News: Brokerage

HAP sells 12,000 s/f retail space to Super Fi; Arranged by Douglas Elliman’s Consolo, Aquino and Maglio

2211 Third Ave. - New York, NY 2211 Third Ave. - New York, NY

New York, NY According to HAP Investments, Super Fi Emporium supermarket has purchased 12,000 s/f of retail space in HAP’s residential building at 2211 Third Ave. The sales price was not disclosed.

“We are excited to welcome Super Fi Emporium to the building, to occupy the retail space on the ground level. We know they will make an excellent contribution to the neighborhood and to the building’s tenants, and we look forward to our retail partnership with them,” said Eran Polack, CEO of HAP Investments.

2211 Third Ave. will be a 120,000 s/f rental project, comprised of 78,000 s/f of residential space, 12,000 s/f of commercial space, 5,000 s/f of parking, and 700 s/f of community facility space.

“Super Fi Emporium is proud to bring its new supermarket to 2211 Third Ave. in East Harlem. Our focus at Super Fi Emporium is to create an atmosphere where customers always feel welcomed and appreciated, while offering a wide variety of products and services. We are excited to be working with HAP Investments in this store opening, and believe HAP’s new development in East Harlem will help us achieve our objective of keeping our customers happy and satisfied,” said Anthony Reynoso, Super Fi Emporium.

HAP Investments and Super Fi Emporium were both represented by Faith Consolo, Joseph Aquino and Arthur Maglio of the Consolo team at Douglas Elliman in this sale.

“We are pleased to have been the retail sales agent for HAP Investment’s 2211 Third Ave. development. We know the development will be a great contribution to the neighborhood, both in housing and retail services, and we look forward to working with HAP again in future developments,” said Consolo, chairman of the Douglas Elliman retail leasing and sales division.

2211 Third Ave. is applying for the Food Retail Expansion to Support Health (FRESH) program, and has submitted a Pre-Application Statement to Department of City Planning.

After approval from city planning, HAP will seek approval from the Department of Buildings. Also, the East Harlem development will serve as an 80/20 residence, offering affordable housing for at least 20 percent of the buildings units.                                                   

HAP Investments has been very active in Upper Manhattan and the East Harlem areas with properties including: 419 East 117th St., 247-249 East 117th St., 2338 2nd Ave., 329 Pleasant Ave., and 1655 Madison Ave. In addition, the company purchased a major development site at 215-219 West 28th St. in New York City’s Chelsea neighborhood. Most recently, HAP is in contract to purchase a development site at Journal Square in Jersey City, New Jersey, to be known as “HAP Tower.”

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