Newmark Grubb Knight Frank Retail and Hospitality Services Chosen to Market
Retail Space at New NoMad Hotel Development
NEW YORK, June 24, 2013
NEW YORK, June 24,2013 /PRNewswire/ -- Newmark Grubb Knight Frank (NGKF)
Retail and Hospitality Services is pleased to announce it has been chosen by
the Lam Group to lease the retail portion of a mixed-use, 400,000-square-foot
development project located in the trendy NoMad neighborhood of New York City,
which will include two luxury hotels (one of which will be the Virgin Hotel),
as part of the its effort to create a lively lifestyle-concept hospitality
(Logo: http://photos.prnewswire.com/prnh/20120821/MM60819LOGO )
NGKF's Rika Lisslo, Ross Perlman and Neal Golden will head the leasing effort
of 100,000 square feet at the site, which will take up the entire block
frontage on Broadway from 29^th Street to 30^th Street. Virgin Hotel New York
is slated to open in the second quarter of 2016 and is expected to feature 300
rooms, multiple food and beverage outlets, meeting spaces, and a wellness
component. Soon to be publicly announced, the second luxury hotel also will
open during that same time, featuring 300 rooms, spa and other amenities. The
multi-level retail space will be smartly integrated with the hotels to deliver
an exceptional experience for all guests and consumers.
"It was important to choose a leasing team that understands the relationship
between hotel demographics and the connected retail space," said John Lam, CEO
of Lam Group, the project owner and developer. "This isn't about filling
retail fronts. It's about creating an exciting, memorable all-around
The Lam Group is intimately familiar with the New York hotel landscape and is
one of the leading owners, developers and operators of franchised hotels in
the city. The group is experienced in developing retail, office and
residential space alongside its hotel developments to enhance the surrounding
community, bringing its ingenuity and vision to make these projects
successful. Anchored by the Virgin brand, which reaches 60 million customers
globally, this site will truly be a destination for New Yorkers and the 52
million visitors to NYC.
About The Lam Group
Lam Group is a privately held real estate investment company recognized as a
leading and innovative hotel developer and owner. The Lam Group has developed
over 22 hotels in New York in the past decade, and currently owns and operates
10 hotels with an additional 7 in its current pipeline. In addition to hotels,
Lam Group's portfolio includes office, retail and residential properties. For
more information, please visit: www.lamgroupnyc.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world's leading commercial
real estate advisory firms. Together with its affiliates and London-based
partner Knight Frank, NGKF employs more than 11,000 professionals, operating
from more than 340 offices in established and emerging property markets on
With roots dating back to 1929, NGKF's strong foundation makes it one of the
most trusted names in commercial real estate. Its integrated services platform
includes leasing advisory, global corporate services, investment sales and
capital markets, consulting, program and project management, property and
facilities management, and valuation services. A major force in the real
estate marketplace, NGKF serves the local and global property requirements of
tenants, landlords, investors and developers worldwide. For further
information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global
brokerage company primarily servicing the wholesale financial and real estate
markets. For further information, visit www.bgcpartners.com.
Press contact: Mira Matic, (973) 461-9005, email@example.com.
SOURCE Newmark Grubb Knight Frank
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