New York, New York (March 3, 2017) – Infinity Real Estate LLC announced today the opening of Le Pain Quotidien’s newest location, in the heart of Manhattan’s Greenwich Village, at Infinity’s 205 Bleecker Street.
Prior to delivering the space, Infinity completed a complex and multi-faceted redevelopment of the historic property, which required Landmarks Preservation Commission and MTA approvals along with a change of use.
The retail property was most recently occupied by American Apparel and was a longstanding Banana Republic store prior to that. To accommodate a mix of smaller diverse users, Infinity re-entitled lower level retail space and reconfigured the entire retail premises. The redevelopment scope also included storefront replacement and structural work as well as the replacement of all major building systems.
“Our vision was to bring the neighborhood a retail offering that would benefit the community and contribute to the vibrant Bleecker Street corridor. Le Pain Quotidian joins a successful roster of high quality neighborhood eateries including Sweetgreens, by CHLOE, and Dos Toros, among others.” said David Berg, Investment Director at Infinity.
The new prominently located eatery features approximately 3,000 square feet on two levels and tremendous visibility along the highly trafficked 6th avenue.
“Le Pain Quotidian will re-energize and re-invigorate this corner,” said Berg. “We view Le Pain as a fantastic anchor tenant and look forward to finding high quality co-tenants to occupy the remaining 2,200 square feet along Bleecker Street”
The remaining availability at 205 Bleecker Street can accommodate a single user of 2,200 square feet or two users of approximately 1,100 square feet each. There is an additional 800 square feet in the lower level with a certificate of occupancy for numerous use groups as well.
Infinity purchased 205 Bleecker in July 2015, shortly after American Apparel vacated the property, with the intention of redeveloping and re-tenanting the retail component. Similar to Infinity’s growing portfolio of urban mixed-use properties, 205 Bleecker provides tenants with an irreplaceable location to target New York City’s most popular neighborhoods.