News: Brokerage

Winick Realty Group markets big-box retail opportunity in Long Island City on behalf of Alma Realty

According to Winick Realty Group president Steven Baker, a game-changing retail opportunity is available in the Queens Plaza North section of Long Island City. Baker, along with Winick Realty Group brokers Aaron Fishbein and Jeremy Schwartz, is exclusively marketing up to 150,000 s/f of retail at 30-30 Northern Blvd. on behalf of Alma Realty Corp. The new building, which will begin construction in this year, includes three floors of retail below 200,000 s/f of office space and it will connect to the neighborhood's iconic Apple Building, which includes an additional 230,000 s/f of office space. Combined, the two buildings will house approximately 3,000 employees and an anticipated 1,000 people in additional ancillary foot traffic thanks to the buildings' proximity to the bustling Queens Plaza and its abundant transportation options and the Ed Koch Queensboro Bridge. "This is a perfect opportunity for a big box retailer to make their presence known in Long Island City," said Baker, who has developed an intimate knowledge of the neighborhood in recent years through the successful leasing of Long Island City's waterfront retail on behalf of TF Cornerstone. "We are pleased to be part of this incredible project that will help reshape the Long Island City retail landscape as we know it." "Long Island City has everything from three million s/f of class A office in the immediate area to 10,000 high rise luxury residential units and now the largest hotel brands in the world, including the Hilton, Marriot and Crowne Plaza," said Fishbein. "Long Island City needs real retail to service the many growing elements of the neighborhood, and we are bringing the necessary amenities." Baker, Fishbein and Schwartz are seeking tenants of all use groups, including restaurants and lounges that could make use of multiple available rooftop spaces. Big-box tenants are strongly encouraged to embrace this once-in-a-lifetime opportunity, which will also include two levels of underground parking with valet services. "Long Island City is an incredibly dynamic neighborhood," said Alma Realty owner Steve Valiotis. "Together with Winick Realty Group, Alma Realty embraces the opportunity to create a synergy of development in the neighborhood and bring this groundbreaking big-box retail opportunity to market, further complementing the new residential and office uses in the immediate vicinity."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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.