Originally reported in The Real Deal in early January, Gramercy Park Flower Shop has signed a 12 year lease at 32 Adams Street (1,183 sqft) and 28 Adams Street (1,349 sqft) for a total of 2,532 square feet. 32 Adams Street will serve as the retail location and 28 Adams Street will serve as office space. We contacted the Two Trees folks who confirmed that construction should be done in February and the tenant will be open for business in March. The location is in the rear of the 55 Washington Street building as posted in September 2010.
Since Overpass Flowers at 65 Washington St closed in January 2007, the neighborhood has been lacking a florist, and residents have been asking for one via emails to DumboNYC. You may also remember that a flower school was to open at 73 Front Street in 2008, but the lease was cancelled.
According to a NY Observer article, Gramercy Park Flower Shop leased the space for 12 years and the asking rent was $30 a square foot. Gramercy Florists has three Manhattan locations and Dumbo will be the first Brooklyn location. With so many weddings taking place in the area, this could be good for wedding planners and brides who want to plan something with a local florist.
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is such a long lease typical? florist seems to make sense in dumbo with all the weddings.
According to Legacy Real Estate (who represented the tenant), for retail space – 12 year deals are not uncommon; some are even longer.
is such a long lease typical? florist seems to make sense in dumbo with all the weddings.
According to Legacy Real Estate (who represented the tenant), for retail space – 12 year deals are not uncommon; some are even longer.
I love hearing about new flower shops opening, and especially in a place like this. Having the colors and freshness of a flower shop in the middle of the gray brick around it, adds so much to the area.
I love hearing about new flower shops opening, and especially in a place like this. Having the colors and freshness of a flower shop in the middle of the gray brick around it, adds so much to the area.
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