Just as we love it when a restaurant replaces a bank in a retail location, we love it when an actual store replaces a storefront office.
Canadian fashion designer Tanya Taylor is launching Her First Brick-and-Mortar Boutique At 980 Madison Ave. at the location previously occupied by Douglas Elliman Real Estate.
The store will have approximately 2,800 square feet on two levels.
The RFR-owned building opposite the Carlyle Hotel between East 76th and 77th Streets houses the Gagosian Gallery and restaurant Cappo Masa. Leasing firm Mona, which was founded by RFR, represented the landlord. Newmark replaces Tanya Taylor. The asking rent was $775 per square foot.
Also on 980 Madison, Women’s Contemporary Line Veronica Beard doubling its space by adding 1,237 sq ft on the ground and 814 sf on the lower level.
The Third Avenue Doldrums have not affected BlackRock and L&L Holding Company’s 600 Third Avenue between East 39th and East 40th Streets. The tower is 94% leased and in another sign of vitality, law firm Polcinelli PIC is increasing its presence there.
Polcinelli extended his lease for another 10 years, until 2036. It also expanded by 13,129 sq ft, bringing its total to 56,516 sq ft – the tower’s largest tenant.
L&L, who bought the property in 2004Upgraded the lobby and building systems, and redesigned its public plaza and park spaces.
Polcinelli was replaced by the CBRE team. David Berkey of L&L did the in-house work for the homeowner.