Still No Takers for One Hanson's Retail Space
After a two-year hunt for a retail tenant, the opulent One Hanson lobby is still unoccupied, a situation that recently prompted the tower’s owners to switch brokers, according to an article in this morning’s Observer. The self-proclaimed “Queen of Retail,” Elliman’s colorful Faith Hope Consolo, has replaced Jeffrey Roseman, a Newmark Knight Frank broker. The…
After a two-year hunt for a retail tenant, the opulent One Hanson lobby is still unoccupied, a situation that recently prompted the tower’s owners to switch brokers, according to an article in this morning’s Observer. The self-proclaimed “Queen of Retail,” Elliman’s colorful Faith Hope Consolo, has replaced Jeffrey Roseman, a Newmark Knight Frank broker. The Williamsburgh Savings Bank lobby totals 33,000 square feet and is landmarked inside and out, posing branding/structural challenges for would-be tenants (a deal with Borders, for example, feel through). I visualize a big specialty store, says. Consolo. It also could be a very important catering group. … It could also be another great restaurant. Roseman says that while he was the broker for the space, One Hanson’s owners were looking for around $3 million a year in rent.
One Hanson Place Switches Broker [NY Observer]
Photo by Ando228.
considering the two years of income lost the value they were originally projecting is already much lower. It amazes me how the owners do not see that waiting to fetch their high price cost them more in the long run.
How about a dentist office?
how about a chelsea market type set up with different food shops and vendors…
12:37: This space is for sale separately from the apartments, so there is no income from it in the offering plan at all. (It pays common charges, but there’s no rent from it.) It’s not like a co-op where the retail rental subsidizes the residents.
would have made a great hotel lobby – too bad they didn’t turn it into a hotel above
If the previous guy was such a great broker, he would know the price was too high and not sit on it. Sounds like a white elephant.
seems like a fitting space for a bank. probably will end up being a chase branch.
Question: How much does the income from that space was projected in the offering plan? I would be very concerned if I bought there. Most developers really low-balloperating cots in the pospectus. Some of these new condos are going to see their low maintenence go up 2X or 3X very quickly.
You know what would be perfect………..a Bank