Sephora now has some upstairs neighbors, as the building at 1 St. Mark's Place has secured its first office tenants.
According to a report in The Real Deal, two firms have signed 10-year leases totaling more than 16,000 square feet in the nine-story office property developed by Real Estate Equities Corporation (REEC).
An investment firm leased 9,500 square feet across the sixth and seventh floors, while a technology-focused investment firm took 6,800 square feet on the eighth and ninth floors. The tenants were not identified.
The leasing activity marks a milestone for the roughly 60,000-square-foot building on the NE corner of Third Avenue and St. Mark's Place. The project, developed by Brandon Miller's REEC, has had a complicated path — including financial challenges before and after the pandemic, as well as a lender-backed refinancing.
Miller reportedly took his own life in the summer of 2024.
Sephora, the first (and only?) retail tenant, opened a 7,800-square-foot store on the ground floor last month
Great. Invasion of the Finance Bros.
ReplyDeleteWho're are worse though, the finance bros or the NYU dorm bros?
DeleteDon’t forget about the tech bros.
DeleteMore bros! So sick of them!
ReplyDeleteThe bros seem to own the east village unfortunately.
ReplyDeleteThey've breached Avenues B and C... there's no respite from the backwards caps.
DeleteI'd sell them all to Old Scratch to have Papaya King back.
ReplyDeleteLove it. Bros’ are common sense people they work, they drink, they work out, they have girlfriends.
ReplyDelete