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Winick tapped to market prime Herald Square retail space.

Winick Realty Group has been appointed exclusive marketing and leasing agent for the retail space at 855 Sixth Avenue, between 30th and 31st Streets--one block south of Manhattan Mall in the flourishing Herald Square Shopping District.

The retail space will consist of approximately 21,500 s/f on the ground floor, 30,000 s/f of the second floor and 21,500 s/f on the lower level. And additional 60,000 s/f of retail space can be created on the 3rd and 4th floors. The entire space, with over 200 feet of frontage on Sixth Avenue, would be ideal for a department store. Logical division, though will be considered.

"We are proud to be working on this assignment. The Herald Square / Flower District neighborhood has been changing dramatically, and this project will add much needed retail space to meet increased demand," commented Jeff Winick, CEO, who will be marketing the retail portion of the prestigious project along with Lori Shabtai, Director of Luxury and Brand Retail.

Recently acquired by Tessler Development and the Chetrit Group, 855 Sixth Avenue is to be developed as a 37-story, 500,000 s/f, mixed-use project consisting of retail, office space and luxury apartments. The project is being designed by Costas Kondylis and Partners, LLP, the New York-based architectural firm specializing in modern hi-rise residential architecture.

Winick has also been appointed exclusive leasing agent for 81,000 s/f of retail space in a new retail/residential development at 502 Metropolitan Avenue, between Keap and Rodney Streets in Williamsburg, Brooklyn.

The retail space will consist of 18,000 s/f on the ground floor and 63,000 s/f on the lower level, with 20-foot-high and 18-foot-high ceilings respectively.

With 100 feet of frontage on Metropolitan Avenue and 115 feet on Keap Street, the building is located in the heart of up and coming Williamsburg. It has a modern style with differing-height wings and a glass-curtain facade. The construction is scheduled for completion for April 2009.

"Being a part of Williamsburg's vision of the future is an incredible opportunity for us," commented Lori Shabtai, director of Luxury and Brand Retail who is working on this prestigious project along with Amanda Scoblick of Winick Realty Group.

"With all the new residential development going on now, Williamsburg has a growing need for new retail infrastructure to complement the residential component. This new space will fill a tremendous need."
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Title Annotation:RETAIL
Comment:Winick tapped to market prime Herald Square retail space.(RETAIL)
Publication:Real Estate Weekly
Date:Jun 6, 2007
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