223 East 59th Street - New York, NYNew York, NY MWest Holdings, a privately-held real estate investment firm, has signed a long-term lease with Savoir Beds for 3,295 s/f of retail at 223 East 59th St. The new lease encompasses 1,665 s/f on the ground floor and 1,630 s/f in the mezzanine. This will be Savoir’s first company-owned store in New York, scheduled to open this fall.
Widely regarded as the world’s most luxurious sleeping system, the London-based company has served luminaries as diverse as Sir Winston Churchill, Giacomo Puccini and Marilyn Monroe for more than 100 years. First created for The Savoy Hotel in London in 1905, their tailor-made beds can be made to any size or shape, stand alone or sport a bespoke headboard, be upholstered or made to fit into an existing frame.
Savoir Beds, which has an additional location in SoHo, is expected to open their Midtown store by early winter. With 25 ft. of all-glass frontage, the brand is poised to attract customers from the Decoration & Design Building across the street and nearby Bloomingdale’s.
“Savoir Beds is one of the most recognizable and respected luxury bed makers in the world,” said Peter Simel, a managing director with Colliers International, who along with tri-state vice chairman James Emden, and associate Timothy Pond arranged the lease on behalf of the tenant. “They are a wonderful, international brand opening their first company-owned store in New York City, in a well-located MWest building in a prime neighborhood.”
Winick Realty Group president Steven Baker, Charles Rapuano and Jeremy Wintner represented the landlord MWest Holdings LLC. Savoir Beds is the latest in a string of high-profile, tenants to lease space in the area, joining The Rug Company and The Shade Store on the block. With this new lease, Rapuano noted that he is seeing more interest from landlords looking to upgrade their tenancy as leases come to term.
“Brands like Savoir Beds are ushering in a sea change in the neighborhood,” said Rapuano. “MWest Holdings believes they will be a great addition to the neighborhood and has no doubt that they will be successful in the space for a long time.”
The four-story property at 223 East 59th St. is located between 2nd and 3rd Aves. in the Lenox Hill residential and shopping corridor. The building sits in close proximity to multiple transportation options, including the 6 subway line, multiple bus routes, and the FDR Dr.
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