The Real Deal New York

Posts Tagged ‘newmark knight frank retail’

  • Halal and hipsters on West 29th Street

    November 28, 2011 10:14AM

    From the November issue: Twenty-Ninth Street, between Fifth Avenue and Broadway, is a block in transition. Once dominated by knock-off purse dealers and wholesale perfumeries, this diverse stretch is now home to a hip hotel and pricey new boutiques.

    It’s also the site of the Masjid Ar-Rahman mosque, and the scents of halal now mingle with those of Stumptown Coffee, the Michelin-starred Breslin Bar & Dining Room, and the Pakistani and Indian restaurant Gourmet Palace. A few doors down is the church where Donald Trump married his first wife, Ivana.

    The block, residents and brokers predict, is poised for a development explosion. Local landlords say they are now raising rents for tenants, and receiving countless inquiries from developers, restaurateurs, and retailers looking to move onto the block.

    “There [are] not that many areas left to develop right around Fifth Avenue,” explained Larry Rich, senior vice president of marketing at the brokerage Core, who often shows apartments in the area. [more]

  • Urban clothier Nida just signed a lease for a 2,100-square-foot space at 571-573 Hudson Street, between West 11th and Bank streets in the West Village. Nida — in its first New York location — will occupy 1,050 square feet on the ground and 1,050 square feet in the basement, and the store is scheduled to open this winter. Robert K. Futterman & Associates represented the tenants, while Newmark Knight Frank Retail represented the landlord, 571 Hudson Street Corp. “Nida was looking to find an ideal location to serve as its East Coast
    presence and the West Village was a viable option, with its incredible
    storefronts and visibility,” said Karen Bellantoni, executive vice
    president at RKF. TRD [more]

  • Broadway’s next retail comeback

    July 17, 2009 03:11PM

    From the July issue: Nearly a dozen retail vacancies dot
    Broadway between Houston Street and
    Astor Place. In recent years of economic excess, the strip languished
    in the shopping shadow of its neighbors — trendy Soho to the south and
    bustling Union Square to the north.
    But in today’s sagging economy, Noho, with its rents half the price
    of areas like Soho, could draw new retail blood such as apparel
    tenants, gourmet markets, and European brands that would have
    previously turned their noses up at the area, brokers said. Still, the
    economy and bleak national retail picture are stalling the
    neighborhood’s resurgence. Due to market conditions, “so many retailers
    have pulled back,”
    said Jeffrey Roseman, a principal and executive vice president at
    Newmark Knight Frank Retail. [more]