1501 Island Avenue
1501 Island Avenue | STORIES
Property HighlightsACQUISITION & ADVISORY
- Worked with Colliers to acquire parcel for buyer.
- Task: Lease 19,000 SF in ground floor retail of a luxury mixed-use project in a transitioning neighborhood.
- Challenge: Difficult to attract retailers due to fringe East Village location with heavy homeless population and overall lack of retail synergy.
- Result: Project 66% leased prior to TCO and 100% under contract 4 months post completion. Tenants include The Boxing Club, Red Hat Coffee Roaster, Ale Tales, and Shelton Family Cleaners.