Megu’s Trump World Tower Grand Opening Event

BROOKLYN BANK TO GET BORDERS      Lois Weiss     Last Updated:     Posted: 12:00 AM, April 26, 2006  THE book chain Borders, has signed a letter of intent for the 32,000 square foot, three-level former banking hall of the Williamsburg Savings Bank in Brooklyn.  The space is absolutely spectacular and is similar to the various Cipriani bank halls. The hall sits at the base of the 34-story, 1927 limestone-clad building whose gold-domed clock tower is a landmark in downtown Brooklyn.  It's also located at the epicenter of shopping between Atlantic Center and The Brooklyn Academy of Music. Now dubbed One Hanson Place, the tower is being turned into - what else - 216 luxury condos. Developers, The Dermot Company, partnered with Earvin "Magic" Johnson's Canyon-Johnson Urban Funds to create the project.  We hear Jeffrey Roseman at Newmark Knight Frank is representing the ownership, which is asking $2 million a year in an area where ground-floor asking rents are $100 to $150 a foot. Ginny Pitarelli of Madison HGCD is bringing the booksellers to the building. Neither returned calls for comment.  *  Downtowners will be delighted that Rocky Aoki's upscale Sushi chain Haru has signed to open a 6,100-foot sushi palace at One Wall Street Court.  The 1904 building is the former Cocoa Exchange. Its upper floors are now 126 luxury condos. This will be the sixth Haru Sushi in New York City.  Haru, owned by Aoki's Benihana chain, was represented by Kenneth Hochhauser of Newmark Knight Frank. Darrell Rubens of Winick Realty Group represented the building owner. Asking rent for the triplex was $100 a foot.  The space has 4,200 ground feet, 1,400 mezzanine feet and 700 little basement feet.  Aoki, turned up at the opening of rival Hiro Nishida's Megu at Trump World Tower last week to enjoy the Kobe beef, along with Donald Trump, Donald Jr. and his wife, Vanessa Haydon, comedian Steve Harvey, singer Mary J. Blige, Sopranette Jamie-Lynn Sigler, and Knicks disappointment Stephon Marbury were also there. Also holding court in the V.I.P. area was Megu's and Trump's exclusive broker Kim Mogull, who is expanding Megu nationally.  *  Oxford University leased the entire 32nd floor of 10,072 feet for 10 years at 500 Fifth Ave. Pat Gardener of CRESA brought in the tenant while Harry Blair and Sean Kearns of GVA Williams repped the owner.  "This has great views and a high floor," said Blair. The asking rent for the floor was $50 and they shook hands in January. "If we had it today it would probably be higher," said Blair. The university is now housed with the Oxford University Press in the former Altman's building but is getting squeezed out.   *   The guys at Cohen Brothers Financial think it's a hoot to have leased offices in the unrelated Cohen Brothers building at 135 E. 57th St. for the next 10 years.  "They make jokes that everyone who comes to visit thinks they own the building," said David Emden of PBS Realty Advisors, who represented the Cohen Brothers renters along with his father, Bob Emden.  The boutique investment-banking firm recently hired a Merrill Lynch hotshot who brought in a dozen employees. That made its current 3,500-foot quarters at 450 Park Ave. under sister company, Taberna (which remains there), so instantly overcrowded that the 40-person division had to move to temp space on the 10th floor of 135 E. 57th. The real deal is for the entire 21st floor of 12,800 feet at an asking rent of $75.  Emden Sr. says, "The Plaza district has turned asking rents into taking rents, and there doesn't seem to be an end in sight." In parts of the Plaza district there are bidding wars among three to four tenants over the same well-built out spaces, he added.  The Cohen Brothers building was repped by Frank Doyle and Jay Lapham of Jones Lang LaSalle.  *  Kenneth Aschendorf and Berndt Perl of APF Properties are buying the 22-story, 112,000-foot 286 Madison and the six-story, 37,000-foot 290 Madison Ave. from SL Green Realty Trust for $63 million.  Green will have a $30 million gain. The price tag comes to $420 a foot and includes 47,000 feet of air rights that eventually will be used to add floors on 290 Madison, said Perl. APF is also selling 47,000 feet of air rights at 1156 Ave. of the Americas for $14.9 million to Waterscape Properties.  As we previously told you, SL Green Realty Trust is taking an interest with Jeff Sutton in 609 Fifth Ave., along with 25, 27 and 29 W. 34th St.  It appears from CoStar Group data that the 34th Street buildings could be redeveloped. That would pave the way for the Apple deal at their 21 W. 34th St. building next door. Richard Baxter and Ron Cohen from CB Richard Ellis handled the Green deals.  *  Some folks gobbled up too many development sites and are now bailing out.  Once you own it and start going through the pre-development process, you have to keep paying your lenders for it, whether there is income or not. But that gives others opportunities.  David Junik of Greiner-Maltz is marketing a 410,000-foot site in Brooklyn for $77 million that comes complete with approvals for seven residential buildings. "The nearly full-block parcel has frontage on Gold, Prince, Tillary and Concord Streets," Junik said.