News:
Brokerage
Posted: March 26, 2024
Dominque Ansel leases 2,000 s/f retail space at 64 University Place
Manhattan, NY Dominique Ansel signed a 15-year lease for the grade level retail space at 64 University Place, a new condominium being developed by Argo Real Estate and Bsafal, Inc. It will be the James Beard Award-winner’s first foray into Greenwich Village. The pastry chef is recognized for his Cronut pastry mashup, as well as the Cookie Shot and Cannelé de Bordeaux.
“Dominique Ansel is an excellent retail tenant for 64 University Place and a great addition to the neighborhood,” said Mark Moskowitz, president and CEO of Argo Real Estate. “The brand has both a brick-and-mortar following and an extensive online delivery operation, so it has universal appeal.”
The 2,000 s/f bakery and cafe will anchor the KPF-designed development.
Ameesh Argawal, president, Bsafal said, “We are delighted that Dominique Ansel chose 64 University Place for its newest location. It is amazing to have a development project of this stature come together so quickly on so many levels, with enthusiastic buyers and now an acclaimed pastry chef!”
Representing the sponsors on the lease was Jason Wecker of Newmark.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Quick Hits
Columns and Thought Leadership
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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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
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,
