Lululemon, Korean retailer ink leases on W’burg’s ascending North 6th St.

Asking rents on shopping stretch rose the most in BK last year

New York /
Jan.January 12, 2017 09:30 AM

Lululemon Athletica and trendy Korean retailer Aland are heading to Williamsburg’s up-and-coming North 6th Street.

The athleisure shop signed a lease for 3,450 square feet at 129 North 6th Street, where the asking rent was $205 per square foot, the New York Post reported.

Lululemon will join upscale neighbors like Madewell and Rituals when it opens in the spring. Asking rents on the four-block stretch of North 6th Street between Driggs and Kent avenues saw asking rents rise 24 percent last year to $259 per square foot, according to a retail report released by the Real Estate Board of New York in September.

And about a block west, Aland leased a 10,000-square-foot triplex with roof access at 92 North 6th Street for its first United States store.

Asking rent for the building, which RedSky Capital TRData LogoTINY bought in 2013 for $49 million, was $1.2 million per year. [NYP]Rich Bockmann


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