Just in time for the 40th Anniversary of Harlem Week, Bed Bath & Beyond and WeWork have leased the full, 30,000-square-foot floors at the new 5 W. 125th St. project.
BBB will have the 2nd floor and WeWork the 3rd in the upcoming 130,000-square-foot project topped by 30 residential rentals that should be completed in the fall of 2015.
Asking rents were $50 per foot, and both companies will have soaring ceilings, signage and branding overlooking the major intersection at Fifth Avenue.
The home-accessories retailer will have an entrance through the main lobby on West 125th that in the future could be shared by a lower-level store. WeWork members will have a private lobby in the rear of the building on West 126th Street.
“Bed Bath & Beyond will be embraced by the Harlem community and will drive heavy pedestrian traffic east of Lenox Avenue,” said Jared Epstein, Aurora’s vice president who represented the ownership in both deals that were made directly with the tenants.
Epstein said Aurora is fielding offers from several national retailers for the 21,000 feet on the ground floor with an asking rent of $120 per foot and the same footage below with a $50 per foot ask.
Bobby Cayre’s Aurora Capital Associates and the Adjmi family bought the stalled site from RCG Longview in December and revised the plans.
Yesterday, Aurora was revealed by The Post as a 50/50 partner with Vornado Realty Trust in a 99-year ground lease for the Prince Lumber site at 61 Ninth Ave on the southwest corner of Ninth Ave. where they will develop a $125 million office and retail building of 130,000 square feet.
Designer Victor de Souza will also participate in the month-long Harlem Week 40th Anniversary by opening a 600-foot pop up boutique at 2312 Adam Clayton Powell Blvd. on the southwest corner of 136th St.
He will make his New York Fashion Week debut on Sept. 3 and is also seeking permanent store space.
Faith Hope Consolo, chairman of Douglas Elliman’s retail group, along with Joseph Aquino and Arthur Maglio, who also both work for the firm, represented both sides of the deal.