Author: hidrockwp

Hidrock announced today that it has signed three new restaurant leases in its retail spaces at 336 State Street and 75-77 Hoyt Street in Boerum Hill, Brooklyn. The firm purchased the two adjacent buildings last year and repositioned the six underutilized retail spaces into three, more efficient storefronts. The tenants – The Grand Army, Oaxaca Taqueria and Little Sweet Cafe, bring the buildings to 100% leased.

Offshore investors are breaking into the hotel market at a rapid rate, and despite what it may seem like from recent headlines, not all are arriving from China. The buyers – many of them hailing from Qatar, Kuwait, Malaysia and Singapore – were involved in 50 percent of all New York City hotel investment sales in 2014.

Commercial real estate owner Hidrock Realty hosted a “Year End Celebration” on Monday, December 8 to celebrate 2014’s accomplishments which included over $500 million in real estate transactions. The event – which had the members of the Hidary clan in attendance – was held at Monarch Rooftop Lounge located above one of Hidrock’s hotel developments at 71 West 35th Street and drew more than 200 of the city’s top real estate professionals.

Boerum Hill is about to get a new neighborhood bar with some serious pedigree. Noah Bernamoff of Mile End tells Eater that he’s teamed up with Damon Boelte, who built the bar and the bar program at Prime Meats, Julian Brizzi who co-owns Rucola, and one Daniel Krieger to open The Grand Army bar together, just up the street from Mile End. The bar will hawk small briny oysters from the Northeast and serve some serious bread, cocktails, and craft beer.

The North America Hotel Investment Conference (NATHIC) heard optimistic predictions from some of the industry’s most influential leaders at their annual summit last week, but New York City developers have their eye on a plethora of issues that could upset the applecart, from rising land prices to the Airbnb economy.

James Nelson and Andy Posil of Massey Knakal sat down with Will Obeid of Gemini Real Estate Advisors, LLC, Eddie Hidary of Hidrock Realty Inc., and Tyler Morse of MCR Development LLC, to discuss their current projects and the current hospitality environment in New York.

Where does a collection begin? In the mind and imagination of a designer, of course, but also in a physical space, an insider sanctum that is almost never seen by consumers: the office and atelier. In many ways, these private spaces reflect the choices and points of view that inform fashion as much as any runway show. If in doubt, simply consider the outtakes from a series of behind-the-velvet-curtain videos in which designers from New York to Paris invited The New York Times into their professional lives. First up: Jason Wu, who opened his namesake label in 2006 and shot to fame as the designer of Michelle Obama’s inaugural gowns, in his New York office.