400 Madison Avenue

Madison Avenue's New Store Report Released for the 1st Half of 2023

Retrieved on: 
Wednesday, August 2, 2023

NEW YORK, Aug. 2, 2023 /PRNewswire-PRWeb/ -- "Truly historic investments on Madison Avenue headline our first half report for 2023, led by the announcement that Sotheby's will make the Breuer Building at 945 Madison Avenue its new global headquarters," said Matthew Bauer, President of the Madison Avenue B.I.D. "This marks the ascendancy of Madison Avenue as one of the world's most significant destinations for the sale of fine art, a note punctuated by the opening of the stunning LGDR gallery in April."

Key Points: 
  • Ten Shops, Restaurants, Galleries & Spas Opened on Madison Avenue in First Half of 2023; Landmark investments on Madison Avenue from New and Iconic Upper East Side institutions
    NEW YORK, Aug. 2, 2023 /PRNewswire-PRWeb/ -- "Truly historic investments on Madison Avenue headline our first half report for 2023, led by the announcement that Sotheby's will make the Breuer Building at 945 Madison Avenue its new global headquarters," said Matthew Bauer, President of the Madison Avenue B.I.D.
  • Ten boutiques, restaurants and salons opened or expanded on Madison Avenue during the first half of 2023, with four additional boutiques opening in the first few weeks of July.
  • As noted by the Real Estate Board of New York in its Spring 2023 Manhattan Retail Report, "Storefront availability along Madison Avenue has also tightened dramatically... Madison Avenue's luxury leasing rally started more than a year ago; some of these stores opened only recently following extensive store buildouts."
  • Matthew Bauer, Madison Avenue Business Improvement District, 1 212-861-2055, [email protected] , https://madisonavenuebid.org/

Madison Ventures+, Desert Willow Industrial Partners, Make Tremendous Strides with Class A Industrial Park Development in Mesa, Arizona

Retrieved on: 
Tuesday, October 25, 2022

DWIP is an MV+ portfolio company focused on the development, leasing and ownership of Class A industrial properties in the Phoenix Metropolitan area.

Key Points: 
  • DWIP is an MV+ portfolio company focused on the development, leasing and ownership of Class A industrial properties in the Phoenix Metropolitan area.
  • The planned $250 million HUB@202 development will be a 1.5 million square foot Class A industrial park, with 11 warehouse buildings ranging in size from 65,800 to 270,000 square feet.
  • Desert Willow is developing the HUB@202 project jointly with Wharton Equity Partners, a real estate-focused private equity firm located in New York City.
  • A broker reception to celebrate the project and provide additional information is being held Wednesday at the Arizona Biltmore in Phoenix.

Madison Ventures+ Reflects on its Achievements from Union with Cannabis Debt Financing Company

Retrieved on: 
Tuesday, September 20, 2022

Sweet Leaf was founded by Ted Harris and Gabe Selko in 2015 in Denver as one of the first private, direct-lending companies within the cannabis industry.

Key Points: 
  • Sweet Leaf was founded by Ted Harris and Gabe Selko in 2015 in Denver as one of the first private, direct-lending companies within the cannabis industry.
  • With an initial focus on equipment lease financing, Sweet Leaf grew to be one of the largest and most active equipment leasing companies focused exclusively on the cannabis industry.
  • Sweet Leaf Madison Capital provides customized, seed-to-sale, asset-based lending solutions to the underserved middle-market of the cannabis industry by originating equipment financing, real estate loans, and senior secured term loans.
  • The company is based in Denver and has offices in New York City and West Palm Beach.

Madison Ventures+ Reaches Milestone for Workforce Housing with Angeles Madison Residential

Retrieved on: 
Wednesday, September 7, 2022

It is the controlling shareholder of LA-based Angeles Madison Residential (AMR) , which has completed the first project in its workforce housing real estate development platform and is opening an in-house EcoBuild.LA factory in Gardena.

Key Points: 
  • It is the controlling shareholder of LA-based Angeles Madison Residential (AMR) , which has completed the first project in its workforce housing real estate development platform and is opening an in-house EcoBuild.LA factory in Gardena.
  • AMR is building its initial base of properties in the Los Angeles metropolitan area.
  • Large metropolitan areas have been hit the hardest, with Los Angeles County alone needing affordable/workforce housing for more than a half million citizens, according to the nonprofit California Housing Partnership .
  • AMR is a vertically integrated residential development company dedicated to solving Americas workforce housing crisis.

Sonesta International Hotels Corporation Adds Four New York City Hotels

Retrieved on: 
Wednesday, April 27, 2022

NEWTON, Mass., April 27, 2022 /PRNewswire/ -- Sonesta International Hotels Corporation (Sonesta), one of the fastest-growing hotel companies in the U.S., today announced an investment in four boutique and lifestyle hotels in New York City. The hotels are all located in Midtown and were formerly known as The Benjamin, The Shelburne Hotel & Suites, the Gardens Suites Hotel and the Fifty Hotel & Suites. Each hotel will be rebranded under Sonesta's portfolio of dynamic brands and operate as The Benjamin Royal Sonesta New York, The Shelburne Sonesta New York, The Gardens Sonesta ES Suites New York and The Fifty Sonesta Select New York. The hotels were previously owned by Denihan Hospitality Group, which will continue to own a minority interest in the hotels.

Key Points: 
  • Sonesta Adds 918 Guest Rooms, Including 524 Suites, Across Four Sonesta Brands
    NEWTON, Mass., April 27, 2022 /PRNewswire/ --Sonesta International Hotels Corporation (Sonesta), one of the fastest-growing hotel companies in the U.S., today announced an investment in four boutique and lifestyle hotels in New York City.
  • Each hotel will be rebranded under Sonesta's portfolio of dynamic brands and operate as The Benjamin Royal Sonesta New York , The Shelburne Sonesta New York , The Gardens Sonesta ES Suites New York and The Fifty Sonesta Select New York .
  • The four hotels comprising Sonesta's New York City hotel portfolio are:
    The Benjamin Royal Sonesta New York represents Sonesta's first distinctive full-service property in Manhattan.
  • You will find nearly 300 hotels under one of Sonesta's seven brands Royal Sonesta ; Sonesta Hotels & Resorts ; Sonesta Select ; Sonesta ES Suites ; Sonesta Simply Suites ; Sonesta Posadas del Inca ; Sonesta Cruise Collection operating in the U.S., Canada, Chile, Colombia, Ecuador, Egypt, Peru, and St. Maarten.

SL Green Announces Chelsea Piers Fitness as Flagship Retail Tenant at One Madison Avenue

Retrieved on: 
Wednesday, October 20, 2021

NEW YORK, Oct. 20, 2021 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that Chelsea Piers Fitness has signed a 55,780 square foot, 20-year lease covering portions of the ground, second, B1 and B2 levels of the Company’s 1.4 million square foot, Midtown South office tower development at One Madison Avenue. Located adjacent to Madison Square Park between Park and Madison Avenues, Chelsea Piers Fitness is the building’s first tenant and is the foundation of an amenity-rich and curated retail collection at its base. This will be the fitness facility’s fourth location and second in Manhattan.

Key Points: 
  • Located adjacent to Madison Square Park between Park and Madison Avenues, Chelsea Piers Fitness is the buildings first tenant and is the foundation of an amenity-rich and curated retail collection at its base.
  • Chelsea Piers Fitness creates incredible spaces and facilities where our members can train, achieve their goals and be a part of an engaged, inclusive, fitness and social community, said David Tewksbury, CEO & Co-Founder at Chelsea Piers Fitness.
  • One Madison Avenue is an unrivaled location and will be an iconic destination in one of Manhattans most active neighborhoods.
  • We look forward to partnering with the SL Green team to further our goal of creating modernized, one-of-a-kind fitness experiences.