Restaurant and Bakery Chain Expands in Manhattan’s Bustling West Village
NEW YORK (June 27, 2016) – Infinity Real Estate, along with its partner, Seven Equity Group, has leased 2,969-square-feet of retail space to internationally known Le Pain Quotidien at 205 Bleecker Street in the West Village. Started in Brussels in 1990, the Belgian-inspired bakery and communal table chain will feature a bi-level restaurant use uniquely designed to fit the company’s brand. Le Pain Quotidien is expected to open in late fall of 2016.
Le Pain Quotidien will occupy 1,524 square feet on the Ground Floor and 1,445 square feet on the Lower Level of the six-story prewar walkup co-op building located at the intersection of Sixth Avenue, Bleecker Street and Minetta Street. The space was previously occupied by American Apparel.
“Le Pain Quotidien is the tenant we targeted for this location. We believe in their well-established concept, and we are excited about the new life that they will bring to this corner,” said Steven Kassin, Managing Partner of Infinity Real Estate.
Situated in the heart of the West Village, one of Manhattan’s most historic, popular and busy retail corridors, the wedge-shaped building, known as a smaller-scale Flatiron lookalike, offers high visibility and robust foot traffic. The area features a richly varied mix of restaurants, service businesses and numerous apparel and accessory retailers. Neighbors include Bank of America, Bar Pitti, byCHLOE, Cafe Clover, Caliente Cab Company, Charlie Bird, Dos Toros Taqueria, Duane Reade, El Toro Blanco, Grom, Joe’s Pizza, Minetta Tavern, sweetgreen, and The Coffee Bean & Tea Leaf. Juice Generation and Pig Beach are expected to open soon.
“We are thrilled to have partnered with Le Pain Quotidien at 205 Bleecker. We think they will be very successful in this neighborhood,” added Ray Falack, Managing Partner of Seven Equity Group.
RKF Managing Director Ross Berkowitz, Senior Associate Brandon Berger and Associate Hunter Rief represented the landlord. Newmark Grubb Knight Frank’s Mark Frankel represented Le Pain Quotidien.
RKF is continuing to market the remaining 2,969 square feet of available retail space on the Ground and Lower levels of 205 Bleecker Street to other fast-casual restaurants and specialty retailers. The space features 22 feet of frontage on Bleecker Street and can accommodate one or two tenants.
“This West Village location is going to be a highly desirable corridor for restaurant operators. It has proven to be a destination neighborhood that benefits from residents, students and tourists frequenting the West Village and Greenwich Village looking for a diverse dining experience,” said David Berg, Investment Direct at Infinity Real Estate.
About Infinity Real Estate
Infinity Real Estate is a privately-owned developer, owner, and manager of high quality real estate in primary U.S. markets. Infinity Real Estate is a business unit of Infinity Group, officially formed in 2005, and is headquartered in New York City. The Company’s portfolio includes over 50 individual properties representing over 2.5 million square feet of commercial space and over 1,000 urban multi-family rental apartments. Through its affiliates and portfolio companies, Infinity has managed in excess of 115 properties representing over 20 million square feet. The Company’s principals have led or have directly transacted in over $4.5 billion of real estate related investments spanning the acquisition or development of individual properties and portfolios, as well as several private corporate deals.
About Seven Equity Group
Seven Equity Group is a real estate owner, developer and operator focused on managing and redeveloping retail, mixed use and multi-family buildings in major U.S. markets. The company has a strong commitment to investments in emerging and established neighborhoods and prides itself on a proactive and ethical approach to management.
The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $30 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.