News: Brokerage

Smith of Winick Realty leases 9,800 s/f restaurant; Mok in-house reps landlord, Eretz Group

American bar and bistro District Tap House signed a lease for its second location at 252 West 37th St. between Seventh and Eighth Aves. The restaurant, which offers 50 beers on tap, as well as full lunch and dinner menus, will occupy 9,800 s/f comprised of two former fabric stores that had been combined to create one wide store with more than 30 ft. of frontage. Set to open by October 1st, the restaurant will occupy space on the ground floor, mezzanine and basement. Winick Realty Group's Richard Smith represented District Tap House, which currently operates one block away at 246 W 38th St. According to Smith, the area is changing so much that there is enough demand to support two different locations. "There have been a slew of hotels going up in the area, as well as residential towers and new offices so that rather than being a garment center, today the neighborhood is populated with architects, lawyers and other professionals who need places to go and entertain after work," said Smith. "There is a big need for bistros of this type." Landlord Eretz Group was represented in-house by Nicholas Mok.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,