The Real Deal New York

Retailers sought at Williamsburg’s new Pod Hotel

Ground-floor space at upcoming 254-room site can be divided into 3 units

June 04, 2014 03:30PM
By Mark Maurer

peter-braus

Rendering of 626 Driggs Avenue (Inset: Peter Braus)

The owners of the upcoming Pod Hotel in Williamsburg are seeking tenants for a 12,800-square-foot ground-floor retail space, according to a spokesperson for commercial brokerage Lee & Associates. CB Developers, Waterbridge Capital and Ironstate Development plan to open the 71,000-square-foot, five-story hotel at 626 Driggs Avenue by 2016. BD Hotels will operate the hotel, which is slated to hold 254 rooms.

The retail space, which can be divided into as many as three individual units, offers 175 feet of frontage on North 4th Street and 25 feet along Driggs Avenue. Lee & Associates brokers Garry Steinberg, Peter Braus, JP Sutro and Peter Levitan were hired to market the retail. They are targeting restaurants, home furnishings, and fashion tenants, the spokesperson said.

Asking rent for the space has not yet been set. But retail along Driggs Avenue commands rents as high as $175 per square foot, the brokers told The Real Deal.

Jim Garrison of Garrison Architects envisioned a modular-construction design involving prefabricated 10-foot-by-30-foot components. Construction is expected to begin January 2015.

The other Pod hotels in the city are located at 230 East 51st Street and 145 East 39th Street in Midtown Manhattan. The first Pod hotel, on 51st Street, opened in 2007.

Williamsburg hotels in the pipeline include a 182-room structure at 55 Wythe Avenue and a 52-unit one at 437 Metropolitan Avenue.

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