Meridian Retail Leasing
Manhattan, NY Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged a long-term lease for a high-end cocktail bar at 1373 First Ave. in the Upper East Side neighborhood. President of New York Retail Leasing, James Famularo, and director, Eliot Goldschmidt, represented the landlord and the tenant.
1373 First Ave. is a 1,100 s/f space located between East 73rd and East 74th Sts. boasting 28 feet of frontage. The property was previously occupied by The Banshee Pub, which closed in 2018 after more than 10 years. A cocktail bar will be moving into the space in summer 2019 among other popular neighborhood tenants including Bareburger, Campagnola, Numero 28, Starbucks, Pony Bar, Finnegan’s Wake, and Jones Wood Foundry. 1373 also benefits from its high-traffic location in a dense residential neighborhood and its close proximity to the Q subway line at the 72nd Street subway station.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.