A cinema and fast-growing health club took center stage at the Real Estate Board of New York’s (REBNY) 21st Annual Retail Deal of the Year Awards cocktail party at Convene last week.
Recognized as the most meaningful transaction in its overall characteristics and importance to the New York City retail market, “Remember the Alamo: How a Movie Theater Lease Unlocked 200,000 SF of Retail Space Downtown at 28 Liberty” at Fosun’s 28 Liberty Street was honored as “The Most Significant Retail Deal of the Year.” Alamo Drafthouse Cinema signed a 40,000 square-foot lease to open a 12-screen multiplex late this year.
The deal was transacted by Ross Kaplan and Jeffrey D. Roseman of Newmark Knight Frank. This is Roseman’s fifth time winning a REBNY Retail Deal of the Year Award and Kaplan’s first.
Demonstrating exceptional ingenuity and creativity, “The Most Ingenious Retail Deal of the Year” was awarded to: “Deal of a Life Time: One Wall Street” at 1 Wall Street. Life Time Fitness signed a 74,000 square-foot lease at Macklowe Properties’ 1 Wall Street. This will be the luxury athletic center’s second Manhattan location, and will span four floors of the building.
Newmark RKF’s Peter Whitenack, Jackie Totolo, and Scott Zinovoy represented Macklowe Properties in the transaction. The Dartmouth Company’s Joe Mastromonaco and Fritz Kemerling represented Life Time Fitness.
“The work of this year’s Retail Deal of the Year award winners demonstrates the importance of innovative brick-and-mortar spaces in our constantly evolving retail market,” said REBNY president John H. Banks. “The award winners have demonstrated effective navigation of opportunities in the retail sector while positively contributing to the life and growth of New York businesses.”