The New York Times just posted a story about developers having to offer more to entice retail tenants. They interview the developers of Port Imperial in Weehawken/West New York, Maxwell Place in Hoboken, and Gulls Cove in Jersey City. The Times notes: “[Retail tenants] are insisting, for example, that the developer foot the bill for finishing off store interiors, an expense that in better times the tenant might bear.”
Yet, some interesting restaurants, stores, and even a spa for dudes will be opening up soon. The Times notes:
“At Maxwell Place, all of the tenants so far are sellers of services, rather than goods. Besides the bank and a dry cleaner, the list includes a child-care center (Bright Horizons Pre-K, which is taking 10,000 square feet), an international hair salon (Toni & Guy), a men’s spa called Hoboken Male, a massage service, and a yoga studio. Also, a cosmetic dentistry practice is opening.”
“At Gull’s Cove, the developer, Dean S. Geibel of Metro Homes, has also signed up a child-care provider (the Early Learning Academy), which will be next to a Sawa Steakhouse & Sushi Bar. He is close to signing four more contracts and has been seeking ‘gym, fitness, hair salon, doctors who specialize — the same tenants everybody is clamoring after,’ Mr. Geibel said.”
“Port Imperial, which sprawls over two miles and three towns and has its own light-rail stop and ferry station, is opening an 80,000-square-foot retail promenade in ground-floor space in three apartment buildings. The complex [already] has an A&P Fresh grocery store, a wine store, and Ben & Jerry’s ice cream among its existing tenants, and the retail space is about 80 percent leased, according to Ms. Tantleff. A salon and spa will open in the fall, she said, and talks are under way with a wine bar and a ‘doggy day care’ business.”
Plus, a cuban restaurant, Son Cubano, will be opened in Weehawken by Eddie Duran, who has a restaurant in the Meat Packing District.
So now you’ll have places along the waterfront to leave your kids, leave your dogs, and get your Male.
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