The Real Estate Board of New York (REBNY) has announced the 11 Exemplary Retail Deals of 2021 that will compete for the annual Retail Deal of the Year Awards on September 15, 2022.
Two deals from the nominations will be recognized as either The Most Ingenious Retail Deal of the Year, which demonstrates exceptional broker acumen (ingenuity and creativity), or The Most Impactful Retail Deal of the Year, which represents the most significant retail deal of the year represents, the winner selected its general characteristics and its relevance to the New York retail market.
“The deals submitted are the most impressive transactions at a challenging time for the retail industry in New York City. We are delighted to be able to welcome our industry peers back in person to celebrate the ingenuity of our industry,” he said Fred Posniak, Co-Chair of the Retail Committee and Senior Vice President of Empire State Realty Trust.
“It is amazing to be able to secure the level of deals represented in these nominations at one of the most challenging times for retail real estate in our city. Picking just two winners is a difficult task and I’m proud that our industry peers are standing firm against the odds,” he said Steve Soutendijk, Co-Chair of the Retail Committee and Executive Managing Director at Cushman & Wakefield.
The winners will be announced by Mr. Posniak and Mr. Soutendijk at a personal ceremony and celebratory cocktail party on September 15th.
The following submissions will be considered for the 2021 competition:
- “World-Class Whole Foods Market on One Wall Street” – One Wall Street, New York, NY 10005. Submitting Agents: Chase Welles and Jacqueline Klinger of The Shopping Center Group; Peter Whitenack of Newmark Retail.
- “Community-focused learning center revitalizes entire city block (Dwight School)” – 705 Columbus Avenue, New York, NY 10025. Submitting brokers: Darrell Rubens and Ariel Schuster of Newmark Retail.
- “Against all odds: Lease of 83,000 square feet to Wegmans at 770 Broadway” – 770 Broadway, New York, NY 10003. Submitting brokers: Peter Ripka and Gene P. Spiegelman by RIPCO Real Estate LLC.
- “Once upon a time in Times Square: Planet Hollywood reinvents itself and moves to 140 West 42nd Street” – 140 West 42nd Street, New York, NY 10036. Submitting brokers: Jeffrey D. Roseman, Drew Weiss, and Marc Leber from Newmark.
- “All Ready-to-Print Retail News: Starbucks and Amazon Double Retail at NY Times Tower” – 620 Eighth Avenue, New York, NY 10018. Submitting Agents: David Firestein and Jenna Heidenberg of The Shopping Center Group.
- “A Transformation of the Flatiron District: From Underground Parking to Peaceful Tranquility.” – 7 West 21st Street (aka 6 West 22nd Street) New York, NY 10010. Submitting brokers: Lucas Kooyman and Jason Pruger from new mark
- “Revival of the Fittest: JLL finalizes deal for Chelsea Piers Fitness at One Madison Avenue” – 1 Madison Avenue, New York, NY 10010 (aka One Madison). Submitting Agents: Erin Grace and Matthew Ogel by JLL.
- “Pappas: Recreating Authentic Greek Culture in Downtown Manhattan” – 103-105 MacDougal Street, New York, NY 10012. Submitting broker: James Famularo of Meridian Capital Group.
- “Breathing New Life to Times Square: Brooklyn Chop House” – 253 West 47th Street, New York, NY 10036. Submitting broker: James Famularo of Meridian Capital Group.
- “House of Meatpacking: The Luxurious Rental of 45 Ninth Avenue” – 45 Ninth Avenue, New York, NY 10014 (also known as 400 West 14th Street). Submitting brokers: Brandon L. Singer and Michael Codi MONA Retail Holdings, LLC.
- “Timothy Oulton – A Long Road to the Perfect Flagship” – 901 Broadway, New York, NY 10003. Submitting brokers: Robin Abrams from Compass/Abrams Retail Strategies and Rebecca Olshan from Compass.
Tickets for REBNY’s 24thth Annual Price Cocktail Party Annual Retail Promotion can be purchased here. The event will take place on Thursday, September 15, 2022 at 6:00 p.m. at The Cutting Room (44 E 32nd St).
Last year’s winners of Most Ingenious Retail Deal of the Year were CBRE’s Eric Gelber and Jordan Kaplan and Rockefeller Group’s Gary Trock and Zach Parisi for “OPA” AVRA Land’s Mega Restaurant Deal at 1271 Avenue of the Americas.” At 17,000 Square feet, this transaction was the largest restaurant deal closed in New York City from the start of the pandemic to the close of the nominations. The high-impact retail deal of the year went to Matthew T. Leon of Newmark to execute a 30,000 square foot lease for CultureSpaces at the landmarked 49 Chambers Street to open the Hall des Lumières CULTURESPACES DIGITAL® arts center.
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