News:
Brokerage
Posted: June 23, 2008
Benderson to build retail dev. that includes a 15,000 s/f Rite Aid
The Benderson Development Co. has started work on its first area project that will see a Rite Aid Pharmacy anchor a new retail development proposed for Rte. 5 in eastern Erie County.
According to Benderson officials, a 15,000 s/f Rite Aid will be the anchor tenant for the new plaza. The store will replace an older Rite Aid in the Pixley's Plaza off of Rte. 93.
"This is really a tenant-driven development," said Eric Recoon, Benderson vice president.
Besides the Rite Aid, the plaza will include about 10,000 s/f of fill-in retail.
Benderson is working with town officials on the project. Construction won't begin until all the local permits and approvals have been obtained.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Columns and Thought Leadership
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,
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
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
