UPDATED, 4:52 p.m., Nov. 6: Family-run food merchant Grace’s Marketplace is staying in the Upper East Side, but soon setting up shop at 215 East 68th Street, a 608-unit rental building owned by Rudin Management.
For 30 years, 1237 Third Avenue at 71st Street has served as the market’s home. The 15-year lease is for a total of 13,125 square feet on the ground floor and lower level — nearly twice the size of the old 7,000-square-foot space. The ground floor is 7,742 square feet, and the lower level is 5,383. Asking rents were $200 per square foot.
The Rudin building, between Second and Third avenues, is undergoing a $90 million renovation, with a new playroom and fitness center. The façade is “98 percent complete,” Michael Rudin told the New York Observer.
With assistance from Winick Realty Group broker Michael Gleicher, Rudin represented the landlord in-house. David Kevelson of the Manhattes Group represented Grace’s Marketplace.