Commercial Real Estate & Advisory
Commercial Real Estate & Advisory
Sinvin is thrilled to have helped return Jonathan Adler to Soho with a retail lease. We negotiated a 10-year deal in an 8,000sf flagship, comprising a freestanding, full building identity, for the brand’s homecoming.
A powerful statement of design, commerce, and opportunity!
Congratulations to Sinvin’s Christopher Owles on yet another leasing coup. And equal props to David J. Baker and Janet Liff in the tenant representation of Jonathan Adler.
With thanks to Lois Weiss for the fine coverage.
Jonathan Adler is returning to Soho with a massive new store in a fresh bid to take advantage of lower rents in the trendy downtown Manhattan neighborhood, The Post has learned.
The chic furniture designer will have the entire 8,000-square-foot, mid-block building — located at 382 West Broadway between Spring and Broome streets — including the ground, lower level, and a mezzanine, according to sources close to the deal.
Confirming the Soho store, a spokesman said it was too soon to talk about the new location.
The asking rent was $650,000 per year for the 10-year deal that includes the city’s property tax of $320,000. Janet Liff of J. Liff Co. and David Baker of Baker New York represented Jonathan Adler in the extensive search for a new store.
“Rents came down significantly in Soho [since the pandemic] and so there are opportunities and it’s a good time to come back,” Liff said.
Barneys New York bought Jonathan Adler’s pottery collection five years before he opened a tiny shop on Broome Street in 1998. He later opened two larger stores on Greene Street.
“Soho’s always been their home and it’s important to have a presence here,” said Liff.
Adler currently has stores open in Manhattan at 135 E. 65th St., 37 Greenwich Ave., and 304 Columbus Ave.
“It’s one of the few nonhistoric structures in the area, so for a brand that has a strong identity, it allows them a blank canvas with which to work,” said Christopher Owles of Sinvin Real Estate, who represented the building owners. “There is amazing natural light with three giant skylights running across the ceiling and so it is washed in light all day.”
Wearing gold sneakers, the prolific designer participated in a ribbon cutting at the American Dream on Friday. The New Jersey entertainment complex’s “The Avenue” fashion area now includes a new Saks Fifth Avenue and another Adler store that spans roughly 1,200 square feet.
There, Adler also had a hand in the design of the private luxury cabanas and suites at the water park, as well as blow-ups of his signature pottery faces topped with topiary that now line the halls of the Avenue fashion corridor.
“It’s a sense of spectacle and experience that needs to be the new paradigm in shopping,” he said of the “Art Deco meets the Seventies” decor.