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Real Estate Insider Resources Recession Boosts Cheap-Chic Shop’s Fortunes

Date: Mar 15, 2010
Publication: Crain's New York Business
URL: https://assets.elliman.com/retail_reports/faith-crains- real estate insider- resources- recession boots cheap-chic shops fortunes-roundabout 113-115 mercer st- 3 9 10.pdf

After opening its first Manhattan location two years ago on the Upper East Side, upscale consignment and designer-discount shop RoundAbout recently signed a 10-year lease for 3,100 square feet at 113-115 Mercer Street. “It’s a recession-proof tenant,” said Faith Hope Consolo, the Prudential Douglas Elliman broker who, along with colleague Joseph Aquino, represented RoundAbout. “There are a lot of residents in TriBeCa and SoHo that shop at Century 21, and RoundAbout is going to capture those.”

 

 

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