New York City — Barnes & Noble will open more than 30 new stores next year, the company has announced. A location at Atlantic Avenue in Brooklyn is scheduled to be the first of the new bookstores in 2023. In 2022, the company opened more new locations than it had in any year since 2009. Barnes & Noble attributes the growth to a “reading renaissance.”
New York City — Whole Foods Market will open a 42,000-square-foot store in the One Wall Street building at 66 Broadway in New York City. Opening Jan. 11, the location will include a specialty cheesemaker and artisan department, seafood counter, meat counter, prepared foods section, full-service coffee bar, bakery and an extensive selection of craft beers. The store will also feature over 1,000 local items curated by John Lawson of Whole Foods and an Art Deco-inspired design.
New Hyde Park and New York City, N.Y. — Legacy Realty Group Advisors LLC, a commercial real estate brokerage with offices in New York, has brokered the sale of 146 stores in the Southeast leased to Dollar General. The seller, a privately held real estate developer, sold the portfolio to the buyer, a net-lease REIT, for approximately $200 million. Both parties requested anonymity. Jacob Baruch and Daniel Baruch of Legacy Realty Group represented both the buyer and seller in the off-market transaction.
New York City — Urbanspace has opened Urbanspace Union Square, a 10,000-square-foot food hall in the Union Square neighborhood of New York City. Featuring 13 food-and-beverage concepts, the space is located on the ground floor of Zero Irving, a new mixed-use office building recently completed by RAL Development. Vendors include Summer Salt, Twenty One Grains, Kid Brother Pizza, Pita Yeero, Plant Junkie, Goat Café, Bao by Kaya, Bobwhite Counter, Playa Bowls, Wafels & Dinges, Top Hops, Casa Toscana and GoFish. Urbanspace Union Square marks the fifth New York City food …
Huntington, N.Y. — Three new tenants will join Huntington Commons, a retail center located on Long Island. CycleBar, GOLFTEC and iStretchPlus will lease a total 7,299 square feet at the property, which is currently undergoing redevelopment. Joining a soon-to-open ShopRite and newly relocated and updated Marshalls, the tenants will backfill a space previously occupied by Outback Steakhouse. Dan Glazer of Ripco Real Estate represented the landlord, Urban Edge Properties, in the negotiations. Glazer also represented CycleBa. Faronn Roboff of Royal Properties Inc. represented GOLFTEC.
New York, N.Y. — Adidas has signed a 30,639-square-foot retail lease renewal for its flagship store at 610 Broadway in Manhattan’s SoHo neighborhood. The sportswear giant has committed to the three-story space for an additional 10 years. The six-story building was originally built in 2004 and predominantly houses office space. JLL represented the landlord, LaSalle Investment Management, in the lease negotiations. Adidas was represented internally.
New York City — Legacy Realty Group Advisors LLC has arranged the sale of a portfolio comprising 37 Dollar General-occupied stores located in the Southeast. An undisclosed net-lease REIT acquired the properties from a privately held real estate developer for $53 million. Jacob Baruch and Daniel Baruch of Legacy Realty represented both parties in the transaction. Legacy Realty is a commercial real estate advisory firm based out of New York that specializes in off-market transactions across the United States.
New York City — The New York City Council has approved Innovation QNS, a $2 billion mixed-use project that will be located in the Astoria neighborhood of Queens, according to reports from multiple news outlets including Crain’s and Patch. A partnership between BedRock Real Estate Partners, Kaufman Astoria Studios and Silverstein Properties is developing Innovation QNS, which will span five city blocks and will be an expansion of the Kaufman Arts District. The various reports differ on the exact size of the multifamily component, but the project page on the …
Brooklyn, N.Y. — Brooklyn Brewery, an independent craft beer brewer founded in 1988, has signed a lease at 1 Wythe Ave. in the Williamsburg neighborhood of Brooklyn. Developers will begin work on the property later this year, and beginning in summer 2024, the brewery will occupy 41,000 square feet of the building’s 82,000 square feet. Nathaniel Mallon of Verada arranged the lease on behalf of the brewery and the landlords of the building. The move will put Brooklyn Brewing four blocks away from its current location.
New York City— Newmark Retail has arranged a lease with GOLFTEC, a golf instruction company, at 10 E. 40th Street in Midtown Manhattan. GOLFTEC will occupy 4,500 square feet of space at the ground-floor property, which comprises 8,000 square feet in total. Ariel Schuster and Tyler King of Newmark negotiated the lease on behalf of the landlord, Joseph P. Day Realty. This will be the flagship location for GOLFTEC, as well as its first standalone store in Manhattan.