News: Shopping Centers

Consolo and Aquino of Pru. Douglas Elliman sign Ottomanelli Brothers

Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president, of Prudential Douglas Elliman's Retail Leasing and Sales Division, represented the landlord in bringing Zagat-rated restaurateur and fine meat purveyor Ottomanelli Brothers to 1325 Fifth Ave. Having owned and operated restaurants and fine meat shops in New York City for over 100 years, Ottomanelli's expansion into Harlem, to a location at the corner of 111th St., signals a gourmet renaissance within the historic community. "Ottomanelli's will open a restaurant with an outdoor café facing the park on Fifth Ave.," said Consolo. "It will be a brasserie but in the traditional style we have come to expect from this famous company." "Ottomanelli's, a highly respected name in the restaurant industry, is bringing a whole new dining dimension to Harlem. In the company's 100-year commitment to New York, this family business has transformed into a multifaceted empire," saidConsolo. "Residents of Harlem will immediately embrace Ottomanelli's not only for its quality, but also for the company's strong sense of tradition." "Ottomanelli's has established an international reputation as well, shipping its products to discerning gourmands around the word," said Aquino. "This business is ideal for Harlem, which is known for its international flavor." Consolo and Aquino have long heralded the retail resurgence within Harlem and established a strong presence in the neighborhood, through new offices and exclusive agencies. The duo, along with retail consultant Arthur Maglio, has represented many Harlem landlords in their expanded leasing needs. "What separates Harlem from other parts of the city is that this neighborhood boasts a large contingent of longtime residents, along with a new influx of owners, renters and visitors-since Harlem is known internationally, its residents hail from all parts of the world. Also, most of Harlem's buildings are low-rise, ensuring that the amount of sunlight that pours into the neighborhood is unmatched anywhere else," said Aquino. "And let's not forget the proximity of Central Park, which starts at 110th St." "We are seeing a distinct change in Harlem's retail landscape and are thrilled to be playing a large role in the area's transformation," said Consolo. "We are repositioning some of Harlem's most sought-after retail space, all of which has been restored to its original grandeur." Prudential Douglas Elliman's retail group specializes in providing comprehensive retail sales and leasing counsel to an array of tenants and landlords, both nationally and internationally.  With expertise in markets across the country, the group continually locates ideal retail spaces from coast to coast.  The retail team identifies and secures the best locations for prominent international retailer's U.S. operations, as well as represents some of the country's top landlords in finding high profile retailers for their spaces. The group's experienced team of professionals also provides strategic planning and consulting services. Within New York, the company's presence spans the boroughs, with satellite offices continuing to open in new neighborhoods. Prudential Douglas Elliman is a preeminent residential broker of sales, rental and retail properties with over 70 offices, more than 4,000 real estate agents and a network of national and international affiliates. Ranked in the national top 5 real estate brokerages and #2 in the Prudential Real Estate Affiliates Network, Prudential Douglas Elliman Real Estate is an independently owned and operated member of The Prudential Real Estate Affiliates, Inc. and an equal housing opportunity company.
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