David Yurman will soon cut a new facet downtown.
The renowned jewelry designer has just leased his first Soho store.
The new 4,200-square-foot space at 112 Prince St. had an asking rent of $1,200 per square foot based on the 2,750-square-foot ground floor. The shop also has a lower level of 1,450 square feet.
Keith Fencl of the McDevitt Company represented the jeweler.
The building owners, Bobby Cayre’s Aurora Capital Associates and the Adjmi family, were represented by Jared Epstein, Aurora’s veep.
The group bought the retail co-op earlier this year for $41.7 million — a record $15,175 per square foot — and landed the tenant in just four months.
The current tenant, fashion designer Karen Millen, will move out at the end of May.
The jewelry company is led by sculptor David Yurman, his painter wife, Sybil, and their son, Evan. The couple launched the company in 1980.
We just learned Harry Macklowe has signed a $100 million contract to buy the 89,480-square-foot site at 985-89 Third Ave. on the corner of East 59th Street.
This comes to $1,118 per square foot for the retail/condo development site.
Massey Knakal repped Emmes and SL Green Realty in marketing the 65-foot-by-105-foot parcel, including air rights from adjoining buildings. The firms declined comment.
Atlas Capital Group and Rockpoint Group have long-term leased an old garage building at 430 W. 15th St. in the Meatpacking District, across from Chelsea Market and down the block from the High Line.
They are redeveloping the structure into a modern office building with glass elements and additions.
The 99,558-square-foot, eight-story garage was marketed by Brian Ezratty of Eastern Consolidated.
The structure is being reimagined by removing a slab from every other floor. This will give the second through fourth floors 18- to 20-foot ceilings and exposed brick interiors, while maintaining the character of the existing Carriage House.
Four new floors with floor-to-ceiling glass will then be developed as contemporary office penthouses with numerous sprawling terraces and an expansive roof deck.
Paul Amrich, Neil King, Ross Zimbalist and Steve Siegel of CBRE will lease the offices with asking rents from $90 to $110 per square foot.
The 16,275 square feet of retail with 88 feet of frontage will be handled by the RKF team of Robert K. Futterman, Jaclyn Totolo and Benjamin Zack. The ground floor will have 9,290 square feet with another 6,985 feet on the lower level.
The Meatpacking District’s 430 W. 15th St. will get a new look and glass office penthouses. The Times Square South building at 1441 Broadway on the southwest corner of West 41st Street is going electric with 12,000 square feet of giant LED signage and an enormous 74,686 square feet of new, multi-level retail space that is visible from Penn Station to Times Square.
Melinda Miller, Kelly Gedinsky and CEO Jeff Winick of Winick Realty will handle the retail leasing for owner Leon Charney.
It appears the sale of the 1.5 million square feet of transferable air rights (TDRs) from the Farley Post Office/Moynihan Station project is on the right track — but could still be a long way off.
While a decision has not been made, sources say Cushman & Wakefield is likely to head the sale. But along with the Moynihan Station Development Corp., the brokers must devise a price — likely $400-plus per square foot — and a scheme to ID receiving sites able to buy the TDRs; so any plans for taller towers will need numerous approvals.
Brokerages interviewed included C&W, Newmark Grubb Knight Frank, JLL, Massey Knakal and City Center with Tenantwise.
Of all of them, City Center’s Robert Shapiro, the “King of Air,” has the most experience with TDRs and is the go-to guy for major developers.
But C&W is also selling the MTA’s headquarters, which has been stymied by the stalled Midtown East rezoning. That’s because any buyer needs the extra TDRs that were to be added through that plan. The MTA’s Long Island Rail Road comes into Penn Station and will be part of the Moynihan Station plan.
The firms and ESD declined comment.
