News: Brokerage

Bergman of Muss Development signs Mediterranean restaurant at 7000 Austin St.

Queens, NY Muss Development LLC has completed a long-term restaurant lease at its 7000 Austin St. property in Forest Hills. The Mediterranean restaurant, scheduled to open by year’s end, will occupy the 8,631 s/f first floor. The space was most recently occupied by TGI Fridays.

The new restaurant is owned by a group which operates several other restaurants across Queens, Manhattan, and Staten Island.  

“Well located neighborhood retail continues to thrive in Queens, Brooklyn and Staten Island,” said Jason Muss, president of Muss Development. “We are pleased to welcome this high-end Mediterranean restaurant to 7000 Austin St. and to Forest Hills. We believe it will be a great fit with our other tenants, the shopping corridor and the entire neighborhood.”

Bill Bergman of Muss Development represented ownership in-house on the transaction. Nicholas Kalomeris and Peter Botsaris, of Botsaris Morris Realty Group, represented the tenant

Located between 69th Rd. and 70th Ave., 7000 Austin St. is a two-story, 78,938 s/f office and retail mixed-use property with 400 rooftop parking spaces. It is also the largest retail facility on an established destination and shopping corridor in the community of Forest Hills.

One block from Queens Blvd., 7000 Austin St. is a walk to the E, F, M and R subways and the LIRR and express buses. Additional tenants at 7000 Austin St. include Target, Starbucks, Men’s Wearhouse, Summit Health, and Health Acquisition Corp. Notable other tenants on Austin St. include Gap, Ann Taylor Loft, Sweetgreen, Chipotle, Shake Shack, Banana Republic, and Tacombi, among others.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,