New York, NY According to Stonehenge NYC, Bareburger will expand and open a new location in the retail portion of the residential building, Stonehenge Gardens, at 103 West 14th St. Bareburger, a popular restaurant known for its organic and all-natural burgers currently has 12 locations in New York City and 32 locations internationally. Their newest restaurant will be 3,120 s/f and is scheduled to open in May.
Bareburger executive, Michael Pitsinos, was in charge of the lease negotiations along with Mihran Shlougian of Mihran Shlougia Real Estate LLC. Ariel Schuster, Joe Ponti and Ross Berkowitz of RKF represented the landlord.
“We are very excited to welcome Bareburger to Stonehenge Gardens,” said Ofer Yardeni, CEO and chairman of Stonehenge NYC. “Their presence will bring a lot of value to an already strong retail neighborhood and we look forward to working with Bareburger in the coming months and years.”
Bareburger was founded in 2009 in Astoria. In addition to opening up at 103 West 14th St., they are scheduled to open locations in Dubai, Frankfurt, Chicago, Miami and will soon be opening a second location in Tokyo.
Located two blocks from Union Sq., Bareburger joins a growing collection of retailers in the area including BFX, Urban Outfitters, Starbucks, Bank of America and FIKA. Bareburger’s new restaurant – conveniently located on 14th St. and 6th Ave. – will expand the Union Sq. retail market and provide a casual dining option for the neighborhood. 103 West 14th St. boasts high customer traffic and offers immediate access to the PATH, F, M, L, 1, 2 and 3 trains.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.