Tenants sign leases for Grand Street in Williamsburg, pointing to a busier shopping strip
Two retail store transactions point to Grand Street in Williamsburg becoming a busier commercial strip, especially with several large residential developments nearby.
The first is Johnny’s Chop Shop, a London-based men’s hair salon, which is opening its first U.S. outlet there, according to Crain’s. The chain signed a lease at 154 Grand St. next door to the popular streetwear shop Supreme.
The other is Kitsby at 136 Grand St., a company that sells prepackaged dessert recipes and ingredients, Crain’s reported.
Both deals were arranged by Peter Schubert, a leasing broker at TerraCRG. Schubert said he was able to negotiate a roughly 15 percent discount for Kitsby because of the planned L-train closure. While Gov. Andrew Cuomo has since called off the shutdown, Kitsby’s lease was signed beforehand, Crain’s said.
“These tenants definitely see a big rise in demand because of projects like the Domino Sugar Factory development,” Schubert told Crain’s. Both stores are expected to open in the spring.
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