Thursday, March 27, 2014
CoStart Task Real Estate
Proud Recipient Of Winning The 2013 CoStar Top Leasing Brokers on Long Island Adam Stupak CEO of TASK Real Estate We Give Him Big Congratulations on this Prestigious Achievement. Check it out at http://costarpowerbrokers.com/
Tuesday, January 7, 2014
Model Fit
Bowery fit for higher-end gym
Victoria’s Secret models might soon be mingling with residents of the Bowery as ModelFIT, a fitness program that caters to supermodels like Lily Aldridge and Miranda Kerr, recently signed on for a gym in the area. The fitness center completed a seven-year deal for 1,500 square feet on the second floor of 212 Bowery, between Spring and Prince streets. Asking rent was $80 a square foot. The space includes an outdoor patio.
The neighborhood is rapidly developing as the place to be for hotels, retail stores and restaurants, said Adam Stupak, who represented ModelFIT along with fellow Task Real Estate broker Jason Sandlofer. "The whole area is hot—everything is happening there," Mr. Stupak said. "It's not like the Bowery of 10 years ago."
The arrival of nearby retailers such as Intermix and Patagonia have helped push ground floor retail rents to around $200 a square foot—still a bargain compared with SoHo's retail rents of more than $600 a square foot. ModelFIT, which also operates out of a gym in TriBeCa, should open in about five months in its new space above a kitchen supply store, Mr. Stupak said. It replaces a photography studio.
In the latest sign of the area's change, a fitness program popular with supermodels picks 212 Bowery for its workout space, patio included.
Victoria’s Secret models might soon be mingling with residents of the Bowery as ModelFIT, a fitness program that caters to supermodels like Lily Aldridge and Miranda Kerr, recently signed on for a gym in the area. The fitness center completed a seven-year deal for 1,500 square feet on the second floor of 212 Bowery, between Spring and Prince streets. Asking rent was $80 a square foot. The space includes an outdoor patio.The neighborhood is rapidly developing as the place to be for hotels, retail stores and restaurants, said Adam Stupak, who represented ModelFIT along with fellow Task Real Estate broker Jason Sandlofer. "The whole area is hot—everything is happening there," Mr. Stupak said. "It's not like the Bowery of 10 years ago."
The arrival of nearby retailers such as Intermix and Patagonia have helped push ground floor retail rents to around $200 a square foot—still a bargain compared with SoHo's retail rents of more than $600 a square foot. ModelFIT, which also operates out of a gym in TriBeCa, should open in about five months in its new space above a kitchen supply store, Mr. Stupak said. It replaces a photography studio.
Model Fit inks deal in Bowery
Bowery fit for higher-end gym
In the latest sign of the area's change, a fitness program popular with supermodels picks 212 Bowery for its workout space, patio included.
Victoria’s Secret models might soon be mingling with residents of the Bowery as ModelFIT, a fitness program that caters to supermodels like Lily Aldridge and Miranda Kerr, recently signed on for a gym in the area. The fitness center completed a seven-year deal for 1,500 square feet on the second floor of 212 Bowery, between Spring and Prince streets. Asking rent was $80 a square foot. The space includes an outdoor patio.The neighborhood is rapidly developing as the place to be for hotels, retail stores and restaurants, said Adam Stupak, who represented ModelFIT along with fellow Task Real Estate broker Jason Sandlofer. "The whole area is hot—everything is happening there," Mr. Stupak said. "It's not like the Bowery of 10 years ago."
The arrival of nearby retailers such as Intermix and Patagonia have helped push ground floor retail rents to around $200 a square foot—still a bargain compared with SoHo's retail rents of more than $600 a square foot. ModelFIT, which also operates out of a gym in TriBeCa, should open in about five months in its new space above a kitchen supply store, Mr. Stupak said. It replaces a photography studio.
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