Shared office space provider WeWork has signed on for 40,000 square feet above the planned Williamsburg Whole Foods, securing the company’s first Brooklyn location. [more]
Posts Tagged ‘242 bedford avenue’
In a nod to the area’s growing cachet as a shopping destination, trendy retailer Urban Outfitters and its sister company Anthropologie are in advanced talks to secure spaces in Williamsburg, Crain’s reported.
Anthropologie is working out the details of a 10,000-square-foot space at a 150,000-square-foot retail complex located at 242 Bedford Avenue between North Third and North Fourth Streets. The complex will be anchored by a Whole Foods, sources familiar with the property told Crain’s. The complex is also in leasing talks with Canadian retailer Joe Fresh, New York Sports Club, and Citibank. [more]
Brooklyn developer Yehuda Backer is facing a $50 million lawsuit from investor Joe Tabak for allegedly backing out of a deal to sell him two lucrative development sites in Williamsburg, and then selling them to a group led by the Cayre family.
In March, Michael Cayre’s Midtown Equities teamed up with Bobby Cayre’s Aurora Capital and investor Alex Adjmi to acquire the site at 242 Bedford Avenue. There, they plan to develop a $40 million, 150,000-square-foot residential and retail site, featuring luxury rental apartments, a Whole Foods and a New York Sports Club. [more]
After battling out Joe Tabak to acquire a bankrupt Williamsburg development, Cayre family’s Midtown Equities closed on the property and will bring a Whole Foods to the site.
According to the New York Post, a partnership of Michael Cayre’s Midtown Equities, Bobby Cayre’s Aurora Capital and Alex Adjmi bought 242 Bedford Avenue, at North 4th Street, from Yahuda Backer for $23 million. [more]
Discount clothing department store Marshalls and drugstore CVS are interested in leasing space in a troubled development site in Williamsburg, once the stalled construction project is completed, several brokers said. The national chain retailers are looking at a lower-level space at 242 Bedford Avenue, just south of North 4th Street, the brokers, who asked to remain anonymous, said. The half-built site is owned by Yehuda Backer’s Williamsburg-based Backer Group, which halted construction several years ago. Instead, the parcel has only steel shells with no current construction evident.