REAL ESTATE

HairParty 24 to open second Manhattan location

BY CSA STAFF

New York City — Winick Realty Group LLC announced that HairParty 24, a 24-hour hair salon and spa with locations in New York and Seoul, has leased its second Manhattan location at the former Marc D’Orsay Salon at 450 Park Avenue South, between 30th and 31st Streets.

The space includes 1,300 sq. ft. on the ground floor and 2,000 sq. ft. in a selling basement that will be used for parties.

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REAL ESTATE

La Mar Peruvian restaurant to open on Madison Square Park

BY CSA STAFF

New York City — Robert K. Futterman & Associates said it has brought Gastón Acurio’s Peruvian restaurant concept La Mar to New York City’s Madison Square Park, as Acurio’s company has taken over the former Tabla space at 11 Madison Ave.

RKF recently arranged the retail lease assignment, including approximately 9,000 sq. ft. on two floors, in the Credit Suisse Building on the southeast corner of 25th Street.

The restaurant is slated to open in the fall.

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REAL ESTATE

Madison Marquette encores retail business incubator program

BY CSA STAFF

San Francisco — Madison Marquette has announced the return of its retail business incubator program it calls Retail Star.

As part of the program, Madison Marquette is on the hunt for the third consecutive year to find entrepreneurs with new viable retail concepts.

The competition returns to Bayfair Center, in San Leandro, Calif., and kicks-off for the first time this year at Bay Street, in Emeryville, Calif., according to Madison Marquette.

The eight-month program is designed to make the dream of a new business a reality for motivated entrepreneurs. Bayfair Center is seeking the next great Retail Star in food service and awarding the winning food concept a prize package that includes: $25,000 in start-up funds from Madison Marquette; a complete build out in the newly completed Bayfair Center Food Court; and free rent for a year — total value of more than $200,000.

Bay Street is looking for a Retail Star with a unique retail concept to fill a shopping center RMUs (retail merchandising unit) with a prize package including: $5,000 in start-up funds from Madison Marquette; a shopping center RMU to house their winning concept; and free rent for one year — total value of more than $90,000.

“The Retail Star program has been a huge success at Bayfair Center the last couple of years and we are thrilled to expand the program to include Bay Street this year,” said Madison Marquette Managing Director of Western Region Eric Hohmann. “We are confident we will find two Retail Stars with innovative concepts and encourage entrepreneurs, graduating college students and local visionaries to enter the competition.”

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