Live-Work-Play Neighborhood Continues to
Attract Local and National Retailers, Signs Seven New
Leases
NEWPORT,
N.J., May 14, 2024 /PRNewswire/ -- LeFrak
Commercial and Newport Associates Development Company today
announced the signing of eight new retail leases in Newport, NJ. Retail leasing has continued to
boom in the live-work-play neighborhood, where nearly 27,000 square
feet of new space has been signed since 2023. The new tenants
include national boutique recreation studio PingPod, a regional
Greek restaurant debuting its first location in Jersey City, Efi's Gyro, a local staple
expanding within the area, Roast'd Coffee, local businesses opening
their first outposts, Blue Anchor Bar and Kitchen, Stylebegin
Barbershop and Pawsome pet spa, a New
York restaurant opening its first Jersey City location, Dunhuang Food, and a new
Mediterranean restaurant and bar with golf simulator suites, Solaz.
These highly anticipated retailers bring exciting new options to
the waterfront neighborhood's already diverse lifestyle and dining
scene.
"Newport continues to be a
prime destination for shopping, dining and entertainment in one of
the nation's most successful masterplanned communities," said
Ray Kawas, Director of Commercial
Leasing for LeFrak. "We pride ourselves on bringing national,
regional and local businesses into our retail spaces, as our true
downtown experience wouldn't be the same without a great mix of
both established and emerging concepts. We're thrilled that tenants
like PingPod, Roast'd Coffee and Efi's Gyro recognize the value of
establishing a footprint in this vibrant, thriving
neighborhood."
Several of the retailers are open in the neighborhood, with
PingPod and Roast'd Coffee proving highly popular among
Newport residents. Dunhuang Food,
a New York restaurant serving
signature dishes inspired by Northwest
China, has also attracted many visitors to its
2,981-square-foot location on the ground floor of The Beach
residential building since opening this spring. Seafood restaurant
Blue Anchor Bar and Kitchen, which signed a 2,210-square-foot lease
at The Beach, is slated to open this summer, as is Greek restaurant
Efi's Gyro, which signed a 2,746-sqaure-foot lease in Newport's forthcoming residential building
debuting next month. Blue Anchor
will feature indoor and outdoor space, including patio seating
overlooking the Hudson River and New
York skyline, and will offer fresh lobster rolls and other
seasonal offerings.
The retail openings will continue throughout the fall, with the
1,075-square-foot Stylebegin Barbershop slated to open at 119 River
Drive and pet spa Pawsome opening at 2,441-square-foot space on the
ground floor of the upcoming residential building. Solaz, a new
Mediterranean restaurant with a bar and three golf simulator
suites, signed the largest retail lease, a 10,640-square-foot space
at the Pacific residential building, on track to open in 2025.
"We are truly happy and honored that the Newport community have given us such a warm
welcome," Romie Alcebar, owner of Roast'd Coffee. "We are
especially thrilled that our Newport customers have been open to trying out
our different coffee offerings and brewing methods and learning
about our craft. Our commitment to excellence in every coffee
cup, and our philosophy of cultivating connections and fostering a
community where quality and warmth converge, perfectly align to
Newport's rich culture and
socioeconomic demographic."
These retailers are a welcome addition to Newport, where residents, visitors and office
tenants have long enjoyed local favorites like Komegashi Too, Fire
& Oak and Los Cuernos. The seven lease-signings come as LeFrak
continues to infuse Newport with
programming that engages the community, including the wildly
popular seasonal pickleball courts and annual Newport Skates
pop-up, as well as the recently introduced partnership with Envoy,
the sustainability-oriented electric vehicle-sharing platform that
provides Newport residents with
exclusive car-sharing benefits, including access to Envoy's
dedicated Tesla fleet located on-site in Newport.
Spanning 600 acres along the Hudson River, Newport is a vibrant live-work-play community
with 15 residential buildings and eight state-of-the-art office
towers that provide eight million square feet of office space for
major employers. In addition to stunning water and skyline views
and easy access to Manhattan,
Newport is sought for its diverse
lifestyle amenities, including the sports and wellness offerings at
Newport Swim & Fitness, shopping at Newport Centre Mall and The
Newport River Market, recreation at Newport Green and year-round
community programming.
For additional information on Newport, please visit
https://www.newportnj.com/.
About LeFrak
LeFrak is a preeminent, family-owned
property company committed to community development and long-term
ownership. LeFrak affiliates own and manage an extensive
portfolio of real property concentrated in the New York/New
Jersey metropolitan area, as well as South Florida, Los
Angeles and throughout the West Coast. Through its
affiliated companies, LeFrak has developed and built the majority
of its real estate portfolio and is one of the world's leading
property firms. The firm is acclaimed around the globe for the
quality of its projects and its properties, its financial strength
and conservatism, its entrepreneurial business model and its
commitment to long term ownership. Although primarily focused on
the residential and office sectors, LeFrak affiliates also invest
in numerous hospitality, retail assets, securities, private
businesses and energy. www.lefrak.com
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SOURCE Newport Associates Development Company