LeFrak signs 27K sq. ft. of new retail leases in Jersey City's Newport

LeFrak [https://pitchbook.com/profiles/investor/112167-10], the developer behind the transformation of Jersey City's Newport, together with Newport Associates Development Co., on Thursday announced that eight new retail leases have been signed within the last few months at the city's waterfront neighborhood.

Totaling nearly 27,000 square feet, new tenants include national boutique recreation studio PingPod; a regional Greek restaurant debuting its first location in Jersey City, Efi's Gyro; a local staple expanding within the area, Roast'd Coffee; and local businesses opening their first outposts, Blue Anchor Bar and Kitchen, Stylebegin Barbershop and Pawsome pet spa. Also coming in are a New York restaurant opening its first Jersey City location, Dunhuang Food; and a new Mediterranean restaurant and bar with golf simulator suites, Solaz.

These highly anticipated retailers bring exciting new options to the live-work-play neighborhood's already diverse lifestyle and dining scene.

"Newport continues to be a prime destination for shopping, dining and entertainment in one of the nation's most successful master planned communities," Ray Kawas, director of commercial leasing for LeFrak [https://www.facebook.com/harrison.lefrak.9/], said. "We pride ourselves on bringing national, regional and local businesses into our retail spaces, as our true downtown experience wouldn't be the same without a great mix of both established and emerging concepts. We're thrilled that tenants like PingPod, Roast'd Coffee and Efi's Gyro recognize the value of establishing a footprint in this vibrant, thriving neighborhood."

Several of the retailers are open in the neighborhood, with PingPod and Roast'd Coffee proving highly popular among Newport residents. Dunhuang Food, which serves signature dishes inspired by Northwest China, also has attracted many visitors to its 2,981-square-foot location on the ground floor of the Beach residential building. Seafood restaurant Blue Anchor Bar and Kitchen, which signed a 2,210-square-foot lease at the Beach, is slated to open this summer, as is Efi's Gyro, which signed a 2,746-sqaure-foot lease in Newport's forthcoming residential building debuting next month. Blue Anchor will feature indoor and outdoor space, including patio seating overlooking the Hudson River and New York skyline, and will offer fresh lobster rolls and other seasonal offerings.

The retail openings will continue throughout the fall, with the 1,075-square-foot Stylebegin Barbershop slated to open at 119 River Drive and Pawsome opening at 2,441-square-foot space on the ground floor of the upcoming residential building. Solaz signed the largest retail lease, a 10,640-square-foot space at the Pacific residential building, on track to open in 2025.

"We are truly happy and honored that the Newport community have given us such a warm welcome," Romie Alcebar, owner of Roast'd Coffee, said. "We are especially thrilled that our Newport customers have been open to trying out our different coffee offerings and brewing methods and learning about our craft.

Our commitment to excellence in every coffee cup, and our philosophy of cultivating connections and fostering a community where quality and warmth converge, perfectly align to Newport's rich culture and socioeconomic demographic."

These retailers are a welcome addition to Newport, where residents, visitors and office tenants have long enjoyed local favorites like Komegashi Too, Fire & Oak and Los Cuernos. The seven lease signings join the wildly popular seasonal pickleball courts and annual Newport Skates pop-up, as well as the recently introduced partnership with Envoy, the sustainability-oriented electric vehicle-sharing platform that provides Newport residents with exclusive car-sharing benefits, including access to Envoy's dedicated Tesla fleet located on-site in Newport.

Spanning 600 acres along the Hudson River, Newport is a vibrant live-work-play community with 15 residential buildings and eight state-of-the-art office towers that provide 8 million square feet of office space for major employers. In addition to stunning water and skyline views and easy access to Manhattan, Newport is sought for its diverse lifestyle amenities, including the sports and wellness offerings at Newport Swim & Fitness, shopping at Newport Centre Mall and the Newport River Market, recreation at Newport Green and year-round community programming.

Source: https://www.roi-nj.com/2024/05/09/real_estate/lefrak-signs-27k-sq-ft-of-new-retail-leases-in-jersey-citys-newport/

Additional Lefrak News:

https://www.inman.com/2023/05/23/developer-richard-lefrak-steps-down-from-140-year-old-family-firm/

https://www.crainsnewyork.com/real-estate/lefrak-real-estate-families-new-york
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This release was published on openPR.