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RKF Signs Lush Cosmetics at 2175 Broadway

| Commercial Real Estate News, Leasing, Retail| Views: 496


RKF recently landed a new tenant at the Hotel Belleclaire in New York City. Lush Cosmetics has signed a lease for 2,600 square feet of retail space at the ground floor of the 2175 Broadway landmark, and will open its new store this coming fall. The brand, known around the world for its handmade and ethical bath, body, hair and skincare products, operates 200 stores in the U.S., six of them located in New York City. The landlord, Triumph Hotels, was represented by RKF Managing Director David Abrams in the lease negotiations, while Lush was represented by Matthew Krell of NGKF.

Strategically placed between Central Park and Riverside Park on Manhattan‘s vibrant Upper West Side, Hotel Belleclaire was designed by ‘starchitect’ Emery Roth and recently underwent a multi-million dollar renovation. The landmark hotel at the southwest corner of West 77th Street now boasts a new grand entrance on Broadway and a restored facade. Other retail attractions in the area include Apple, Barneys, Bloomgindale’s, SoulCycle, Zabar’s and lululemon.

Originally designed back in 1903, commissioned by Albert Saxe, Hotel Belleclaire mixes Beaux Arts principles with the Art Nouveau-Secessionist style. According to the hotel website, famous past guests include Maxim Gorky, Mark Twain and Babe Ruth.

Lush’s new Broadway location will feature 1,600 square feet of ground-floor retail space and an additional 1,000 square feet on the lower level. RKF is currently marketing 6,600 square feet of ground-floor retail and 5,300 square feet of lower-level space at the site, which can accommodate multiple tenants.

“We have been working with Triumph Hotels since 2012, when they first sought authorizations for the renovation process—and we are thrilled to bring Lush to one of Hotel Belleclaire’s three retail spaces,” said David Abrams in prepared remarks. “2175 Broadway is an excellent location for a brand wanting to increase its footprint, based on the extremely dense residential market, where Broadway is an incredibly strong seven-days-a-week retail corridor with robust pedestrian traffic.”

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