News: Brokerage

3tarchitects designs 185,000 s/f Dena Marie Plaza with Kohl's and Planet Fitness as the co-anchors

3tarchitects has recently unveiled the vision for the redevelopment of Dena Marie Plaza, an 185,000 s/f plaza. Construction on the project is imminent and is scheduled to continue for the next several months. "I'm pleased that 3t has been selected to work on this high profile project in Ulster County," 3t principal and founder, Scott Townsend said. "The revitalization of Dena Marie Plaza will have a positive impact on the town and the local economy, creating a center that brings new retail to the area." NYC based Kaplan Realty Group is the developer of the project. "We are very pleased to move forward on Dena Marie Plaza, and have worked closely with local officials to advance this important redevelopment," said David Kaplan, president of the Kaplan Realty. "This project continues to attract high quality national tenants." Planet Fitness will serve as a co-anchor tenant in the plaza along side a 95,000 s/f Kohl's. A variety of other retail stores will complement the project. Planet Fitness will be built adjacent to Kohl's in a currently obsolete space that was last occupied by K-Mart. That space will be partially torn down from 78,000 s/f to 24,000 s/f to accommodate the redesigned fitness center. An additional 60,000 s/f will be constructed for other retailers. Among the retailers that have already signed onto occupy that space are Joyce Leslie, Cotton Market, as well as several nationally recognized retailers. Chazen Companies is serving as the site and structural engineer and Rochester-based Energy Concepts is serving as the mechanical, electrical, plumbing and fire protection engineering. BCI construction has been selected as the general contractor for the entire project.
MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced