News: Brokerage

Botsaris of Colliers leases 7,200 s/f to Sola Salon Studios in Flatiron District

Manhattan, NY Sola Salon Studios has completed a lease for a new location at 50 West 17th St. in the Flatiron District. The company will occupy 7,200 s/f on the fifth floor.

Sola Salon Studios supports entrepreneurs in the beauty service industry, providing 20 to 40 high-end, fully-equipped, move-in-ready one- and two-chair private salon studios alongside the support and tools needed to run an independent boutique salon business. This will be the second Sola Salon Studios location in the city.

“We’re thrilled to launch a beautiful fifth floor space in Flatiron this spring to complement our existing Midtown East location,” said Karl Baumert, owner of Sola Salon Studios Manhattan. “At this newest location, we intend to offer both our traditional 24/7-365 space as well as more flexible membership options to support the independent businesses of local beauty professionals.”

The tenant was represented by Tommy Botsaris of Colliers. The landlord, Argo Real Estate, was represented by Christopher Okada and Thomas Capuano of Okada & Company. Ian Lester, Esq. of Lester Shaw & Levy LLP was legal representation for Sola Salon Studios, while the landlord was represented by in-house counsel.

Sola Salon Studios Flatiron is expected to open spring 2024.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.