Spring is nearly here, and we’re beginning to see some interesting comebacks, including the luxury sector to Soho, some beloved restaurants and, yes, Pearl River Mart. It’s a time of rebirth as we continue to recover from a year of hibernation.
All About Apparel
The luxury corridor in Soho continues to grow. Valentino has signed an 8,718-square-foot lease at 135 Spring Street, spanning 4,424 square feet on the ground floor and 4,294 square feet on the lower level. Located between Burberry and Chanel, 135 Spring provides prominent flag signage, with 34 feet of frontage along Spring Street. According to Newmark, which represented landlord Invesco Real Estate in the transaction, more luxury brands are looking at the city, so stay tuned. Designer Sandy Liang has opened an eponymous luxury flagship at a former laundromat at 28 Orchard Street. 90-Degree by Reflex offers yoga apparel at the former Inokim electric scooter store at 156-164 Delancey Street.
Food, Glorious Food
Value grocer Aldi continues to expand in the U.S., planning to open approximately 100 new locations nationwide in 2021, with a focus on Arizona, California, Florida and the Northeast. With more than 2,000 stores across 37 states, Aldi is on track to become the third-largest grocery retailer by store count by the end of 2022, it said in an announcement. Brooklyn Fare will open a 21,600-square-foot upscale supermarket at 75 West End Avenue, in the Lincoln Square area, reports Commercial Observer. The store will debut at the former Western Beef location in the summer.
Prestige Organic Market will offer groceries in May at 5 Blue Slip. Nimbus, a woman-founded commercial kitchen, has opened at 196 Stanton Street. Owners Camilla Opperman and Samantha Slager have already signed a collaboration with Brooklyn’s Roberta’s Pizza, which will offer its first deliveries in Manhattan via DoorDash and Caviar. Billy’s Bakery has reopened at 75 Franklin Street.
Wining & Dining
National fast-food chains are securing good locations as retail rents continue to decline. Look for a new Popeyes at 14 East 23rd Street and Taco Bell at 1501 Broadway. Walker’s Restaurant has reopened at 16 North Moore Street. Ghost kitchen Chefscape has taken 7,500 square feet at 116 West Houston Street. Michelin-starred chef Samuel Clonts (of Uchu fame) will offer a tasting menu of American cuisine at the former Speedy Romeo pizzeria space at 63 Clinton Street. Chef Matthew Kenney will open a yet-to-be-named, plant-based restaurant in 7,900 square feet at the under-construction 1245 Broadway.
Talk about a sweet deal: on Valentine’s Day, Läderach–chocolatier suisse signed an asset purchase agreement allowing Läderach to assume the leases for 34 Godiva locations across the United States. Although the parties have agreed to not disclose any other conditions of the agreement, Läderach will announce the locations of the 34 stores to open by the end of summer. Founded in 1962, family-owned Läderach produces all of its chocolate from bean-to-bar and distributes exclusively through its own retail channels.
Home Sweet Home
Sundaram Tagore Gallery is relocating its Chelsea Gallery from its 20-year home at West 27th Street to 540 West 26th Street this spring. The art gallery also has locations on Madison Avenue and in Singapore.
To Your Health
Icebox Cryotherapy, the first retail cryotherapy studio in the U.S., has opened at the Plaza at Short Hills, at 800 Morris Turnpike in New Jersey. Spear Physical Therapy has signed a lease for 2,500 square feet at 71 North 7th Street in Williamsburg, Brooklyn.
Rachel Apfel Glass has opened a Glosslab nail salon at 180 West Broadway. The former hedge fund executive opened her first membership-based salon in Flatiron, followed by another in the West Village. Think there aren’t enough CVS stores in the city? Look for another at the Astor Building (217 Broadway). The two-level store comprises 6,850 square feet on the ground floor and 12,500 square feet of the historic building, built by John Jacob Astor as the Astor Hotel.
Beauty superstore Ulta Beauty just debuted a 12,000-square-foot store in Herald Square, its second location in Manhattan (the first, on the Upper East Side, opened in 2017).
It’s really returning. Pearl River Mart celebrated Lunar New Year with the announcement that it will come back to Soho, opening a store at 452 Broadway, not far from its last location at 395 Broadway.
Value home goods retailer Dollar Jackpot is opening its 12th store in the city at 81 Willoughby Street in Downtown Brooklyn sometime this month.
Debra Hazel Communications
New York, NY