NEW YORK CITY — KZA Realty Group has negotiated a 1,730-square-foot medical office lease for Compassionate Medical Practice in The Bronx. Located at 1776 Boston Road, the space is on the ground floor of the eight-story, 72-unit High Hawk apartment building, which features a total of 6,800 square feet of retail space. The lease term is 10 years. The property is located within walking distance of Crotona Park and offers convenient access to interstates 95 and 278.
NEW YORK CITY — Extell Development Co., a New York-based developer, has partnered with delivery service startup Avo to offer product delivery services as an amenity at One Manhattan Square, Extell’s 815-unit residential building in Lower Manhattan. Avo will provide residents with free, same-day delivery of a range of products including groceries, electronics, household goods and personal care items from its own online store. The service will require no minimum order size and will be facilitated through “Experience by Extell,” the developer’s in-house lifestyle management platform. Avo entered the New York market last year, primarily servicing office buildings, but has accelerated its residential partnerships during the COVID-19 outbreak.
NEW YORK CITY — Restaurants and retailers on Long Island have been cleared to resume operations with some social distancing restrictions, according to a statement from New York Gov. Andrew Cuomo that was issued on Tuesday, June 9. Suffolk and Nassau counties, which comprise Long Island, have met necessary requirements in terms of reduced COVID-19 case counts and hospitalizations to enter Phase II of the state’s reopening plan. This phase allows outdoor restaurant dining, in-store retail, office work, real estate services and personal services including barbershops and hair salons. Long Island is the final region in the state to enter Phase II excluding New York City, which entered Phase I on Monday, June 8. As of June 9, the Centers for Disease Control and Prevention reported more than 380,000 cases of COVID-19 in the state of New York and more than 30,000 deaths.
NEW YORK CITY — Colliers International has negotiated a 12,724-square-foot office lease for independent life insurance brokerage firm Winged Keel Group in Midtown Manhattan. The space is located on the 44th floor of One Grand Central Place, a 52-story, 1.2 million-square-foot office building at 122 East 42nd St. Other tenants include JPMorgan Chase, First Republic Bank and Charles Schwab. Reid Longley and Robert Kennedy of Colliers International represented Winged Keel Group in the lease negotiations. Julie Christiano and Leslie Nadel represented the landlord, Empire State Realty Trust Inc., on an internal basis along with William Cohen, Scott Klau, Erik Harris and Neil Rubin of Newmark Knight Frank.
NEW YORK CITY — New York City has entered Phase I of its economic reopening plan, according to a statement from New York Gov. Andrew Cuomo. Businesses that may now resume operations under strict social distancing and sanitation guidelines include construction — building equipment, finishing and foundation contractors, highway construction, land subdivision, nonresidential building construction and utility system construction — as well as agriculture, curbside or in-store pickup retail, manufacturing and wholesale trade. New York City was considered the epicenter of the COVID-19 outbreak in the United States. Several regions in Upstate New York have already entered Phase II of reopening. As of June 7, the Centers for Disease Control and Prevention reported more than 170,000 cases of COVID-19 in the state of New York and more than 21,800 deaths.
NEW YORK CITY — MSquared, a new development and investment firm specializing in mixed-use projects, has launched in New York City. The company will work with local governments, developers and investors to build projects that incorporate a mix of uses designed to promote inclusive economic growth, affordable housing for rent-burdened residents and dedicated spaces for small business owners and community institutions. Former New York City deputy mayor and Goldman Sachs head of urban investment group Alicia Glen is the founder and managing principal of the company, which is headquartered at 40 Fulton St. in Manhattan
NEW YORK CITY — RIPCO Real Estate (RIPCO) has brokered the $7.4 million sale of Woolsey Station Post Office, a 7,668-square-foot building occupied by the United States Postal Service in the Astoria neighborhood of Queens. Located at 2268 31st St., the property is situated near multiple retail and restaurant businesses and offers convenient access to Interstate 278. Greg Batista, Todd Cooper and Mark Kaplan represented the seller, Ditmars Associates, in the transaction. LG Astoria LLC was the buyer.
BOONTON, N.J. — Cushman & Wakefield has arranged the sale of Del’s Village Shopping Center, a 51,794-square-foot grocery-anchored retail property in Boonton, a northwestern suburb of New York City. The sales price was $12.5 million. Kings Food Market anchors the shopping center, which is located at 115 Hawkins Place, and the property was 97 percent leased at the time of sale. Seth Pollack, Andrew Merin and David Bernhaut led a Cushman & Wakefield team that represented the seller, ROI Management, in the transaction. The team also procured the buyer, a private investor.
NEW YORK CITY — Urban Edge Properties, a New York City-based management company, has launched dedicated grab-and-go shopping services at select retail properties in New York and New Jersey. Urban Edge will offer short-term parking spaces located near stores that allow shoppers to pick up items ordered online or briefly enter the store. The spaces are designed to limit the amount of time customers physically spend in stores and to emphasize social distancing as retailers gradually begin to reopen their stores amid the COVID-19 outbreak. Urban Edge has launched the new service at 16 properties, including Bergen Town Center and Hudson Mall in Jersey City and Burnside Commons in New York. Additional properties will launch the program throughout June and July. Restaurant and other essential retailers are already using the parking spots.
ALBANY, N.Y. — Two regions in the state of New York are expected to begin Phase II of the state’s reopening plan this week following improved conditions amid the COVID-19 health and economic crisis, according to a statement issued by New York Gov. Andrew Cuomo on Monday. The regions in question are Western New York and the Capital Region, which includes the state capital of Albany. Phase II includes the reopening of office-based jobs, real estate construction and services, barbershops, salons and expanded retail services. Five regions in Upstate New York — the Finger Lakes, North Country, Mohawk Valley, Central New York and Southern Tier regions — were permitted to begin Phase II on Friday. New York City is expected to enter Phase 1 on June 8. The requirements to reopen a region include a 14-day decline in hospitalizations and hospitalized deaths, fewer than two new hospitalizations per 100,000 residents, as well as several other requirements related to hospital capacity and testing availability. As of June 1, the Center for Disease Control and Prevention reported more than 370,000 cases of the COVID-19 in New York and nearly 29,000 deaths.