Crime & Punishment
Much has been made of the metamorphosis of the Bowery from one time skid row to trendy runway. Boutique hotels, apartment buildings, the New Museum and residential developments have landed and it seems retail is realizing the street’s potential.
“I really think it’s coming together down there,” said Faith Hope Consolo, chairman of the retail Read More
Robert K. Futterman & Associates’ eponymously named founder Robert K. Futterman pled guilty Friday to a felony charge of aggravated driving while intoxicated and a misdemeanor charge for DWI, a spokesman for The Suffolk County District Attorney’s Office confirmed to The Commercial Observer.
As part of his punishment, Mr. Futterman must complete 1000 hours Read More
As Soho continues its 20-year transformation from bohemian enclave to luxury retail bazaar, brands like Apple and Uniqlo have added to the neighborhood’s near impenetrable aura of luxury and glitz by converting old spaces into fashionable shopping destinations.
But simply boasting a Soho address isn’t always enough for some retailers.To M.A.C. Cosmetics, which operated a storefront on 113 Spring Street for more than 15 years, foot traffic appeared enviously higher throughout the nearby Broadway corridor.
“They were definitely leaving some money on the table by not having all the footfall that Broadway provides,” said Robert Cohen, 39, a Robert K. Futterman & Associates retail broker who represented M.A.C. Cosmetics in its move earlier this year to Broadway.
It’s ICSC week in New York City and while many in the retail business consider the event secondary to the larger conference held by the organization in Las Vegas each May, for many Manhattan real estate brokers, the conference is the most important of the year—and not necessarily just because of its jam-packed daytime roster of speakers and seminars.
In establishments from the New York Times’s four-star-rated Del Posto to the Dream Hotel in Lower Manhattan, buttoned-up retail brokers will be wining and dining potential clients during a two-day orgy of after-hour soirees, dinners and suds-soaked meetings, all designed with the deal in mind.
409-415 Fulton Street
Get ready to stand in line, BroBos, because the first Shake Shack is indeed coming to Brooklyn.
The borough was abuzz after rumors circulated that it was getting its first Shack, on the ungentrifiable Fulton Mall, no less. Despite initial denials from Danny Read More
The Commercial Observer: Considering the holiday season, is this time of year nerve-wracking for you?
Mr. Futterman: I wouldn’t describe it as nerve-wracking. It’s better than last year at this time, I’ll tell you that much. Last year seemed really dead, really quiet. We just had the [International Council of Shopping Centers] convention in New Read More
Trader Joe’s, oh ye of endless lines, Hawaiian shirts, eerily pleasant staff, and to-die-for chipotle-flavored hummus, finally you’re coming to Sixth Avenue!
The store has signed a lease for the retail space at the handsome Mattel Building at 675 Sixth Avenue, the storefront formerly occupied by Barnes & Noble, according to an industry source. Read More