Italian fashion house Ter Et Bantine is expanding in Soho, moving its showroom one block south to a second-floor loft at Zar Property’s 50 Greene Street that’s more than double the size.
The label, which only just opened its 1,076-square-foot 76 Greene Street showroom last February, signed a long-term lease this week for its new, 3,500-square-foot space, said David Zar, a principal at his family’s firm. The asking rent was $45 per square foot.
Cast Iron Real Estate represented Ter Et Bantine, while the landlord was represented in-house.
Meanwhile, Zar is still looking for a new tenant at its corner, multi-level Retail Space Down The Street, at 38 Greene, which hit the market in the fall. The asking rent is $726,000 per year. Zar had previously enlisted Sinvin Realty to market the space, but recently decided to move the efforts in-house, he said. A Sinvin representative was not immediately available for comment.
The 6,400-square-foot space, on the corner of Grand Street, has over 110 feet of street frontage and is currently occupied by Lucky Brand Jeans.
“The space can be made available for a worthwhile tenant that wants a flagship location in Soho,” Zar said. “Rarely does a corner space of this size come to the market.”