The Lease Beat
The Power Broker
An over 20,000 square foot retail space at 100 Broadway formerly occupied by the bookselling chain Borders has found a new taker.
Walgreens has reached a deal to lease the space for about $2 million in annual rent according to sources with knowledge of the transaction. The drug store giant will either operate its own store in the location or use the space for a Duane Reade, the New York City based pharmacy that the company purchased last year for $1.1 billion.
Steven Baker built a life, and staked his career, on the Far West Side of Manhattan at a time when the High Line still languished as an abandoned freight track and nearly every block west of Ninth Avenue included a warehouse, garage or parking lot.
While other brokers followed dollar signs in Midtown and across Madison Avenue, Mr. Baker, then a young broker living in a Ninth Avenue bachelor pad, saw potential in the dusty warehouses and loading docks he walked past in the summer of 2000.
“I knew I wanted to control the neighborhood,” recalled the 40-year-old Mr. Baker, now a managing partner at Winick Realty, who has played a leading role in transforming the area.
Raw fish is a dish we generally prefer with a side of irony. Thus, in our second-favorite reason this week to mock BroBillies, the nabe is getting that snooziest of cuisines, an Asian fusion restaurant.
Indeed, the press release contains more signs of the Apocalypse than we can count. To wit: ”Fushimi offers a family-friendly, yet Read More
Notwithstanding the seemingly thousands of pigeons that have occupied Bryant Park, Manhattan is getting its first wild bird sanctuary.
The Wild Bird Fund will be an 800-square-foot roost for all manner of feathered friend at 565 Columbus Avenue, between 87th and 88th streets.
“This will be a great location for them,” Winick Realty’s Brian Read More
It was less than two short weeks until the International Council of Shopping Centers summit in Las Vegas, and Lori Shabtai was mulling over floor plans the way a general might a battlefield.
Scattered indiscriminately across five Upper West Side buildings, each one of them housing national retailers like Whole Foods, T.J. Maxx and Read More
In case those Krav Maga sessions don’t go as planned, MedRite Urgent Care is opening a medical clinic upstairs at 919 Second Avenue.
“Basically, anybody can walk into the door and get a quick treatment,” Winick Realty‘s Tatiana Jung-Voevodina told The Observer. “You can even do the blood tests and get results within five Read More
A pair of space-suited astronaut arms reaches out from a wall on the ground floor of 75 Wall Street, flanking a television that plays an animation of a control panel whose hand-drawn screen flashes the word “FAILURE,” followed by “SUCCESS.”
The artwork, “Jupiter Mission,” by the artist team Pamela Reed and Matthew Rader, was unintentionally Read More
The Real Deal has more details in its ongoing, and very, very, very in-depth coverage of the trial of two Duane Reade execs, Anthony Cuti and William Tennant, who allegedly engaged in some questionable leasing practices in New York City using brokerage Winick Realty Group, headed at the time by Jeff Winick and Read More
Back when Times Square was still a no man’s land of strip clubs and rough-around-the-edges video game arcades, Benjamin Fox was there, dreaming a dream in which Mickey Mouse and girlfriend Minnie walked arm-in-arm along family-friendly, neon-lit streets. No pimps, no hookers, no problems.
A decade earlier, he was in the Flatiron Read More