Latest news with #StevenSoutendijk
New York Post
13-07-2025
- Business
- New York Post
Third Avenue retail scene on upswing
The retail scene on Third Avenue north of Bloomingdale's appears to be on the upswing, which spells good news for Upper East Siders and for the Manhattan store-leasing scene in general. Availability as high as 25.9% between 59th and 79th streets at the end of 2020 has gradually dipped to 8.4%, according to Cushman & Wakefield leasing powerhouse Steven Soutendijk. 'That is s very low, and almost all of that available space is around Bloomingdale's, like the Home Depot space,' he said. Asking rents range from $150 per square foot to $400, Soutendijk said, but the average ask is $246 per square feet. Advertisement Bloomingdale's at 1000 Third Ave. Google Maps Although the mile-long Third Avenue corridor enjoys none of the prestige of Madison Avenue, it's meaningful as a barometer of the economic health of one of Manhattan's most stable middle-class neighborhoods. 'Its consistency and strong demographic base continue to attract high-quality tenants,' said Meridian's James Famularo. Three years ago we noted that Third Avenue had lost many sportswear shops to 'wellness' tenants and even to walk-in pet clinics. Most are still there, and more are coming, but there's a renewed trend of leases to businesses that actually sell products. Advertisement The next major arrival, we're told will be Brandy Melville at 1172 Third Ave., between East 68th and 69th streets. The long-dark site was most recently home to CVS and a few pop-ups. Blinds to Go gobbled up half of the retail space at 1011 Third between East 60th and 61st streets. Whole Foods Daily Shop took over most of the space that was previously Food Emporium. Advertisement Workshoppe, a four-level fitness club, is coming to 1120 Third Ave. Steve Cuozzo A new outpost of popular Italian trattoria Felice is replacing a diner-cafe in Trump Plaza at East 64th Street. Some high-priced venues across from Bloomingdale's remain dark, such as the never-leased retail corner at the Harry Macklowe-developed 200 E. 59th St. and the former Ikea Studio at 999 Third Ave. But north of them, 'Small space in the high 60s and 70s gets leased very quickly and it is a very diverse mix of traditional apparel, groceries, restaurants and services,' Soutendijk said.
New York Post
01-06-2025
- Business
- New York Post
Amsterdam's buzzy fitness spot Rostudios coming to Greenwich Village NYC: ‘The ideal home'
The first US location of Amsterdam-based fitness concept Rostudios is coming to Savanna's 799 Broadway at East 11th Street. The lease for the 9,000 square-foot studio is for 10 years and it's expected to open in the second quarter of 2026. Facilities will include a spin studio and an area for Pilates classes. Rostudios founder Rogier Van Duyn called it 'the ideal home for our first US location' where it will be a 'sanctuary where the community can connect, recharge and thrive through movement.' Advertisement Rostudios is coming to 799 Broadway at East 11th Street. Google Maps The 12-story, mixed-use building opened in 2022 and quickly drew office tenants such as Wellington, Rithm, and Bain. The office portion is 79% leased and only one office floor remains available. Savanna bought the building late last year. Ground-floor retail asking rents are $200 per square foot. The Rostudios deal was brokered by Cushman & Wakefield's Steven Soutendijk and Patrick O'Rourke. Advertisement Fisher Brothers has leased more than 35,000 square feet of leases for its pre-built spaces at 299 Park Ave. before they're even finished. The tenants are One William Street Capital Management, P10 Intermediate Holdings; and Tailwind Management. The deals account for three of five prebuilts now in construction on the third and fourth floors of the 1.2 million square-foot tower, which is 98% leased. The largest tenants include UBS, Capital One and King Street Capital Management. Advertisement 299 Park Ave. Google Maps Landlord partner Winston Fisher said the prebuilt tenants will enjoy exclusive access to a private lounge and gym. He said the leases are 'yet another signal that lading tenants continue to prioritize well-located, trophy-asset space.' The building recently saw $20 million in capital improvements including a redesigned lobby and exterior facade.
