Thursday, April 19, 2012

Organic Market Wholesome Direct, Subway Sandwich Shop and Island Spirit Wine Store Sign Leases For Roosevelt Island's Main Street Says Wall Street Journal - Also Child School Takes 504 Main Street Second Floor For Arts Center

 Image From Diabetes Mine

According to today's Wall Street Journal, Hudson Related has signed 4 new leases for Roosevelt Island's Main Street:
... New tenants include organic market Wholesome Direct, a Subway sandwich outlet and Island Spirit, which will be the only wine store on the island. The Child School is opening a 7,000-square-foot fine-arts center on an upper floor, which will include art, music, drama and dance studios.

A Gristedes grocery store that has been on the island for more than 20 years is also being remodeled. The grocery will be the guinea pig for a new concept for Gristedes, in which the store will also include boutiques, such as an organic market and a sugar-free market.

"This is going to be a new concept that we're experimenting with on Roosevelt Island," said John Catsimatidis, the owner of Gristedes. "We do reasonably well, but we could do better." 
Click here for entire Wall Street Journal article.

Stay tuned for more.

UPDATE 10:45 AM - Received this press release from Hudson Related:
Hudson Related Retail LLC, a joint venture between real estate development firms The Hudson Companies and Related Companies, today announced new retail leases, architectural  and streetscape improvements, and lease renewals that  will revitalize the Main Street retail corridor and bring new amenities to Roosevelt Island. Retail demand has outpaced supply in recent years as the Island has experienced population growth in newly constructed residential buildings and with anticipation of the new Cornell campus. 

David Kramer, a principal with The Hudson Companies said, “We are excited to announce the inaugural set of new leases and continue to bring additional amenities to Roosevelt Island and revitalize Main Street. These new retail tenants will bring much-anticipated and desirable services to the local community of 14,000 residents which, until now, had very few dining options on Main Street.  Residents will now have even greater option to shop, dine and relax without leaving the Island and we look forward to sharing additional tenant news in the near future.”

Retail leasing activity includes new tenants and renewals, including:
·         Island Spirts, a new wine and liquor store will open at 605 Main St. The island has been without a wine store for several years.
·         Wholesome Direct, a gourmet and organic natural food market at 530 Main St.
·         Europan Bakery Cafe at 503 Main St. will offer fresh gourmet foods, beverages and baked goods.
·         Subway Sandwich at 513 Main St. will offer sandwiches for breakfast, lunch, and dinner.
·         The Child School is opening a 7,000 square foot fine arts center at the upper floor of 504 Main St, which will be complementary space to the School’s other existing facilities on Roosevelt Island and will include art, music, drama and dance studios.

Hudson and Related also looks forward to two longstanding tenants renewing their leases:
·         Trellis Diner, a Roosevelt Island community institution, will have a ten year lease and is planning architectural and general improvements to the store.
·         Gallery RIVAA, at 527 Main St., will continue serving the community with arts events and gallery shows.

Additional transactions are also in the works for the next retail phase of leasing:
·         Hudson/Related and the New York Public Library have been pursuing capital funding necessary to create a new, state-of-the-art library branch on the ground floor of 504 Main Street.
·         The leasing team has been receiving offers for additional stores such as ice cream/candy; additional restaurants, florist and green desk office leasing.
·         Hudson/Related hopes to attract a pet store operator to the island as well as a frozen yogurt store.

"For too long, Main Street has been a ghost town, forcing Roosevelt Islanders to travel far and wide for the simple amenities most New Yorkers take for granted.  The innovative public private partnership between the Roosevelt Island Operating Corporation and Hudson/Related that resulted in the retail master lease is revitalizing Main Street, giving Roosevelt Islanders great new shopping opportunities right outside their front door,"  said Assembly Member Micah Kellner (D - Upper East Side, Yorkville and Roosevelt Island) who played a key role in shaping and implementing the new retail master lease.
“Roosevelt Islanders have been clamoring for better shops and amenities for years. This makeover is a huge step forward and will help create a vibrant shopping corridor on Main Street,” commented Councilwoman Jessica Lappin.

"We're excited about more shops and stores on Main Street. Island residents and visitors deserve a great shopping experience and the amenities that come with living in a thriving community.  We signed a master lease with Hudson/Related because we were confident they had the expertise to develop a vibrant commercial corridor and we're thrilled that we'll soon see the first results of this partnership," said Leslie Torres, President of the Roosevelt Island Operating Corporation.

Hudson Related has received commitments from Gristedes to commence architectural and in-store improvements to the Roosevelt Island store, which are expected to be completed by October, 2012.

John Catsimatidis, CEO of Gristedes, added, “We’re excited about Hudson/Related’s efforts to revitalize Main Street, and in that spirit, we’re about to undertake a major renovation of our store, which has been serving the island for more than 30 years. We’re looking forward to bringing more organic foods, fruits and vegetables to the island at everyday prices.”

Hudson Related is planning design improvements to the storefronts along Main Street, which include new lighting, signage, way-finding elements, and materials to freshen the look of the Main Street corridor, which has not seen any major renovations or improvements in nearly 40 years.

The transformation of Main Street continues the retail enhancements began by Hudson and Related several years ago with the creation of the Riverwalk community on Roosevelt Island which includes six residential buildings. Retail amenities at Riverwalk include the Duane Reade, Roosevelt Island Day Nursery at Riverwalk, the Riverwalk Bar and Grill and an adjacent bagel store and deli, Nonno’s Focacceria, Fuji East, Swan Nails, Prestige Cleaning and Valet and Starbucks.

Hal Shapiro, a Managing Director at Winick Realty, has been responsible for most of the leasing efforts on behalf of Hudson/Related: “The revitalization of the Shops on Main will bring a new energy to Roosevelt island for the residents, tourists and workers.”

The retail renaissance is taking place within the context of other significant improvements to the Roosevelt Island neighborhood including the opening of the Louis Kahn-designed FDR Memorial in October, 2012 and the start of the $2 billion Cornell/Technion Campus for the Applied Sciences.

“All of these factors will strongly reinforce the vitality of the new retail corridor. Studies have previously concluded that island residents spend $0.86 of every retail dollar off-island, and we are committed to changing that dynamic,” said Kimberly Sherman-Stamler, Vice President of Related Companies.
UPDATE 11:20 AM - The new retail stores and improvements on Main Street would not have been accomplished without the persistence and hard work of former RIOC Director Jonathan Kalkin who first proposed the idea of a private sector Main Street Retail Master Leaseholder way back in 2007. Mr. Kalkin should be thanked for his role in helping to bring about these new stores.

18 comments :

mogensjp said...

Appears to be great news. Hope to hear more at today's meeting.
Tried to google Wholesome Direct but without success. Hopefully
they will be competitively priced.

Oblomova said...

Thanks Mr.Krames to enrich our dining options on Main Street with Subway sandwiches. WHAT A JOKE!

Mark Lyon said...

At $50/sqft, you better have a proven concept.  Subway may not be your cup of tea, but plenty of people are perfectly happy to eat in their restaurants.

Tram_Rider said...

Doesn't Subway already have an outlet at the hospital? They know the market. It will be a welcome addition to the picnickers, Legacy High School students and those who work on the Island and seek an alternative to a sit-down meal at Trellis or in Southtown.

Plus commuters can pick up coffee on the way to work.

Let the market decide how the Subway store will succeed.

Mark Lyon said...

They do.  Interestingly, the hospital subway is available on Seamless.  http://www.seamless.com/food-delivery/Subway-Roosevelt-Island-Queens.22270.r

No other RI restaurants are available on the service.  Those listed are in Queens.  

Anonymous said...

The joke is the continued negative comments about everything. The Subway franchise is a welcome addition to RI!!!

theohiostate said...

I don't mind Subway.  There are a lot of them that are clean and well kept.  I would also welcome a Dunkin Donuts / Baskin Robbins.

CheshireKitty said...

In an effort to control cholesterol by diet alone, I swore off all fast food (including burgers/fries/shakes) all Italian food (including pizza/pasta/Italian pastries) all commercially baked goods as well as frozen desserts, many years ago.  The only fast food I still eat and enjoy - Subway!  Kramer - Way to go!!  

Westviewer said...

This is great news!  Any opening dates?

YetAnotherRIer said...

Yup. You have been able to order online or over the phone but you can't walk in. It's a good move by them to finally get a store front.

zoilalexie said...

I won't comment on the movie to which Mr. Farance references.  However, he is dead-on with respect to Mr. Kalkin and the other Resident Board Members (who we voted in) not doing their due diligence.  It's their fault that we don't have these storefronts filled by now, but residents don't hold them accountable.  Why?  Because they are the Resident Board Members we voted for.  And, what do we do when we have another chance to fix this debacle... we vote for them again.  There were other, more worthy candidates who ran in the last election.  But, we can't see the forrest from the trees.  And, we want a very astute Governor to pay attention to us.  eah, right! We have a local paper editor who writes diatribes about Democracy and Governance and yet the ones we voted for are only interested in their building deals and getting their kids summer jobs.  Please!!!  Many residents were born at night, but like Mr. Farance - not last night. 

YetAnotherRIer said...

It's the same people getting voted in because it's the same people that actually do cast votes. And who are those people that vote? It's either friends and neighbors of the current resident board members or new residents on RI who just don't know better. I don't think Jane and Joe Normal on RI don't care too much about the RIOC, RIRA, and what not. That, of course, is a recipe to stay stagnant.

roozevelt said...

Well, through all their efforts, they only manage to get about 700 residents to vote.  700 out of 13,000 is ridiculously low.  That's why the Governor doesn't pay too much attention to the R.I. activists & their politics.  Quite frankly, I wouldn't either if I were Governor.

Oblomova said...

Yeah, you people are so lazy. I am a young mother, who am I fooling, this is no Park Slope and it will never be. We'll always have subpar food here, sadly. I've lived here since 96 and can't believe it's still the same. We could have had such nice and affordable little gourmet sandwich stores that everyone could enjoy. Subway ingredients are not good for you, all processed meets and cheeses, speaking of dieting. Have you been to Park Slope, Williamsburg and other BK neighborhoods? They really do the food right but they are worldy and the majority of RI residents are not. Let's see who goes to Subway....

CheshireKitty said...

It's a sandwich shop - all sandwich meats are processed to some extent.  I like that you can get a sandwich on hero, as a wrap, or as a salad.  They always have listed the calorie count and are making a real effort to offer healthy fast food, and if I'm not mistaken they've recently overtaken Micky D's worldwide.  RI, like the rest of NYC, is a melting-pot, but as a small island, it is not hooked into the possibility of outsiders wandering in, sitting down at a restaurant etc.  It's also directly adjacent to a sparsely populated partly industrial part of W. Queens.  Maybe if they changed the name of the neighborhood to Roosevelt or Rooseveltown, it would sound more like a neighborhood and less like an island (and perhaps then more people would come here).  

YetAnotherRIer said...

"Have you been to Park Slope, Williamsburg and other BK neighborhoods?" 

You don't see the difference between those neighborhoods and ours when it comes to running a business? We will never be able to attract businesses like other neighborhoods do. That's reality and if you don't like it, well, you seem to know where you'd rather want to live.

Westviewer said...

The marketing of the island from the outset has always been that it is NOT just another NYC neighborhood.   This has been a mistake and the result is plain for everyone to see.  In fact, we are only a subway stop from midtown Manhattan.  If the island had been marketed differently, we might have had a vibrant Main Street years ago.  Many, many people still do not realize that the F train stops here -- some twenty years after it was put into service. 

franchise list said...

Subway is the world largest leading brand to making the foot long,salad etc. It contain plenty of online services also to get the customers attraction. I loved to enjoy the food of subway.