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Retail team on home run in conversion corridor.


The team of Faith Hope Consolo, Chairman, and Joseph A. Aquino, Executive Vice President, of Prudential Douglas Elliman's Retail Leasing and Sales Division has been named exclusive agent for the retail space at 226 Fifth Avenue in North Flatiron, also known as "SoFi" or South Fifth Avenue.

Situated between 26th and 27th Streets, directly across from Madison Square Madison Square is a neighborhood on the East Side of the New York City borough of Manhattan, centered on a 6.8 acre (2.75 Hectare) public park in the New York City borough of Manhattan, named for James Madison, fourth President of the United States and co-author of the United  Park, the 2,300 s/f ground floor space, which also includes a lower level, features 26 feet of street frontage in what has become a coveted cov·et  
v. cov·et·ed, cov·et·ing, cov·ets

v.tr.
1. To feel blameworthy desire for (that which is another's). See Synonyms at envy.

2. To wish for longingly. See Synonyms at desire.
, vibrant residential neighborhood. The site was formerly home to LaVie International framing company.

"This area has undergone a tremendous renaissance," says Mr. Aquino. "The profusion of new residences in recent years has been unprecedented and there are many more to come, primarily due to conversions of office space. This has led to a noticeable need for more retail stores to accommodate SoFi's residents and visitors."

Ms. Consolo elaborates, "The term 'gentrification' most certainly applies to the neighborhood, which in the past few years has established itself as a bona fide [Latin, In good faith.] Honest; genuine; actual; authentic; acting without the intention of defrauding.

A bona fide purchaser is one who purchases property for a valuable consideration that is inducement for entering into a contract and without suspicion of being
 shopping corridor, especially with the addition of Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services.

Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box
, at 23rd Street between Fifth and Sixth. Also rounding out the neighborhood are Danny Meyer's exclusive Tabla tabla

Pair of small drums, the principal percussion in Hindustani music of northern India, Pakistan, and Bangladesh. The higher-pitched daya, played with the right hand, is a roughly cylindrical one-skinned drum, usually wooden, normally tuned to the raga's tonic.
 and 11 Madison restaurants, along with Cipriani at 200 Fifth Avenue. Where there were once welfare hotels and dells dells  
pl.n.
The rapids of a river.



[Alteration of dalles (influenced by dell).]
 now stand luxury hotels and a plethora of elegant restaurants to cater to the area's tourists."

Among the latest residential conversions are the International Toy Centers, at 23rd and 24th Streets, the Gift Building, at 225 Fifth Avenue the clock tower at One Madison Avenue is also set to undergo conmversion.

Aquino notes, "This portion of Fifth Avenue is the last street in this corridor to be developed after years of remaining untapped, which is why it is so desirable."
COPYRIGHT 2005 Hagedorn Publication
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Garrick-Aug Associates Store Leasing Inc; Prudential Douglas Elliman Real Estate
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 20, 2005
Words:300
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