News: Long Island

Consolo and Aquino of Douglas Elliman chosen to market 716 Glen Cove Avenue

The national leasing and sales team of Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president of Douglas Elliman's Retail Group has been awarded the exclusive agency to sell a free-standing building with abundant parking for a pristine space with fully-fixture restaurant equipment and outdoor seating for 30 customers at 716 Glen Cove Ave. Located between Chestnut and Walnut Aves. on the North Shore, also referred to as the Gold Coast of Long Island, it is in the heart of one of the county's most affluent areas. Formerly Bernard's Market & Café, the space is fully built-out with 5,800 s/f at grade level, 2,000 s/f at basement level and more than 150 linear ft. of frontage facing Glen Cove Ave. "This is one of those coveted opportunities for an accomplished gourmet market operator or restaurateur to build a brand in an enclave known for its well-heeled residents," said Consolo. "You could easily see a Citarella Market, Vinegar Factory or even a mini Eataly thriving here. A totally new use for the space could be an urgent care walk-in clinic, which appears to be missing from this area, but does well throughout the Greater New York marketplace." Aquino said, "What makes this location especially outstanding is both its proximity to Northern Blvd.'s restaurant row and its exclusiveness by still being a few miles away. The property's setting has more of a Hampton Beach cachet. In addition, it is on a neighborhood shopping corridor with its own parking, rather than directly on a busy commuter thoroughfare, so it's ideal for family-style restaurants and general retail." Nearby businesses include Graces Marketplace and the Shops at Wheatley Plaza, which include London Jewelers, Brooks Brothers, Vince Camuto and Banana Republic.
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Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.