and the company is still working with Elliman on other projects.
Yuval Greenblatt, an executive vice president at Elliman who oversaw
leasing for Columbus Square, said that while Elliman’s leasing contract
is over, the brokerage remains the marketing consultant on the project,
which the brokerage has been since the project’s 2006 inception.
