Galo of RTL signs Astra Hospitality to 2,407 s/f at 41-05 29th St.
Queens, NY Thomas Galo of RTL represented the landlord in a retail lease at 41-05 29th St. in Long Island City, securing Astra Hospitality for the building’s ground-floor retail space.
Astra Hospitality signed a 10-year lease for 2,407 s/f at the base of the property’s 86-unit luxury condominium tower in the Queens Plaza North neighborhood. The asking rent for the space was $85 per s/f. Galo represented the landlord, Hazelton Capital Group & SB Development, in the transaction. Victor Terzi of Isaacs & Company represented the tenant.
Astra Hospitality is a new hospitality group led by an experienced restaurateur behind several Manhattan and Brooklyn concepts, including Red Sorghum, Blue Willow, Ye’s Apothecary and Bar Baserri. The Long Island City location will debut as a café and wine bar concept.
The property is located in a retail corridor of Long Island City, with nearby tenants including Finback Brewery, FER, Planet Fitness and Pueblo Querido Coffee Roasters.