Aby Rosen signed a trendy retail tenant at 190 Bowery, but it may not stay long

Fashion emporium Totokaelo is taking 9K sf at the Germania Bank BuildingFashion emporium Totokaelo is taking 9K sf at the Germania Bank Building

TRD New York /
Jul.July 25, 2017 09:55 AM

Aby Rosen’s landmarked Germania Bank Building is getting its first ever retail tenant, with fashion retailer Totkaelo signing a lease for 8,918 square feet.

But it may not be there for long. The Seattle-based shop’s lease at the Germania Bank Building begins in the fall and runs through March next year, the New York Post reported.

The asking rent for the retail space in the building is $2 million a year, according to RFR retail head Jordan Claffey. “I’m optimistic that this short-term agreement will turn into a long-term one,” Claffey told the newspaper.

Totokaelo, a luxury retailer that targets millennials, also has a store nearby at 54 Crosby Street.

Rosen paid photographer Jay Maisel $55 million for the graffiti-soaked, six-story, 37,000-square-foot building at the corner of Spring Street and the Bowery in 2014.

Maisel reportedly bought it for $102,000 around 50 years ago and had lived there with his family.

In April 2015, a conglomerate of creative agencies signed an 11-year lease for nearly 30,000 square feet at the building.

Along with Claffey, Cushman & Wakefield’s Brandon Singer and Michael Cody represented RFR in the retail deal, while Maxwelle NY’s Michael Yadgard represented Totokaelo. [NYP]Miriam Hall


Related Articles

arrow_forward_ios
Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)

These were the top 10 NYC retail leases in July

These were the top 10 NYC retail leases in July
Ricky's at 830 Broadway (Credit: NYC Go)

Ricky’s, iconic NYC beauty shop, faces
more closures

Ricky’s, iconic NYC beauty shop, faces
more closures
From top, clockwise: Cushman & Wakefield's Joanne Podell, Showfields' Amir Zwickel, Appear Here's Josh Yentob, Brookfield Properties's Mark Kostic (Credit: Getty, LinkedIn)

When it comes to retail, “real estate in New York is fundamentally broken”

When it comes to retail, “real estate in New York is fundamentally broken”
(iStock)

Who’s returning to the office? Almost no one

Who’s returning to the office? Almost no one
Joe Moinian and 123 Linden Blvd. (Moinian Group)

These were the top outer borough loans in July

These were the top outer borough loans in July
Clipper Equity's David Bistricer (REIT)

David Bistricer’s Clipper Realty reports record Q2 profit

David Bistricer’s Clipper Realty reports record Q2 profit
Vornado CEO Steven Roth and a rendering of the Farley Post Office building (Getty, iStock, SOM)

Vornado will install facial recognition tech in all its buildings

Vornado will install facial recognition tech in all its buildings
28 Liberty Street (Wikipedia)

Manhattan’s office leasing sees busiest month since January

Manhattan’s office leasing sees busiest month since January
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...