Retailers sought at Williamsburg’s new Pod Hotel

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

TRD NEW YORK /
Jun.June 04, 2014 03:30 PM

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.


Related Articles

arrow_forward_ios
Airbnb CEO Brian Chesky (Photo by Bryan Bedder/Getty Images for Airbnb)

Airbnb suspends marketing, cuts executive pay in half

(Credit: Pixabay)

REIT declines outpace stock market amid shutdowns nationwide

The Williamsburg Hotel at 96 Wythe Avenue and from top: Benefit Street Partners' managing director Micah Goodman, receiver Constantino Sagonas and Heritage Equity Partners’ Toby Moskovits (Credit: Google Maps)

Williamsburg Hotel dispute escalates as pandemic raises stakes

Morris Moinian and 1150 6th Avenue (Credit: Noam Galai/Getty Images, Google Maps)

Morris Moinian to sell site of stalled hotel project

A chaotic week for stock markets has impacted REITs in some sectors far more than others. (Credit: background by JOHANNES EISELE/AFP via Getty Images; iStock)

Real estate stocks split into winners and losers after hectic week

From left: The Row Hotel at 700 8th Avenue, the Williamsburg Hotel at 96 Wythe Avenue, the Selina Hotel at 516-518 West 27th Street and 20 Times Square (Credit: Google Maps, Sumaida + Khurana, PBDW)

More NYC hotel loans are defaulting as room rates fall

The Blakely Hotel at 136 West 55th Street and Richard Born (Credit: Google Maps, iStock, Richard Born by Studio Scrivo)

Hotel owner says competition, not union deal, led to closure

The Blakely Hotel at 136 West 55th Street and Richard Born (Credit: Google Maps, Richard Born by Studio Scrivo)

Blakely Hotel may shut down, lay off 54 workers

arrow_forward_ios
Loading...