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Kailua Town welcomes new retail, restaurant tenants

Gillia and Cariloha have recently opened in Kailua Town, and Le Crepe Café is slated to open later this month......»»

Category: topSource: bizjournalsMay 13th, 2022

Pickleball Entertainment Concept ‘Chicken N Pickle’ Unveils New Prototype in Partnership with Global Design Firm Populous

Chicken N Pickle, the unique, indoor/outdoor entertainment complex combining a casual, chef-driven restaurant and sports bar with pickleball courts and a variety of yard games, has developed a new brand style, design and architectural prototype to help propel it from nine locations to more than 20 in the next two... The post Pickleball Entertainment Concept ‘Chicken N Pickle’ Unveils New Prototype in Partnership with Global Design Firm Populous appeared first on Real Estate Weekly. Chicken N Pickle, the unique, indoor/outdoor entertainment complex combining a casual, chef-driven restaurant and sports bar with pickleball courts and a variety of yard games, has developed a new brand style, design and architectural prototype to help propel it from nine locations to more than 20 in the next two years. Created by global design firm Populous – the team behind iconic sports stadiums like Camden Yards and Yankee Stadium, arenas like Climate Pledge Arena, and experiences like the Olympics, Super Bowl and MLB at Field of Dreams – the new brand and design pay homage to the “farmstead” roots of Chicken N Pickle and bring people together around America’s fastest growing sport. Led by Populous’ Design team, the project encompassed the visual and design elements of the brand, as well as the interior design and overall architecture, which will be unveiled at the company’s St. Charles outpost late in 2022 or early 2023. “Our mission is to provide an atmosphere that fosters fun, friendship, and community and our collaboration with Populous has given us a design that enhances the experience for everyone,” said Bill Crooks, Chief Experience Officer of Chicken N Pickle. “The new design reflects our core values, including our commitment to sustainably source our food from area family farmers – hence the rural barn vernacular modernized to reflect the low tech/high touch spirit of our brand. Populous, a firm known for its expertise in bringing people together around sport and entertainment, has perfectly captured our essence and our ambition in a brand and design standard that will contribute positively to every community we serve.” Founded in North Kansas City, MO, in 2016, Chicken N Pickle today welcomes more than 700,000 visitors a year to each of its six operating locations (with three more announced and in development). Complexes feature as many as 12 pickleball courts, an expansive lawn/performance/picnic space, a chef- driven casual restaurant, sports bar and private dining/entertaining spaces ideal for corporate gatherings and private events. Pickleball – a sport which grew in 2021 to 4.8 million players in the US, for a two-year growth rate of 39.3% — is the heartbeat of the complex.Populous, with its deep expertise in future-thinking sports architecture and design that gives spectators and visitors elevated experiences in sustainable design, was ideally suited to tackle the rebrand, the interior concept, the architecture and the synthesis of all uses and goals in one environment. In addition to sport, entertainment, fellowship and dining, the design needed to reflect Chicken N Pickle’s commitment to community and to philanthropy. “Chicken N Pickle turned to us for our in-depth knowledge of hospitality at all scales, and our ability to incorporate their brand values into the expression of each and every visual and experiential facet of the restaurant – from the logo to the architecture,” said Populous principal Mason Paoli. “We are really proud of our partnership, helping Chicken N Pickle take their smashing success into the future with refined interiors, intentional messaging and atmosphere, and people-friendly design. Together, we are raising the standard for the visitor experience.” Chicken N Pickle has become a wildly popular destination for families, young adults and corporate gatherings. The company’s first move outside of Kansas City was to Wichita, KS in 2019, then San Antonio, TX in 2020. In 2021, Chicken N Pickle opened in Oklahoma City, OK, Overland Park, KS and Grand Prairie, TX. Three more locations are expected to open in late 2022 or early 2023 including Grapevine, TX, St. Charles, MO and Glendale, AZ.  The St. Charles location, the first to introduce the new design, will consist of five key offerings: the restaurant; the indoor club with six pickleball courts; the game pavilion with four open-air courts (two covered, two uncovered); the canteen (a retail and micro-kitchen with an outdoor grill); and an open yard. The design combines Chicken N Pickle’s farm-to-table offerings with an eye towards community and togetherness. To maximize visibility and engagement for all guests, the design takes inspiration from the American Town Square, arranging all activations around the central tree-lined courtyard at the heart of the experience. Meant to be the center of the shared guest experience, the yard functions as a town square would, a multi-dimensional space that can transform throughout the year for outdoor games, live music, watch parties, winter ice skating and more. “The partnership with Populous enabled us to express our brand and our values – including delivering a special experience for guests and a rich emotional connection to the heart of each community,” Crooks said. “We are confident that this will help us propel Chicken N Pickle’s growth and influence nationally for years to come.” The post Pickleball Entertainment Concept ‘Chicken N Pickle’ Unveils New Prototype in Partnership with Global Design Firm Populous appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyApr 25th, 2022

HLTH Inks Renewal, More Than Doubling its Footprint, at Marx Realty’s Hospitality-Inspired 10 Grand Central Office Tower

Marx Realty (MNPP), a New York-based owner, developer and manager of office, retail and multifamily property across the United States, announced the largest conference organizer fo health innovation, HLTH, has signed a 12,000-square-foot lease expansion and 7-year renewal at the iconic 10 Grand Central office tower in Midtown Manhattan. HLTH... The post HLTH Inks Renewal, More Than Doubling its Footprint, at Marx Realty’s Hospitality-Inspired 10 Grand Central Office Tower appeared first on Real Estate Weekly. Marx Realty (MNPP), a New York-based owner, developer and manager of office, retail and multifamily property across the United States, announced the largest conference organizer fo health innovation, HLTH, has signed a 12,000-square-foot lease expansion and 7-year renewal at the iconic 10 Grand Central office tower in Midtown Manhattan. HLTH expands its footprint from 7,000 square feet to 19,000 square feet on the sixth and seventh floors. Marx Realty announced they have also signed an additional 15,000 square feet of additional new leases at the property. Led by Jonathan Weiner, the founder of Money 20/20 and a venture partner at Oak HC/FT, a $1 billion growth equity venture fund, HLTH relocated from 90 Park Avenue to 10 Grand Central in 2019 on the heels of Marx Realty’s announcement of the beaux-arts building repositioning. The expanded new space and long-term renewal will allow the company to expand its function into a premier fintech hub for the city. “HLTH’s significant expansion, along with the building’s brisk leasing activity, is a testament to the appeal of our game-changing hospitality-infused office design sensibility and we’re excited to welcome a remarkable collection of new tenants at 10 Grand Central,” said Craig Deitelzweig, president and CEO of Marx Realty. Marx Realty also announced a 5,212-square-foot, three-year lease for golf investing company LIV Golf Inc. taking the entire 32nd floor, part of 10 Grand Central’s exclusive Penthouse Collection. The most recent addition at 10 Grand Central, the Penthouse Collection, was developed during the pandemic and consists of 20,000 square feet of uber-luxe penthouse offices on floors 32 through 36, which offer exceptionally designed suites and an elevated aesthetic not yet seen in the market. Floors 32 and 33 have been officially delivered while the rest of the collection is expected to be delivered later this year. Additional new leases include a 4,782-square-foot, five-year lease with investment advisor Family Management Corp on the 21st floor; and a 2,327-square-foot, a three-year lease for real estate technology company Kasa Living on the 21st floor. 10 Grand Central also welcomes Mediterranean restaurant CAVA, which will occupy 2,600 square feet of street-level space with frontage on the corner of 44th Street and Third Avenue; the restaurant joins a wide-ranging number of food and retail options at street level, as job creators increasingly seek to provide a welcoming office experience for the workforce. Cava joins Little Collins Australian café as one in the array of café offerings for its tenants. “10 Grand Central reset the bar for hospitality-focused office design in 2019 and we are proud to have created an entirely new asset class through our signature hospitality-infused approach to office space, a strategy that is proving successful at other Marx-owned buildings including the recent repositioning of 545 Madison in New York as well as The Herald in Washington D.C. and The Department Building in Atlanta” added Deitelzweig. Marx Realty’s $48 million redesign of the 35-story, Ely Jacques-Kahn designed 10 Grand Central was completed in 2019 and has positioned the building as one of Midtown’s most exciting office offerings, attracting tenants from both modern and traditional office buildings. Among the building’s most impressive features are the four-story entry portal boasting a soaring marquee and oversized walnut doors attended by a uniformed doorman, a sleekly styled lobby as well as a 7,500-square-foot indoor/outdoor club floor boasting a well- appointed lounge, 40-seat conference space and The Ivy Terrace. From top to bottom, the building exudes high-end hotel vibes. 10 Grand Central’s notable newcomers join an already impressive and diverse roster of tenants, including content targeting company ZEFR; weekly online news magazine The Week; communications consultant Montieth & Company; real estate investment firm Benenson Capital Partners; and, Goldman Sachs-backed Crux Informatics. High-profile tenants also include Dwayne “The Rock” Johnson’s production company, Seven Bucks Productions (as reported by the New York Post); insurance giant MassMutual, international news agency Agence France-Presse; UK-based sports private equity firm 23 Capital; asset management firm Everside Capital Partners; educational technology company Decoded; and, health-conscious salad chain, Sweetgreen. The redesign was led by David Burns, principal of Studios Architecture. JLL’s Mitchell Konsker, Benjamin Bass, Kip Orban, Carlee Palmer, and Thomas Schwartz are leading a team handling the leasing for Marx Realty. The building’s asking rents range between $65 and $120 per square foot. The post HLTH Inks Renewal, More Than Doubling its Footprint, at Marx Realty’s Hospitality-Inspired 10 Grand Central Office Tower appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyApr 13th, 2022

Manhattan Skyline Corp. welcomes luxury womenswear brand

 Manhattan Skyline Management Corp., one of New York’s leading real estate organizations, is pleased to announce that eco-friendly New York City-based womenswear collection KES will open its second location in Manhattan at 339 West Broadway between Broome and Grand Streets in SoHo. KES, which currently operates a retail location on the... The post Manhattan Skyline Corp. welcomes luxury womenswear brand appeared first on Real Estate Weekly.  Manhattan Skyline Management Corp., one of New York’s leading real estate organizations, is pleased to announce that eco-friendly New York City-based womenswear collection KES will open its second location in Manhattan at 339 West Broadway between Broome and Grand Streets in SoHo. KES, which currently operates a retail location on the Upper West Side, will launch its SoHo store on the Leap Platform and occupy the entirety of Manhattan Skyline’s boutique retail building. The 1,093 square-foot location features shopping spaces on the street and mezzanine levels, as well as distinctive double-height ceilings that soar to over 22 feet in certain sections. Launched in 2014 by designer Lia Kes, the clothing label focuses on responsibly made, purposeful statement pieces. Influenced by her upbringing on a kibbutz in Israel, her namesake collection embodies the same elements that were prioritized in her homeland – simple, functional designs that offer exceptional quality and utilitarian charm. KES products are made of biodegradable and organic materials through a process that minimizes waste and are dyed locally using a plant-based technique. All products are manufactured in New York City’s garment district to keep jobs local and support the community. “I created KES to effortlessly dress the modern woman in timeless pieces that make her feel both empowered and naturally beautiful,” said founder Lia Kes. “I’m glad the sentiment behind my designs has resonated, and I look forward to reaching even more customers through our continued growth.” “We’re pleased to be part of the expansion of KES to Downtown Manhattan,” said Joshua Roth, Senior Vice President of Retail at Manhattan Skyline Management Corp. “It’s particularly rewarding to work with a brand that has NYC roots. We know that this collection, and its balance of style and sustainability, will be a favorite of shoppers in SoHo.” This new deal further builds on Manhattan Skyline’s recent downtown retail successes. Last month, children’s boutique Two Kids and A Dog opened in Tribeca just in time for holiday shopping. Prior to that, international independent pre-school, kindergarten and lower school, German School Manhattan, signed on for its second neighborhood facility 85 Warren Street. In September, innovative Japanese restaurant Shiki Omakase opened its doors to diners at 71 W. Houston Street in SoHo.  Occupying a prime spot on West Broadway, KES will be located alongside neighboring tenants including Nikutei Futago, Little Ways, Soho Grand Hotel, Amazon Web Services Loft, Gucci, Oliver Peoples, Osswald, Felix, Flippers, Michelle Negri, IL Mulino Prime, MAMO, Cipriani Downtown and Sola Pasta Bar. Roth represented Manhattan Skyline. Jennifer Bernstein of Current Real Estate Advisor represented LEAP Services, Inc., a retail platform that launches and operates omnichannel-enabled retail stores for modern brands, which secured the long term lease. The post Manhattan Skyline Corp. welcomes luxury womenswear brand appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyJan 13th, 2022

Kapolei Commons welcomes four new shops

Kapolei Commons announced Wednesday that four new retail and restaurant tenants will be added to the shopping mall. CorePowerYoga is opening its first West Oahu studio at the Commons, along with Mexican restaurant Paniolos, Teriyaki Madness and Ita.....»»

Category: topSource: bizjournalsAug 7th, 2019

Almost Three Quarters Made New Habits During The Pandemic – Over 90% Have Kept At Least One Of Them

71% of people picked up at least one new habit during the pandemic. The most common habits we picked up over the past two years were eating out less, going out less with friends, taking more walks and doing more online shopping. More than one in four who started shopping more online are still doing […] 71% of people picked up at least one new habit during the pandemic. The most common habits we picked up over the past two years were eating out less, going out less with friends, taking more walks and doing more online shopping. More than one in four who started shopping more online are still doing so, and one in five who started online banking have stuck with it. Around one in five of those who started shopping less and saving more have adopted these habits for the longer term. This has had an impact on our pockets – and on businesses. Data from a survey of 2,000 people by Opinium for Hargreaves Lansdown in April 2022. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more Sarah Coles, senior personal finance analyst, Hargreaves Lansdown: “The pandemic has changed the way we live for good. Almost three quarters of us have picked up at least one money-saving habit, and more than nine in ten (93%) have stuck to their new way of life. The cash it’s helping us save could be a lifeline in the coming months, so our finances are more resilient as price rises run rampant. More than one in four of us are getting out in the fresh air more, and the walks that were the highlights of lockdown have remained part of our lives. More than 14 million people across the UK were reminded of the money-saving potential of getting out and about,  and 4 million people say they’ve stuck with it. Understandably, we also did much less socialising in person during lockdowns, when we didn’t have any choice in the matter. However, an awful lot of people have decided they don’t really miss some of these nights out, and have given them up for good. One in three started eating out less, and one in three of them (over 5 million) haven’t restarted. One in four started going out less with friends and one in five have stuck with it (more than 2 million). And of the one in ten who started socialising more online rather than in person, almost one in ten still do so (almost half a million) – so it appears the online quiz is still alive and kicking. These new habits could save us substantially. On average we spend £28.50 a week going out to eat and drink, and £4.70 on going to things like concerts, films and museums. It means we could save £144 a month by cutting these things out. Shopping Habits We’re also shopping less as a leisure activity, and more than two million people say they’re still shopping less overall. As a result, almost one in five of us are also saving more. And while the unlocking of the economy and rising prices have meant only one in five of these people have been able to keep this up, it still means 1.5 million people paying more into their savings. It also forced more people to get to grips with online shopping and banking. One in four took to online shopping during lockdown, and more than one in four of them have stuck with it. Meanwhile, one in five started online banking and one in five of them still do so. This offers the advantage of being able to shop around, and find any deals available anywhere, rather than relying on what happens to be on the local high street. For savers in particular it makes an enormous difference to the kinds of rates available. Someone living where Barclays is the last bank in town may be stuck with 0.01% on their easy access savings in branch, but moving online means they could track down 1.31% from Al Rayan Bank – with no strings attached. All this bargain-hunting and cutting back means that almost one in ten were able to pick up a debt-repayment habit during the pandemic. However, in the months since, our enthusiasm for repayment has dimmed - partly as a result of the fact we have paid so much back, but also because  rising prices have put this under pressure. It means that only around half a million - have stuck with debt repayments. However, it’s not all good news, because these new habits are putting businesses under pressure.” Sophie Lund-Yates, lead equity analyst, Hargreaves Lansdown explains: “Changed habits have disproportionately affected businesses. Eating out less is a particular problem for restaurant chains reliant on shoppers. The types of eateries that frequent shopping centres and high streets are facing an uphill battle. They occupy a middle ground that aims to capture families and friends who need a bite to eat while out shopping, and are less likely to be sought out as a purposeful dinner-destination. Restaurant Group PLC (LON:RTN), which owns Wagamama and Frankie & Benny’s, as well as other mid-market chains, has seen its share price fall nearly 60% in the last year. The challenges are large, but not wholly insurmountable – depending on your view on the future of bricks and mortar retail. Increased online shopping has also been both a blessing and a curse for businesses. In a lot of cases, it’s forced physical-heavy operations to up their digital game. Tesco PLC (LON:TSCO) springs to mind, where online capacity has mushroomed. While a lot of the elevated demand is expected to stick around for online groceries, getting that infrastructure up and running has cost a pretty penny. If shoppers do decide to head back into stores at a faster rate than planned, the laws of operational gearing mean profits will suffer. A beneficiary of the e-commerce boom is box-maker DS Smith plc (LON:SMDS). All those extra parcels need to be packaged in something, and DS Smith serves as a reminder that suppliers to growing businesses are often underappreciated compared to the companies they serve.” New habits Percentage who picked it up during the pandemic Percentage who stuck with it Eating out less 30% 30% Taking more walks 27% 30% Doing more online shopping 25% 27% Going out less with friends 23% 21% Shopping less 20% 19% Doing more online banking 18% 21% Saving more 17% 18% Shopping more locally 17% 18% Streaming films instead of going to the cinema 14% 14% Socialising online rather than in person 11% 8% Paying off debts 8% 6% Taking lunch to work 6% 6% *Calculations based on around 54 million adults in the UK About Hargreaves Lansdown Over 1.7 million clients trust us with £132.3 billion (as at 30 April 2022), making us the UK’s number one platform for private investors. More than 98% of client activity is done through our digital channels and over 600,000 access our mobile app each month. Updated on May 23, 2022, 10:25 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 23rd, 2022

Onyx Equities Debuts Head-Turning Renovation at Gateway Center’s Grand Opening in Downtown Newark

On Thursday, May 19th, Onyx Equities was joined by Newark Mayor Ras Baraka and other Newark elected and civic leaders to unveil the new two-story “Jewel Box” entryway into Gateway Center, downtown Newark’s cornerstone redevelopment project that links three newly reimagined Class A office towers through a massive 100,000 square... The post Onyx Equities Debuts Head-Turning Renovation at Gateway Center’s Grand Opening in Downtown Newark appeared first on Real Estate Weekly. Newark Mayor Ras Baraka joined John Saraceno and Jon Schultz, Co-Founders and Managing Partners for Onyx Equities to reveal the Jewel Box entrance to Gateway Center.  The new two-story, glass enclosed entrance is part of a $60 million renovation that will change the way that commuters, visitors and residents interact with the building and the surrounding neighborhood.From Left to Right: John Saraceno, Mayor Ras Baraka, Jon Schultz. On Thursday, May 19th, Onyx Equities was joined by Newark Mayor Ras Baraka and other Newark elected and civic leaders to unveil the new two-story “Jewel Box” entryway into Gateway Center, downtown Newark’s cornerstone redevelopment project that links three newly reimagined Class A office towers through a massive 100,000 square foot retail/dining concourse known as The Junction, opening later this year. The event celebrates a pinnacle moment in Gateway’s transformation – one of the largest in New Jersey’s history, and Newark’s revitalization as an international center for commerce, culture and cuisine. “The new Jewel Box entryway and the larger Gateway redevelopment project are a testament to what New Jerseyans have always known: there is no better place in the world to live, work, and play,” said Governor Phil Murphy. “Visitors, employees, and families will all benefit from this game-changing development, which showcases some of the best dining options and recreational activities the Garden State has to offer. Now more than ever, Newark remains an internationally renowned commercial and cultural hub.” Located along Raymond Plaza West across from Newark Penn Station, the “Jewel Box” was designed as a welcoming beacon for all Newark visitors, employees, and residents, and will soon serve as the main entrance into The Junction, which will deliver an exciting combination of food options from Newark’s local culinary talent and well-known restauranteurs from across the Hudson River in late 2022. Recently announced restaurant tenants include Serafina, Mökbar, Brooklyn Dumpling Shop, Fresh & Co, Greek from Greece Bakery & Café, Farinella, 375˚ Chicken & Fries, Chip City Cookies, The Brookdale, among other notables – many of which were highlighted as part of the Grand Opening celebration. Additional fitness, educational, and wellness retailers will round out a total lifestyle program. “The Jewel Box is a state-of-the-art entrance to the Gateway Center, one of our city’s signature complexes,” Newark Mayor Ras J. Baraka said. “Adjoined with The Junction that opens later this year, it will showcase our excellence, hospitality, and diverse array of food to Newark residents, workforce, and visitors. “We are thankful to Onyx Equities for transforming such an important center in the heart of our downtown.” “We are opening The Jewel Box at a really exciting time when people are coming back to the office,” said Jonathan Schultz, Co-Founder and Principal at Onyx Equities. “This was not just about improving the pedestrian and employee experience within the complex; it is part of a larger overall reinterpretation of what Newark can be for businesses and residents looking for a thriving urban community.” “Our design intent was to activate the streetscape and create a welcoming connection to the community. Designed in the 1970s, Gateway was deliberately inward-facing with little connection to the life of the city, but Onyx’s new vision re-engages the community,” said Roger Smith, Design Director. “With street level local retailers, a landscaped public plaza and the two-story entrance hall across from Newark Penn Station, Gateway will become Newark’s new front door.” Comprised of some of the tallest buildings in the city, the transformation of the 2.3 million square foot, four-building Gateway Center complex is nothing short of spectacular. Inside and out, over $50 Million in capital improvements bring the vision of world-renowned architect Gensler to life, introducing a new exterior façade, modernized lobbies and common areas, tech-forward collaborative spaces, generous and flexible office build-out configurations, state-of-the-art post-COVID sanitation systems, a newly renovated parking garage, and a best-in-class retail experience that anticipates over 75,000 daily visitors once complete thanks to direct skybridge connectivity to Newark Penn Station, a Doubletree by Hilton, One Riverfront Center, Panasonic’s Corporate Headquarters, and several new residential developments under construction. “Gateway is on course to be New Jersey’s premier office and dining destination – the first of its kind in our state,” said Matthew P. Flath, vice president of asset management at Onyx Equities. “We know we’re hitting the right note because we’re attracting world-renowned restaurants like Serafina and celebrity chefs like Esther Choi of Mökbar, as well our top-tier regional and local culinary talent.” Appealing to a wide audience, the development also plays a major day-to-day role in the immediate area where there is a growing population of 300,000, a daytime workforce population of 200,000 and 58,000 riders who board at Newark Penn Station daily. In addition, more than 60,000 vehicles pass The Junction at Gateway Center along McCarter Highway each day. Prudential Center, home of the New Jersey Devils and Seton Hall Pirates Basketball, is directly across the street and four major universities with over 50,000 students are nearby. To learn more about Gateway Center, visit GatewayNJ.com. For retail leasing inquiries at The Junction, contact Jason Pierson and Ryan Starkman of Pierson Commercial Real Estate at (927) 823-4800. For information about Class A office opportunities within 1, 2 & 4 Gateway Center, contact Tim Greiner and Blake Goodman of JLL at (732) 707-6900 x5. The post Onyx Equities Debuts Head-Turning Renovation at Gateway Center’s Grand Opening in Downtown Newark appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMay 21st, 2022

Bell Works Chicagoland Announces Heritage-Crystal Clean as Latest Office Tenant 39,000-SF Office Lease

Bell Works Chicagoland, the former AT&T corporate campus and Chicagoland’s first ‘metroburb’ —  a self-contained metropolis in suburbia — today announced it has signed an 11-year lease with Heritage-Crystal Clean (HCC), Inc. (Nasdaq: HCCI), marking the company as the building’s largest tenant to date.  Bell Works Chicagoland will become home... The post Bell Works Chicagoland Announces Heritage-Crystal Clean as Latest Office Tenant 39,000-SF Office Lease appeared first on Real Estate Weekly. Bell Works Chicagoland, the former AT&T corporate campus and Chicagoland’s first ‘metroburb’ —  a self-contained metropolis in suburbia — today announced it has signed an 11-year lease with Heritage-Crystal Clean (HCC), Inc. (Nasdaq: HCCI), marking the company as the building’s largest tenant to date.  Bell Works Chicagoland will become home to HCC’s national headquarters in August 2022. The publicly-traded environmental products and services company will occupy one full quadrant on the building’s third floor, consisting of 32,000 square feet, plus an additional 7,000 square feet of space on an adjacent quadrant. Its offices will be designed by NELSON Worldwide. “The continued interest we’re seeing for our thoughtfully designed spaces is a testament to the needs and priorities of today’s workforce,” said Ralph Zucker, President of Somerset Development, the developer behind Bell Works Chicagoland. “Companies are proactively seeking environments that not only enable their teams to flourish, work collaboratively, and think creatively, but also reflect the core values of their business. Like us, HCC is a company with a deep passion for sustainability and innovation, and we’re excited to welcome them as the newest tenant at our growing metroburb.” Founded with just 12 employees in 1999,  HCC will bring its team of 180 workers from its longtime home in Elgin, Illinois, to the metroburb. The space will support the core functions of the company while simultaneously encompassing HCC’s sustainability-driven mission and the natural surroundings of Bell Works Chicagoland, which includes reclaimed wetlands. Notable features of the headquarters include four custom branding areas, two of which showcase HCC logos made completely out of recycled materials, a testament to HCC’s brand, while the remaining two represent HCC’s vision, mission, values, and customer experience. The floor plan and interior design were thoughtfully prepared to integrate the workspace with the concept of nature and walking through a wooded path, offering employees access to daylight with ergonomic sit/stand desks and chairs placed along the exterior of the layout. A large cafe for gathering and entertainment will be equipped with a ping pong table, TV, and multiple seating arrangements. There will also be built-in cupboards for recycling glass, plastic, paper, and batteries throughout, keeping sustainability a priority on all levels. Customized meeting areas from individual niches to medium-sized conference rooms and a large-scale boardroom will promote flexibility and collaboration throughout the space. “As a National Environmental Services Company dedicated to sustainability and corporate social responsibility, Bell Works Chicagoland was a natural fit when deciding where to relocate our headquarters,” said Brian Recatto, President and CEO at HCC. “The metroburb encompasses all of the priorities and preferences of our team — from highly collaborative, open spaces to flourishing natural light and the surrounding nature-filled landscape. Located just a short distance from our original headquarters, the space will be conveniently located for our staff and set us up for continued long-term success.” Founded in 1999, HCC is a leading provider of parts cleaning, hazardous and non-hazardous waste services, used oil re-refining, antifreeze recycling and field services primarily focused on small and mid-sized customers. Today, the company has approximately 1,400 employees nationwide, with 120 locations and 91 branches across 47 states.  In 2021, Bell Works announced Platinum Home Mortgage (‘PHMC’) signed a long-term lease to join the office community at Bell Works Chicagoland. The company now occupies 22,000 square feet spread across three dedicated office spaces at the metroburb. Headline Solar also recently joined Bell Works’ growing list of office tenants, and occupies 15,690 square feet with another 15,000 square feet available for potential expansion. Other occupants include CPA Advisors Group, a boutique full-service accounting firm; Mosquito Hunters, a locally-owned residential and commercial mosquito control company; and The Next Unicorn, an equity crowdfunding firm. Recently, Bell Works Chicagoland also celebrated the grand opening of coLab, the official coworking membership experience at the property. Spread across 15,000 square feet, the new coworking facility offers flexible lease terms and workspaces, including access to dedicated conference and meeting rooms, lounges, and state-of-the-art amenities. coLab was designed by Paola Zamudio and her team at NPZ Style & Decor, who also led the transformation of the interior at the metroburb.   The metroburb additionally features 60,000 square feet of ground-floor retail and restaurant space, which provides both members and visitors alike with an eclectic mix of dining and entertainment options. Local Chicago favorite Fairgrounds Craft Coffee and Tea also opened at the campus earlier this year.  Sven Sykes, Executive Vice President at Colliers International, represented HCC in the transaction. Steve Kling, Principal at Colliers International, represented Bell Works Chicagoland in the transaction.  For office leasing inquiries at Bell Works Chicagoland please contact Steve Kling at Steve.Kling@colliers.com or Tara Keating at keating@garibaldi.com. To learn more about Bell Works Chicagoland, visit bell.works/chicagoland. The post Bell Works Chicagoland Announces Heritage-Crystal Clean as Latest Office Tenant 39,000-SF Office Lease appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMay 19th, 2022

Leasing Activity Heats up at The Gateway at Wynwood

As Miami continues to experience a post-pandemic boom, The Gateway at Wynwood – the newest office building in the Wynwood area – announces tech start-up OpenStore’s expansion and the growth of its impressive roster of tenants with the addition of two new leases.   Aron Rosenberg, the developer behind The Gateway at Wynwood, has... The post Leasing Activity Heats up at The Gateway at Wynwood appeared first on Real Estate Weekly. As Miami continues to experience a post-pandemic boom, The Gateway at Wynwood – the newest office building in the Wynwood area – announces tech start-up OpenStore’s expansion and the growth of its impressive roster of tenants with the addition of two new leases.   Aron Rosenberg, the developer behind The Gateway at Wynwood, has signed a lease with OpenStore for an approximately 26,000-square-foot expansion, bringing the company’s total footprint in the building to over 40,000 square feet. At the same time, The Gateway at Wynwood signed a new lease with Baseline, a vertically integrated platform investment company, for 5,000 square feet of office space. It also signed a lease with Mediterranean-Asian-Fusion Steakhouse concept DALIYAH and MIZU Rooftop Garden for approximately 6,000 square feet of ground-floor restaurant space plus the nearly 3,000-square-foot rooftop area.  The Gateway at Wynwood was represented by Colliers’ Executive Managing Director Stephen Rutchik, Managing Director Tom Farmer and Director Tyler de la Pena in the office lease transactions. CBRE’s Alex Cesar, First Vice President of Retail Advisory and Transaction Services, and Drew Schaul, Senior Vice President of Advisory and Transaction Services, represented The Gateway at Wynwood in the retail lease.  “Leasing activity has ramped up since the building’s opening, and we are excited to welcome these new tenants and see a current tenant expand so fast at The Gateway at Wynwood,” said Shelby Rosenberg, R&B Realty’s Head of Development and Acquisitions, Asset and Property Manager, US Portfolio. “Our building continues to remain a hub for new-to-market tenants, expansions and relocations to Wynwood, the ‘place-to-be’ for companies looking for a live-work-play environment. We are proud of the role we have played in the transformation of this community into one of Miami’s hottest neighborhoods.” The Gateway at Wynwood, which opened in 2022 as the first tenant took occupancy in January, recently achieved LEED Gold Certification. The building implemented practical and measurable strategies and solutions in areas including sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality. Green buildings allow companies to operate more sustainably and give the people inside them a healthier, more comfortable space to work. OpenStore, the building’s first tenant to officially move in, is a platform that allows entrepreneurs with Shopify businesses to sell their companies and receive liquidity for what they’ve built. Founded by Keith Rabois of Founders Fund, Jack Abraham of Atomic, and Michael Rubenstein, the former President of AppNexus, OpenStore connects merchants and customers into a single unified shopping experience through access to data, information, and capital. The company announced in July that it raised $30 million in Series A funding, with a valuation of $250 million. OpenStore’s goal is to offer instant liquidity for eCommerce entrepreneurs. Baseline is focused on developing and operating short and long-term single-family rentals. Baseline’s principals have delivered over 4,000 market-leading vacation rentals and 20,000 single-family homes with an aggregate value of over $7 billion. This will be the Orlando-based company’s first Miami office. DALIYAH and MIZU Rooftop Garden’s concept was created by DZYNE Hospitality and OPSO Group, which are partnering with Canada’s A5 Hospitality. DZYNE Hospitality, led by Derrick Orosa, aka “DZYNE,” is working with OPSO Group, the company behind some of Miami’s trendiest restaurants, including Midtown’s MAÜ MIAMI and KAVO MIAMI, on the new concept. Founded by Alexandre Besnard and Patrick Hétu, A5 Hospitality has been a leading player in Montreal’s hospitality industry for 15 years. A5 has a varied yet targeted offering, ranging from high-end Japanese dining to large-scale entertainment projects, specializing in the development and operation of restaurants and bars. MIZU Rooftop Garden is set to open first, in time for Art Basel 2022, with the downstairs restaurant, opening by Summer of 2023. “Our Rooftop Garden has the most amazing views of the entire Miami Skyline, South Beach, Brickell, Downtown, Midtown, Design District and of course, Wynwood”, said DZYNE of DZYNE Hospitality. “Our high-end Mediterranean Japanese Steakhouse will be situated in between all the action of Wynwood, making it the ideal destination location, where you can have amazing Japanese cuisine with disco, retro and high energy music playing throughout the restaurant or take our private elevator directly to the Rooftop Garden and lay back for some specialty cocktails, bottle service, Japanese Krudos, fresh sushi and cold Japanese dishes, as well as Wagyu and Kobe BBQ.”   The Gateway at Wynwood offers about 195,000 square feet of leasable Class A office space and nearly 25,900 square feet of prime street-level retail space. Designed by renowned architect Kobi Karp, the environmentally responsible building features flexible floorplans, a private rooftop terrace, gym, unique bay window system, 24/7 on-site security, vibrant exterior cladding, and 2:1,000 on-site covered parking. The Gateway at Wynwood announced the building’s first office lease with biotech company Veru Inc in the summer of 2021. The eight-year, 12,155-square-foot lease will serve as the company’s global headquarters and triple Veru’s current office space.  The post Leasing Activity Heats up at The Gateway at Wynwood appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMay 19th, 2022

Village at Prasada, one of largest planned retail centers in the Valley, is nearly 100% leased

The developer said the massive outdoor retail, dining and entertainment center has signed on new restaurant tenants and is close to being 100% leased......»»

Category: topSource: bizjournalsMay 17th, 2022

Ariel Property Advisors arranges $9.2 million in financing for mixed-use property in Central Harlem

Ariel Property Advisors has arranged a $9.2 million acquisition loan for a mixed-use property at 321 Lenox Avenue in the Central Harlem neighborhood of Northern Manhattan. The 33-unit building is comprised of 32 free-market residential units, one commercial space occupied by local eatery Corner Social and three antenna leases. Eran... The post Ariel Property Advisors arranges $9.2 million in financing for mixed-use property in Central Harlem appeared first on Real Estate Weekly. Ariel Property Advisors has arranged a $9.2 million acquisition loan for a mixed-use property at 321 Lenox Avenue in the Central Harlem neighborhood of Northern Manhattan. The 33-unit building is comprised of 32 free-market residential units, one commercial space occupied by local eatery Corner Social and three antenna leases. Eran Nornberg, CEO of OSTB Capital LLC, who purchased the building said, “We are firm believers in thedemand dynamics of Central Harlem which is experiencing significant rental growth month-over-month,especially with our irreplaceable location being steps away from the 2 and 3 subway stops at 125thStreet. We’re looking forward to the coming years as we execute our business plan, which includes givingour tenants a best-in-class residential experience.” The five-year fixed rate, non-recourse loan featured two years of interest only payments. It was securedby an Ariel team including Matt Swerdlow and Matthew Dzbanek, both Senior Directors of CapitalServices. “Mixed-use properties that offer great retail visibility and market rate residential growth are very bankableright now,” said Swerdlow. “Our team was able to close the loan in 35 business days while also securingfull credit for all of the income derived from the antenna leases, typically a rarity in commercial lendingdue to potential technological obsolescence and a high degree of possible competition among otherrooftops.” Located between 126th and 127th Streets on Harlem’s restaurant row, 321 Lenox Avenue is across thestreet from the world-famous Sylvia’s and a popular restaurant Red Rooster. Harlem’s main commercialcorridor is a block away on 125 th Street where national retailers include Whole Foods, Raymour &Flanigan, CVS and Marshalls. The post Ariel Property Advisors arranges $9.2 million in financing for mixed-use property in Central Harlem appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMay 16th, 2022

Key Events This Week: Retail Sales, Housing Data And Barrage Of Fed Speakers

Key Events This Week: Retail Sales, Housing Data And Barrage Of Fed Speakers After several furious weeks of economic data, earnings and central bank announcements, it is a somewhat quieter week and looking forward, there's not a standout event to focus on this week according to DB's Jim Reid, even if there will be plenty to keep all occupied. US retail sales (tomorrow) is the highlight alongside Powell's speech the same day. There will also be US housing data scattered across the week and UK and Japanese inflation on Wednesday and Friday respectively. Let's start with US retail sales as it will be a good early guide for Q2 GDP. DB's economists are anticipating a +1.7% print, up from +0.7% in March and above the 1.0% consensus print. Rebounding auto sales should help the headline number. US industrial production is out the same day. US housing will also be a big focus next week. It's probably too early for the highest mortgage rates since 2009 to kick in but with these rates around 220bps higher YTD, some damage will surely soon be done after the highest YoY price appreciation outside of an immediate post WWII bounce, in DB's 120+ year housing database. On this we will see the NAHB housing market index (tomorrow), April’s US building permits and housing starts (Wednesday), and existing home sales (Thursday). We also have a long list of central bank speakers this week headed by Powell and Lagarde (tomorrow) and BoE Bailey today. There are many more spread across the week and you can see the list in the day by day event list at the end. We do have the last ECB meeting minutes on Thursday but the subsequent push towards a July hike might make these quite dated. Turning to corporate earnings, it will be another quiet week after 457 of the S&P 500 companies and 368 of the STOXX 600 companies have reported earnings this season so far. Yet, it will be an important one to gauge how the US consumer is faring amid inflation at multi-decade highs, including reports such as Walmart, Home Depot (tomorrow), Target and TJX (Wednesday). Results will also be due from China's key tech and ecommerce companies like JD.com (tomorrow), Tencent (Wednesday) and Xiaomi (Thursday). Other notable corporate reporters will include Cisco (Wednesday), Applied Materials, Palo Alto Networks (Thursday) and Deere (Friday). Courtesy of DB, here is a day-by-day calendar of events: Monday May 16 Data: US May Empire manufacturing index, China April industrial production, retail sales, property investment, residential property sales, Japan April PPI, machine tool orders, Germany April wholesale price index, Eurozone March trade balance, Canada April housing starts, March manufacturing, wholesale trade sales Central banks: Fed's Williams speaks, ECB's Lane, Villeroy and Panetta speak, BOE's Bailey, Ramsden, Haskel and Saunders speak Earnings:Ryanair, Take-Two Interactive Other: EU Commission releases economic forecasts Tuesday May 17 Data: US May NAHB housing market index, April retail sales, industrial production, capacity utilisation, manufacturing production, March business inventories, Japan March tertiary industry index, France Q1 ILO unemployment rate, UK April jobless claims change, March average weekly earnings, ILO unemployment rate, Italy March trade balance, Eurozone Q1 employment, GDP Central banks: Fed's Powell, Bullard, Harker, Evans, Kashkari and Mester speak, ECB's Lagarde and Centeno speak, BoE's Cunliffe speaks Earnings: Walmart, Home Depot, JD.com, Vodafone Wednesday May 18 Data: US April building permits, housing starts, China April new home prices, Japan Q1 GDP, March capacity utilisation, UK April CPI, RPI, PPI, March house price index, EU27 April new car registrations, Canada April CPI Central banks: Fed's Harker speaks Earnings: SQM, Tencent, Cisco, Lowe's, Target, TJX Other: G7 central bankers and finance ministers meet in Germany until May 20th Thursday May 19 Data: US May Philadelphia Fed business outlook, initial jobless claims, April existing home sales, leading index, Japan April trade balance, March core machine orders, Italy March current account, Eurozone March construction output, Canada April industrial product and raw materials price indices Central banks: ECB publishes account of the April meeting,Fed's Kashkari speaks,ECB's Guindos and Holzmann speak Earnings: Xiaomi, Applied Materials, Palo Alto Networks, Kohl's, easyJet Friday May 20 Data: China 1-year and 5-year loan prime rate, Japan April national CPI, Eurozone May consumer confidence, Germany April PPI, UK May GfK consumer confidence, April retail sales Central banks: BoE's Pill speaks Earnings: Deere * * * Finally, looking at just the US, Goldman writes that the key economic data releases this week are retail sales on Tuesday and Philly Fed manufacturing index on Thursday. There are several scheduled speaking engagements by Fed officials this week, including Chair Powell on Tuesday.  Monday, May 16 08:30 AM Empire State manufacturing survey, May (consensus +15.0, last +24.6) 08:55 AM New York Fed President Williams (FOMC voter) speaks: New York Fed President John Williams will take part in a moderated discussion during an event hosted by the Mortgage Bankers Association in New York. Tuesday, May 17 08:00 AM St. Louis Fed President Bullard (FOMC voter) speaks; St. Louis Fed President James Bullard will discuss the outlook for the economy and monetary policy at a virtual conference hosted by the Energy Infrastructure Council. 08:30 AM Retail sales, April (GS +1.3%, consensus +1.0%, last +0.7%); Retail sales ex-auto, April (GS +0.6%, consensus +0.4%, last +1.42%); Retail sales ex-auto & gas, April (GS +0.8%, consensus +0.7%, last +0.7%); Core retail sales, April (GS +0.9%, consensus +0.8%, last +0.7%): We estimate a 0.9% rise in April core retail sales (ex-autos, gasoline, and building materials; mom sa) following the upwardly revised 0.7% gain in March. While tighter financial conditions are likely weighing on consumer sentiment and discretionary spending, high-frequency data suggest retail sales held up for most of the month. On the negative side, we look for a modest pullback in restaurant spending. We estimate a 1.3% rise in headline retail sales, reflecting higher auto sales and auto prices but a pullback in gasoline prices. 09:15 AM Industrial production, April (GS +0.7%, consensus +0.5%, last +0.9%); Manufacturing production, April (GS +0.3%, consensus +0.4%, last +0.9%); Capacity utilization, April (GS 78.8%, consensus 78.5%, last 78.3%): We estimate industrial production rose by 0.7% in April, reflecting strong mining and natural gas production. We estimate capacity utilization increased to 78.8%. 09:15 AM Philadelphia Fed President Harker (FOMC non-voter) speaks: Philadelphia Fed President Patrick Harker will discuss healthcare as an economic driver. Text and audience Q&A are expected. 10:00 AM Business inventories, March (consensus +1.9%, last +1.5%) 10:00 AM NAHB housing market index, May (consensus 75, last 77) 12:30 PM Minneapolis Fed President Kashkari (FOMC non-voter) speaks: Minneapolis Fed President Neel Kashkari will take part in a moderated town hall event hosted by the Sault Ste. Marie Chamber of Commerce. Audience Q&A is expected. 02:00 PM Fed Chair Powell (FOMC voter) speaks: Fed Chair Powell will be interviewed during a Wall Street Journal live event. Moderator Q&A is expected. 02:30 PM Cleveland Fed President Mester (FOMC voter) speaks: Cleveland Fed President Loretta Mester will give opening remarks at a virtual panel discussion hosted by her bank. 06:45 PM Chicago Fed President Evans (FOMC non-voter) speaks: Chicago Fed President Charles Evans will discuss the outlook for the economy and monetary policy at an event hosted by the Money Marketeers of New York University. Text and Q&A with both audience and moderator are expected. Wednesday, May 18 08:30 AM Housing starts, April (GS -2.2%, consensus -1.8%, last +0.3%); Building permits, April (consensus -3.1%, last revised +0.3%): We estimate housing starts decreased by 2.2% in April, reflecting an increase in mortgage rates. 04:00 PM Philadelphia Fed President Harker (FOMC non-voter) speaks: Philadelphia Fed President Patrick Harker will discusss the economic outlook at a virtual event hosted by the Mid-Size Bank Coalition of America. Text and audience Q&A are expected. Thursday, May 19 08:30 AM Philadelphia Fed manufacturing index, May (GS 15.0, consensus 16.5, last 17.6); We estimate that the Philadelphia Fed manufacturing index declined by 2.6pt to 15.0 in May, reflecting a sentiment drag and renewed supply chain disruptions related to China covid lockdowns and the ongoing conflict in Ukraine. 08:30 AM Initial jobless claims, week ended May 14 (GS 193k, consensus 200k, last 203k); Continuing jobless claims, week ended May 7 (consensus 1,330k, last 1,343k): We estimate that initial jobless claims dropped to 193k in the week ended May 14. 04:00 PM Minneapolis Fed President Kashkari (FOMC non-voter) speaks: Minneapolis Fed President Neel Kashkari will take part in a discussion about the impact of inflation on low-income households hosted by the Urban Institute. Friday, May 20 10:00 AM Existing home sales, April (GS -2.0%, consensus -2.5%, last -2.7%); We estimate that existing home sales declined 2.0% in April. Source: DB, Goldman, BofA Tyler Durden Mon, 05/16/2022 - 09:51.....»»

Category: blogSource: zerohedgeMay 16th, 2022

Local company to build $3M HQ, open new restaurant

Though this building will house the company’s headquarters, there will still be remaining space for other tenants. It’s still being determined whether this could include office space, apartments or retail space......»»

Category: topSource: bizjournalsMay 13th, 2022

This luxury, six-story London town house has gone on sale for $71 million – it has its own sauna, 12-meter basement pool, and wine cellar

The mansion – which also has a cinema room and wine cellar – sits on the site of a former army barracks. The town house, 2 Whistler Square, at Chelsea Barracks, London.Jack Hobhouse. A luxury town house in Belgravia, London, recently went on the market for £58 million ($71 million). The property is currently one of the most expensive listings in London. It sits on the site of a former army barracks and features a 12-meter pool and garden annex. This six-story town house in central London just went on the market. The property is on the site of a former military facility, Chelsea Barracks, and has its own 12-meter pool, private annex, and cinema room.Inside the Chelsea Barracks town houseAlex WinshipAt £58 million ($71 million), 2 Whistler Square is currently one of the most expensive listings on London's property market.The dining room.Brotherton Lock.The house stretches to almost 15,000 square feet and is arranged over six floors.The town house has six floors.Brotherton Lock.The town house has two lower ground floors, one of which is entirely dedicated to an open-plan kitchen and living area that opens on to a garden.The property has an open-plan kitchen and living area.Alex WinshipThe house's bottom floor features a cinema room and wine cellar...There is a cinema room inside.Brotherton Lock... luxury spa facilities, including a sauna, steam room, and treatment room...The town house has spa facilities.Brotherton Lock... as well as a 12-meter pool, complete with loungers.The property has an indoor pool.Brotherton Lock.The spa facilities offer "complete privacy and exclusivity," according to the developers of Chelsea Barracks.The property has spa facilities.Brotherton Lock.The bottom floor also incorporates a gym and changing rooms.The property has its own gym.Brotherton Lock.The property's ground level is made up of a luxury entrance hall, study, living room, and elevators that serve all other floors.Marble flooring runs throughout the property.Brotherton Lock.The upper floors above are given over to to bedrooms, reception rooms and dining areas ...One of the bedrooms inside the town house.Brotherton Lock...including a master suite with a lobby, bedroom, bathroom, and dressing room.One of the bathrooms inside the property.Brotherton LockThe mansion has seven bedrooms.The townhouse has seven bedrooms.Brotherton LockThe house is topped by a spacious roof terrace overlooking the surrounding area of central London.The town house has a roof terrace.Alex Winship.The property is situated in the exclusive neighborhood of Belgravia, one of London's wealthiest districts. Row homes in the area sold for an average of £4.3 million in the last year, according to property search portal, Rightmove.The outside space of the Chelsea Barracks Townhouse.Alex Winship.The architecture throughout the town house is based on "traditional Georgian layouts," according to Marion Baeli, partner at PDP, the property's architects.The living space inside the Chelsea Barracks town house.Alex WinshipThe house's neutral color scheme was inspired by the "restrained palettes seen in the Georgian era," according to Ottalie Stride, director of the home's interior designers, Albion Nord.One of the living areas in the town house.Brotherton Lock.The town house is part of a new development built on the former site of a British army barracks dating back to 1860. The barracks were in use until 2007.An aerial view of the Chelsea Barracks site in London in 2008.Jason Hawkes/Getty Images.The masterplan for the redevelopment of the Chelsea Barracks site not only includes town houses, but also private apartments, a restaurant, and a public retail space. The restaurant is set to open this year, while the apartments are already 92% sold, according to a representative of the Chelsea Barracks development.Whistler Square at Chelsea Barracks, London.Jack Hobhouse.The town houses are the most expensive properties on the development and sit on five acres of garden space. Priced from £38 million ($46.5 million), there are 13 in total. Five have already been sold.A fireplace inside the town house.Brotherton Lock.The largest of the townhouses, 2 Whistler Square is currently the development's most expensive property.The property has a separate annex.Brotherton Lock.The townhouse also features a separate, self-contained annex called the Mews House.The annex, Mews House, is part of the property.Brotherton Lock.The Mews House is spread over two floors and features a reception area, living space, bedroom, and kitchen.The living space inside Mews House, which is part of the property.Brotherton Lock.Despite its current status as one of London's most costly listings, its price tag is some way off the record price paid for a home in London. A 62,000 square foot mansion overlooking London's Hyde Park sold for $275 million dollars in 2020.The facade of 2-8a Rutland Gate, thought to be the most expensive home ever sold in Britain.LEON NEAL/AFP via Getty Images.The property was purchased by billionaire Cheung Chung-kiu, who also received permission to renovate the home. The renovation is expected to cost nearly as much as the home, per Forbes.The facade of 2-8a Rutland Gate.LEON NEAL/AFP via Getty Images.Read the original article on Business Insider.....»»

Category: dealsSource: nytMay 13th, 2022

Mixed-use lifestyle center in Yonkers sells

JLL Capital Markets announced today that it has advised on the sale of and arranged acquisition financing for Ridge Hill, a 1.2 million-square-foot mixed-use lifestyle center with retail and office space in the New York City-area community of Yonkers, New York. JLL marketed the property on behalf of the seller,... The post Mixed-use lifestyle center in Yonkers sells appeared first on Real Estate Weekly. JLL Capital Markets announced today that it has advised on the sale of and arranged acquisition financing for Ridge Hill, a 1.2 million-square-foot mixed-use lifestyle center with retail and office space in the New York City-area community of Yonkers, New York. JLL marketed the property on behalf of the seller, QIC US Management, Incorporated. A joint venture between Nuveen Real Estate, Taconic Partners and North American Properties acquired the asset for $220 million. Additionally, working on behalf of the new owner, JLL secured a $181.3 million non- recourse acquisition loan from Heitman Capital Management LLC. The partnership plans to transform Ridge Hill into a preeminent outdoor lifestyle center that will capitalize on the property’s existing experiential features combined with national luxury and fitness retailers and top-tier food and beverage options. Ridge Hill is currently 71.7 percent occupied and home to a mix of first-class retail and office tenants, including Whole Foods, Lowe’s, Dick’s Sporting Goods, T.J.Maxx, H&M, LA Fitness, LL Bean, Showcase Cinemas, Legoland Discovery Center, Guitar Center, the Container Store and Westmed Medical Group. The property, which opened in 2011, welcomes 7.1 million annual visitors and is in the top 1% of the most trafficked centers in the U.S. and New York. Positioned on 74 acres at One Ridge Hill Blvd., the center is in Yonkers, which is in Westchester County and one of the wealthiest locations in the country. Ridge Hill is 20 minutes north of New York City and immediately adjacent to the Sprain Brook Parkway. This irreplaceable location is in a top-tier trade area that includes 681,744 residents within a 15-minute drive who earn an average annual household income of $109,333. The JLL Retail Capital Markets team that represented the seller was led by Senior Managing Director Dave Monahan, Senior Director Cameron Pittman, Senior Managing Director and Co-Head of U.S. Retail Capital Markets Chris Angelone and Senior Managing Directors Jose Cruz and Andrew Scandalios. “Ridge Hill is one of the more compelling investment opportunities that I have transacted on in my career,” Monahan said. “Driven by the exceptional trade area characteristics, highly desirable existing tenancy and multiple value creation opportunities, this asset received a tremendous amount of interest from a broad range of investors. The collective experience and operational expertise of the buyer group of Nuveen, Taconic and North American Properties creates an ownership that is uniquely qualified to enable Ridge Hill to achieve its highest potential.” The JLL Capital Markets Debt Advisory team that represented the borrower included Senior Managing Directors Kellogg Gaines, Aaron Niedermayer and Evan Pariser, Managing Director Claudia Steeb and Analyst Joy Dracos. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. For more news, videos and research resources on JLL, please visit our newsroom. The post Mixed-use lifestyle center in Yonkers sells appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMay 5th, 2022

Bell Works Celebrates the Opening of FitLab in Hoffman Estates

Bell Works Chicagoland, the former AT&T corporate campus and Chicagoland’s first ‘metroburb’ – a self-contained metropolis in suburbia — today celebrated the opening of FitLab. Operated by Kinema Fitness, the new health and wellness facility offers a holistic wellness experience for tenants, guests and the greater community, including personal training,... The post Bell Works Celebrates the Opening of FitLab in Hoffman Estates appeared first on Real Estate Weekly. Bell Works Chicagoland, the former AT&T corporate campus and Chicagoland’s first ‘metroburb’ – a self-contained metropolis in suburbia — today celebrated the opening of FitLab. Operated by Kinema Fitness, the new health and wellness facility offers a holistic wellness experience for tenants, guests and the greater community, including personal training, health coaching, nutrition consultation, state-of-the-art equipment and a broad range of group fitness classes. “The opening of FitLab marks yet another important milestone in the transformation of Bell Works Chicagoland. As employees’ expectations from the workplace continue to shift, we’re placing an even greater  emphasis on health and wellbeing,” said Ralph Zucker, the developer behind the transformation of the metroburb. “As the metroburb continues to take shape, we’re providing an environment – emblematic of a vibrant downtown – that enhances work life balance. This expansive, thoughtfully designed space provides the ability to bring people together and inspire more activity, which are the greatest assets to our growing Bell Works community.” The new FitLab offers comprehensive wellness programming and fitness courses that are available both within the facility and externally at tenant spaces. Spread across 31,680 square feet, FitLab features a variety of fitness classes, workshops and assessments; nutrition consultations and health coaching sessions; and recovery-focused offerings such as private meditation and reiki sessions. In addition to group classes and programming, the facility offers: State-of-the-art Precor Fitness EquipmentCardio touch screens with streaming applicationsQueenax Functional Rig SystemIndoor Running TrackFull-service locker rooms with complimentary towel serviceMulti-purpose studio room with cycling classesMeditation roomTRX Bay units and circuit trainingJacobs Ladder cardio machines Designed by Bell Works Creative Director Paola Zamudio and her team at NPZ Style+Decor, FitLab features an intimate urban boutique fitness facility atmosphere, with a human-centric design fabric woven throughout the elevated space. The bold color palette is complemented by biophilic elements interspersed throughout the facility, creating an inspiring and carefully curated environment that increases members’ feeling of well-being. “Wellness has always been a core value of the Bell Works brand. As Creative Director and Lead Designer of Bell Works, I find importance in emphasizing health through my design process, especially in today’s world. In collaboration with the FitLab team, we created a state-of-the-art fitness studio with bold graphics, energizing colors, high-quality equipment, and an overall modern experience for our community. FitLab is the perfect addition to the metroburb, and we look forward to welcoming them and their members very soon!” FitLab is operated by Kinema Fitness, a full-service fitness center management and design company. Founded in 2009, Kinema manages some of the most premier tenant fitness centers in the country with sites in Los Angeles, San Francisco, Nashville, Chicago, Washington D.C., Boston, Miami, Orlando, Philadelphia, and more. Kinema Fitness has additionally created a robust virtual wellness platform for its members that offers live streaming fitness classes, workshops, nutritional coaching, challenges and fun family activities. “Kinema’s has built a reputation rooted in our passion for providing incredible holistic wellness experiences and unparalleled customer service,” said Kinema Fitness President Joshua Love. “Our brand ethos aligns perfectly with the culture of inspiration permeating throughout the metroburb, and we’re honored to be part of the expanding community here at Bell Works Chicagoland.”  Somerset is transforming the vacant former AT&T corporate campus into Chicagoland’s first ‘metroburb’ – a self-contained metropolis in suburbia. The company continues to build on the resounding success of the first Bell Works concept in Holmdel, N.J., where it has transformed a two-million-square-foot former Bell Labs headquarters into a first-of-its-kind ecosystem of offices, shops, dining, event space, hospitality, and community resources. Recently, Somerset celebrated the grand opening of coLab at Bell Works Chicagoland,  the official coworking membership experience at the property. Spread across 15,000 square feet, the new coworking facility offers flexible lease terms and workspaces, including access to dedicated conference and meeting rooms, lounges, and state-of-the-art amenities. All members of coLab qualify for the tenant membership rate at FitLab. Bell Works also welcomed Platinum Home Mortgage Corporation — the metroburb’s first long-term lease — which joins a growing list of office tenants including CPA Advisors Group, a boutique full-service accounting firm; Mosquito Hunters, residential and commercial mosquito control services; and The Next Unicorn, an equity crowdfunding firm. The metroburb additionally features 60,000 square feet of ground-floor retail and restaurant space, which will provide both members and visitors alike with an eclectic mix of dining and entertainment options. FitLab joins an outpost of local Chicago favorite Fairgrounds Craft Coffee and Tea, which opened earlier this year.  For office leasing inquiries at Bell Works Chicagoland please contact Steve Kling at Steve.Kling@colliers.com or Tara Keating at keating@garibaldi.com. To learn more about Bell Works Chicagoland, visit bell.works/chicagoland. The post Bell Works Celebrates the Opening of FitLab in Hoffman Estates appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMay 2nd, 2022

ATCO Properties & Management welcomes Mount Sinai to 373 Park Avenue South

 ATCO Properties & Management announced today that it has finalized a 10-year, 17,464 square-foot lease with Mount Sinai to open a cardiology office at 373 Park Avenue South in the Flatiron District. The new lease encompasses the entire 11th and 12th floors of the boutique 12-story, 110,000 square-foot building, located on the southeast corner between... The post ATCO Properties & Management welcomes Mount Sinai to 373 Park Avenue South appeared first on Real Estate Weekly.  ATCO Properties & Management announced today that it has finalized a 10-year, 17,464 square-foot lease with Mount Sinai to open a cardiology office at 373 Park Avenue South in the Flatiron District. The new lease encompasses the entire 11th and 12th floors of the boutique 12-story, 110,000 square-foot building, located on the southeast corner between East 26th and 27th Streets. Mount Sinai is an integrated health care system that provides comprehensive medical care to local and global communities. Encompassing the Icahn School of Medicine and eight hospital campuses in the New York metropolitan area, as well as a large, regional ambulatory footprint, it is internationally known for its excellence in research, patient care, and education across a range of specialties. “We’re thrilled to be able to accommodate Mount Sinai’s needs for its new cardiology center and provide the neighborhood with another important health and wellness amenity,” said Kate Hemmerdinger Goodman, co-president of ATCO Properties & Management. “373 Park Avenue South’s combination of classic architecture, modern infrastructure and prime location will make for a welcoming, convenient and efficient medical environment for patients and staff alike.” Leonard Zimmerman at Hemsley Spear represented Mount Sinai in the transaction, while Kate Goodman represented building ownership in-house. Asking rent was $59 per square foot. Built in the early 1900s, 373 Park Avenue South benefits from a prime location near Madison Square Park, restaurants, and multiple subway lines. Major tenants at the property include Simplebet, LaunchSquad, Neuehouse. Advanced Focus, and Lifetime Brands Inc. Retail tenants include Mexican restaurant Dos Caminos. The building offers 8,732 square-foot floor plates. Available commercial space includes fully built out space on the 2nd and 6th floor with western views that allow for sunny exposures and low loss factors. Certain suites include exposed brick walls. For more information on ATCO, please contact 212-687-5154 or visit www.atco.us The post ATCO Properties & Management welcomes Mount Sinai to 373 Park Avenue South appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyApr 28th, 2022

Ballantyne Village – a True Mixed-Use Development – Continues to Grow with New Retail, Office, and Hospitality

 In the past six months, retail leasing momentum at Ballantyne Village has come back in a big way, adding several new restaurant, bar, and beauty concepts to the tenant lineup. Foundry Commercial, which leases and manages retail at the center, was also recently named the exclusive office leasing agent at... The post Ballantyne Village – a True Mixed-Use Development – Continues to Grow with New Retail, Office, and Hospitality appeared first on Real Estate Weekly.  In the past six months, retail leasing momentum at Ballantyne Village has come back in a big way, adding several new restaurant, bar, and beauty concepts to the tenant lineup. Foundry Commercial, which leases and manages retail at the center, was also recently named the exclusive office leasing agent at Ballantyne Village, where a former movie theater was recently converted into a 55,000+ square foot Class-A office property. “We’re experiencing incredible leasing momentum throughout Ballantyne Village as we emerge from the pandemic, attracting a high-end consumer to the live-work-play environment that’s become so synonymous with this community,” stated Greg Guido, Co-Managing Member of Stonemar Properties, the property owner. “Our new office space has floor-to-ceiling windows, an abundance of natural light, high ceilings, and a one-of-a-kind opportunity to create a private rooftop amenity space for the exclusive use of the new tenant. And with all the restaurants, fitness, and service-oriented tenants, as well as shopping available directly below the office space, our highly amenitized environment is a perfect fit for today’s workforce.” Recently, Foundry Commercial leased retail space at Ballantyne Village to Casa Del Tequila, a 2,623-square-foot authentic Mexican restaurant and tequila bar; Vel Tree, a 2,503-square-foot soulful vegan restaurant; and Deka Lash, a 1,082-square-foot eyelash extension and beauty shop. Vel Tree is open, and both Casa Del Tequila and Deka Lash are expected to open by early summer. Just last month, in addition to providing retail brokerage and property management services at Ballantyne Village, Stonemar Properties tapped Foundry Commercial to also handle office leasing at the center, which offers large floor plates optimal for various layouts, 13’ ceiling heights, the potential for a private tenant rooftop, and unparalleled access to amenities. Ballantyne Village has recently attracted attention as the highly anticipated 186-guestroom AC Hotel Charlotte Ballantyne opened there earlier this year. Additionally, directly across the street is the phased ‘Ballantyne Reimagined’ project – with the intention of creating a more urban, walkable community – which is expected to include 10 additional parks, an outdoor amphitheater to accommodate 3,500+ people, a brewery, and a connection to the greenway. Given the momentum and recent development in the area, interest in adding more Class-A office space in the Ballantyne neighborhood increased. Located directly above 40+ food and beverage, fitness, and boutique shopping concepts, and connected to the new hotel, Ballantyne Village’s office property boasts 55,000+ square feet of available space. The office space features plentiful parking on a recently revamped covered parking deck, ample directional signage, and an outdoor patio space overlooking the center’s retail. “There’s really nothing quite like this office opportunity in the Charlotte area, and as we experience increasing interest from tenants for highly amenitized office properties, Ballantyne Village is one of the best options in the market for tenants to cater to this demand,” said Meredith Ball, Office Agency Leasing Partner for Foundry Commercial. Ballantyne Village is located at the southwest corner of Johnston Road and Ballantyne Commons Parkway, the most prominent intersection in Ballantyne. Office tenants can currently activate an amazing signage opportunity at the high-traffic entrance to the plaza. As stated previously, Foundry Commercial handles office and retail leasing as well as management of Ballantyne Village. Foundry Commercial’s Meredith Ball and Claiborne Dandridge are leasing the office space at Ballantyne Village; Keely Hines handles retail leasing. For leasing inquiries, call 704-523-0272.  The post Ballantyne Village – a True Mixed-Use Development – Continues to Grow with New Retail, Office, and Hospitality appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyApr 19th, 2022

Chipotle (CMG) Rides on Digitization Efforts, Cost Woes Stay

Chipotle's (CMG) continues to expand its digital drive with Chipotlanes to boost growth. However, supply chain challenges and inflationary pressures are a concern. Shares of Chipotle Mexican Grill, Inc. CMG have gained 2.3% in the past three months against the industry’s 8.4% fall. The company benefits from its digital efforts, Chipotlane add-ons and marketing initiatives. This along with strength in digital sales, rise in menu prices, new restaurant openings and higher restaurant-level operating margins have been driving the company. However, higher expenses and coronavirus-induced soft traffic are a headwind.Let us discuss the factors highlighting why investors should retain the stock for the time being.Key CatalystsChipotle is leaving no stone unturned to make digital ordering more appealing to customers and highly efficient for restaurants. The company redesigned and simplified the online ordering site, enabled online payment for catering and collaborated with several well-known third-party providers for delivery. Since its Smarter Pickup Times technology rollout, there has been a significant increase in digital orders and guest satisfaction. During fourth-quarter 2021, digital sales increased 3.8% year over year to $811.3 million. The company witnessed a rise in order-ahead transactions, owing to enhanced guest access and convenience.Image Source: Zacks Investment ResearchChipotle is also gaining from the rollout of Chipotlanes. During fourth-quarter 2021, the company opened 78 new restaurants, out of which 67 had Chipotlane in them. The addition of Chipotlanes enhanced customer access and convenience and bolstered new store restaurant sales, margins and returns. It continues to expand its digital drive with Chipotlanes. As of December 2021, it had a total of 355 Chipotlanes.Backed by impressive unit economics and success of small-town locations, the company anticipates operating more than 7,000 restaurants over the long term in North America compared with the previous goal of 6,000 restaurants. CMG emphasized building a real estate pipeline with more than 80% of the restaurants having Chipotlane. The company anticipates an annual unit growth rate of 8-10%.Impressive comps performance continues to drive growth. Despite the coronavirus crisis, the company reported comps growth for the sixth straight quarter. During fourth-quarter 2021, comparable restaurant sales increased 15.2% year over year, following growth of 15.2% (in third-quarter 2021), 31.2% (in second-quarter 2021), 17.2% (first-quarter 2021) and 5.7% (fourth-quarter 2020). Consistent strength in digital sales, solid recovery of in-restaurant sales and positive customer reception to new menu items contributed to the company’s results. For first-quarter 2022, the company expects comps growth in the range of mid-to-high-single digits.Chipotle is focused on boosting sales to stay afloat in the competitive environment. The introduction of new items, solid marketing activities that include a combination of brand-building efforts as well as transaction-driving promotions and advertising are likely to lead to a steady inflow of new customers. Chipotle intends to emphasize on Tractor beverages, which is subject to the normalization of the pandemic scenario. increased focus on the stage-gate process, leveraging digital programs to expand access and convenience, frequent customer interaction through its loyalty program, menu innovation and operational excellence are likely to benefit the company. These factors will help customers to resonate more with the company.ConcernsChipotle has been continuously incurring increased expenses, which have been detrimental to margins. Like other industry players, the company has been facing significant supply chain challenges and inflation across most commodities and categories. During fourth-quarter 2021, food, beverage and packaging costs, as a percentage of revenues, increased 60 basis points (bps) year over year to 31.6%. The upside was primarily driven by a rise in beef, freight and avocado costs.Pandemic-induced restrictions and labor challenges had taken an enormous toll on the company. Although most dining services are open, traffic is still low compared with pre-pandemic levels. Going forward, the company intends to monitor the situation on a regular basis to gauge the impacts of COVID-19.Zacks Rank & Key PicksChipotle currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some better-ranked stocks in the same space include BBQ Holdings, Inc. BBQ, Dave & Buster's Entertainment, Inc. PLAY and Arcos Dorados Holdings Inc. ARCO.BBQ Holdings sports a Zacks Rank #1. BBQ Holdings has a long-term earnings growth of 14%. Shares of the company have gained 41.5% in the past year.The Zacks Consensus Estimate for BBQ Holdings’ 2022 sales and earnings per share (EPS) suggests growth of 40.9% and 66.2%, respectively, from the year-ago period’s levels.Dave & Buster's sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 212%, on average. Shares of the company have declined 4.8% in the past year.The Zacks Consensus Estimate for Dave & Buster's current year sales and EPS suggests growth of 24.4% and 49.3%, respectively, from the year-ago period’s levels.Arcos Dorados carries a Zacks Rank #2 (Buy). Arcos Dorados has a long-term earnings growth of 31.3%. Shares of the company have risen 54.7% in the past year.The Zacks Consensus Estimate for Arcos Dorados’ 2022 sales and EPS suggests growth of 10.3% and 62.5%, respectively, from the year-ago period’s levels. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO): Free Stock Analysis Report Dave & Buster's Entertainment, Inc. (PLAY): Free Stock Analysis Report BBQ Holdings, Inc. (BBQ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksApr 13th, 2022

The Praedium Group Acquires The Reid in Atlanta, GA MSA

The Praedium Group (Praedium), a national real estate investment firm, announced the acquisition of The Reid, a 242-unit suburban multifamily property located in Tucker, GA, part of the greater Atlanta MSA. Peter Calatozzo, Principal at Praedium, announced the transaction. Following the purchase of The Sound at Pennington Bend in Nashville,... The post The Praedium Group Acquires The Reid in Atlanta, GA MSA appeared first on Real Estate Weekly. The Praedium Group (Praedium), a national real estate investment firm, announced the acquisition of The Reid, a 242-unit suburban multifamily property located in Tucker, GA, part of the greater Atlanta MSA. Peter Calatozzo, Principal at Praedium, announced the transaction. Following the purchase of The Sound at Pennington Bend in Nashville, TN, Winter Park 2 in the Orlando, FL MSA, and Atlas Crown in the Dallas-Fort Worth, TX MSA this represents Praedium’s fourth acquisition since December 2021. Praedium’s investment strategy targets rental housing in suburban markets with above average job and population growth. Completed in 2021, The Reid consists of three four- and five-story elevatored residential buildings with extensive lifestyle amenities. This property is well-located in northeast Atlanta, adjacent to I-285, one of the metro’s main thoroughfares. The property boasts unique features compared to other multifamily communities in the submarket including enclosed, air-conditioned corridors and a two-story, 24-hour fitness center. The units feature two interior color schemes, modern gourmet kitchens with stainless steel appliances, polished granite countertops with mosaic tile backsplash, wood-style plank flooring in living rooms and kitchens, full-sized washers and dryers, programmable thermostats, and private patios or balconies. Community amenities at The Reid include a resort-style pool with poolside cabanas, outdoor firepits, outdoor kitchen with grilling stations, modern clubhouse and leasing office, social lounge with kitchen and arcade games, co-working lounge, dog wash and grooming area, Amazon Hub package lockers, and electric car charging stations. “We believe the Reid’s proximity to several major employment centers, access to walkable retail and lifestyle attractions, and its state-of-the-art amenity set make this an attractive investment for Praedium,” said Mr. Calatozzo. “Dekalb County, where The Reid is located, continues to benefit from the population growth being seen throughout the Atlanta MSA. We believe in-migration to the MSA will continue as a result of the business-friendly environment which has attracted several corporate relocations and expansions, and several major employers have recently announced job expansion plans over the next five years, including NCR Software (5,000 jobs), Anthem Healthcare (4,800 jobs) and Amazon (1,000 jobs).” The Reid is walkable to many retail and restaurant offerings, including a retail power center directly across the street featuring a Sprout’s Farmer’s Market, Dick’s Sporting Goods, DSW Designer Warehouse, Ross Dress for Less, Hobby Lobby, Einstein Bros Bagels, Jimmy John’s, IHOP and Waffle House. The property’s Northeast Atlanta location provides access to the city’s major employment hubs as well as a concentration of nearby educational institutions, including Emory University and Mercer University. Emory University, a private research university with enrollment of 15,000 students and an $8 billion endowment, employs more than 35,000 workers at the University and across its healthcare system. The Reid is also 15 minutes from a major cluster of hospitals and doctors’ offices in northern metro Atlanta near the Perimeter Center. The area is the largest healthcare hub in Atlanta with three hospitals, hundreds of physician practices and multiple outpatient centers. In total, there are 4.2 million square feet of medical space and more than 1,300 hospital beds. The two largest hospitals are the Northside Hospital and the Emory Saint Joseph’s Hospital. “The Reid’s location in Northeast Atlanta just off I-285 is favorable for our tenants as it provides direct access to employment hubs,” said Josh Kogel, Vice President at Praedium. “Tenants can easily access well-paying employment opportunities in Perimeter Center, Cumberland, Midtown Atlanta, Downtown Atlanta, and Buckhead all within 30 minutes, allowing residents to capitalize on growth throughout the Atlanta MSA.” Additionally, the Tucker submarket offers future growth and redevelopment as the city and property are expected to benefit from two major proposed redevelopment projects both located within one mile of The Reid including the Northlake Mall Redevelopment and a proposed multi-use redevelopment plan for the Northlake Festival Center shopping center into the Tower Park and Convention Center Development, adjacent to the Northlake Mall. The post The Praedium Group Acquires The Reid in Atlanta, GA MSA appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyApr 4th, 2022

The Goldstein Group Places 12 Retailers and Restaurants in Paramus New Jersey

The Goldstein Group, a leading provider of retail real estate services in New Jersey, announced the placing of 12 retailers and restaurants in lease transactions in Paramus within the last 18 months accordingly to Chuck Lanyard, President of The Goldstein Group. The majority of these transactions occurred even during the... The post The Goldstein Group Places 12 Retailers and Restaurants in Paramus New Jersey appeared first on Real Estate Weekly. The Goldstein Group, a leading provider of retail real estate services in New Jersey, announced the placing of 12 retailers and restaurants in lease transactions in Paramus within the last 18 months accordingly to Chuck Lanyard, President of The Goldstein Group. The majority of these transactions occurred even during the height of the Covid 19 pandemic.As we continue to, hopefully, put the pandemic behind us, the leasing team of Chuck Lanyard and Marc Palestina, Director, were very active in placing tenants in Paramus. “We have seen brisk leasing activity in Paramus the past 18 months, since Paramus continues to be one of the best retail markets in the country” stated Chuck Lanyard. Prime spaces are being leased up rather quickly by retail tenants, looking to be part of the retail comeback.  In a new Paramus shopping center at 393 Route 17 South, built this past year, which was home to a Hooters Restaurant and a hotel, six tenants either opened or are about to open in the next few months. The Landlord in each of these transactions was the Carlson Family Foundation.  Nothing Bundt Cakes, with over 250 stores nationwide, leased 2,000 square feet and the tenant was represented by Mark Stanislawski of Retail Strategy.Juicy Platters, a Mediterranean restaurant with 4 locations, leased 2,000 square feet and the tenant was represented by Joe Brendel & Dean Tselepis of the Newmark Group.& Pizza, a new fast service pizza shop with over 40 locations, took 2,000 square feet and was represented by Joe Brendel & Dean Tselepis of the Newmark Group.Gregory’s Coffee, a gourmet coffee and light food shop that has over 50 Locations, leased 2,000 square feet with a drive thru and was represented by Dina Santorelli of Sabre Real Estate.Strand Salon Studios, a full-service hair salon, leased 8,000 square feet. This is their second Paramus location. Bijou Bridal, a longtime Paramus based full service bridal shop, relocated into a 7,000 square foot showroom. Other Paramus transactions included three tenants moving into the newly constructed mixed used development at 58 East Midland Ave which is owned by 5058 Midland, LLC.   Chuck Lanyard and Marc Palestina leased the three retail spaces below the residential section to the following tenants. Durante Physical Therapy – leased 2,100 square feet.Ella’s Café – leased 1,900 square feet. Lennon Brooks Hair Salon – leased 2,700 square feet. Lanyard and Palestina also were successful in handling the following transactions in Paramus. Strand Salon Studios leased 4,300 square feet of space at 231 Route 4 West, joining Citibank, Cabinets Direct, and T Mobile.  Lanyard and Palestina represented both the landlord, NTH 231W, LLC and tenant.Dogtas Furniture USA Inc, an international furniture company, leased 6,000 square feet of space at 385 Route 17 South.  Lanyard and Palestina represented both the landlord, Carlson Family Foundation Inc. and the tenant.Krispy Kreme leased the former McDonalds space of 4,000 square feet at 247 Route 4 West.  David Towns and Alana Freidman of Cushman & Wakefield represented the tenant.  Lanyard and Palestina represented the landlord, NTH 241 W, LLC.    “We are pleased to see the activity for retail sales and leasing in New Jersey coming back so strongly, especially in Paramus,” said Lanyard. The post The Goldstein Group Places 12 Retailers and Restaurants in Paramus New Jersey appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMar 14th, 2022