Mogull Represents Hotel Gansevoort in the Meat Packing District

ARMANI STORES EXCHANGE HQ ; ARMANI'S EXCHANGE      LOIS WEISS     Last Updated:     Posted: 12:00 AM, May 12, 2004  ARMANI Exchange is exchanging headquarters.  The fashion giant's mid-priced spin-off is giving up its 17,500-square-foot digs at 55 Fifth Ave., located at 12th Street in Greenwich Village, and taking a 40,000-square-foot spread at the jumbo, full-block 111 Eighth Ave. in Chelsea.  Armani was represented by Alan Napack of Cushman & Wakefield in its move from a building known as the home of Benjamin Cardozo Law School to the edgier property, which has a mix of communication, fashion and advertising tenants.  The former Port Authority Building at 111 Eighth is owned by a joint venture of Taconic Partners and the New York State Common Retirement Systems. Taconic Management, along with Brian Gell of CB Richard Ellis, represented the ownership.  Susan Dell, the wife of computer entrepreneur Michael Dell, recently signed on for 12,000 square feet for her own fashion firm.  *  The Time Warner building has something new for its bottom.  Calvin Klein Underwear has leased the very last prime space in The Shops at Columbus Circle, at the base of the Midtown towers.  The fashion firm signed a 10-year lease for approximately 800 square feet on the main corridor, where it will peddle its body-clinging boxers between Stuart Weitzman and Blair Demonica shops.  According to the Calvin brokers, Jim Saunders of Newmark and Amira Yunis of Newmark New Spectrum, the shop is only the line's second in the country; the other is on Prince Street in SoHo.  The mall was represented in-house at Related Cos. by Mitch Friedel. Asking rents are among the unmentionables.  "This is a high-end center with the kind of office tenants and retailers of the same ilk as Calvin Klein," said Yunis.  *  The Hotel Gansevoort is filling its last space with a high-end 5,500-square-foot Japanese-inspired spa to go with its Japanese-inspired Ono eatery upstairs.  The hotel had originally planned a ground-floor entrance for the spa, which would then lead to the lower level. The cutout to the lower level had already been carved out when retail broker Kim Mogull was hired.  "I had them slab it up," Mogull said.  That valuable ground floor store was then rented to the just-opened Henry Beguelin.  Lower-level space is being rented between $20 and $35 a foot in the area.  "Now we have what we wanted for the lower level," said Mogull, chairman of Mogull Realty. "We were really selective and sifted through many offers."  Masaatoshi Yamamoto of Sun Pop International represented the spa, which is owned by a doctor and his partner.  The new Spa at The Gansevoort will offer laser skin treatments, massage and other treatments.  Spa clients will now pass through the hotel lobby to the space, which has been designed by Robert E. Henry - architect of the spa at Donald Trump's Mar-A-Lago Club in Palm Beach as well as A Jeune on Third Avenue.  The Meatpacking District's new soft spot should be open in the fall.  *  Further up the West Side, you can also cross off the last available ground-floor space at the Biltmore residential tower at 770 Eighth Ave.  Blues, an apparel company that primarily sells jeans, signed a 15-year lease for 3,200 square feet at more than $100 a foot.  The building is owned by a joint venture of the Jack Parker Corp. and Joe Moinian.  Jacob Sinai of Valenci Realty repped Blues while Mogull worked on behalf of the Biltmore.  Still available, Mogull said, is 5,000 square feet on the second floor and 7,500 square feet on the third floor.  Both spaces have 14-foot ceilings and "huge picture windows" facing 48th Street and Eighth Avenue.  *  Apologies to those in the Newmark and Newmark New Spectrum sister companies whose affinities were mixed up last week.  Dennis Karr of Newmark along with Adam and Avery Modlin of The Modlin Group represented Jacob the Jeweler, helping to set a price and convince the longtime building owners to sell.  Paul Davidson of Newmark and Elliot Resnick of Newmark New Spectrum represented those former owners of 48 W. 57th St., where Jacob & Co. will open this fall with an expanded line of bling, watches and rainbow-reflecting diamond wares.  *  Jay Cross made his case for a new West Side Jets Stadium to the Young Men's/Women's Real Estate Association luncheon yesterday at the University Club.  Club owner Woody Johnson tagged along and sat with the team's Adams & Co. brokers.  While seat licenses remain an option, the Jets expect to raise their $800 million contribution from sales of club seats and suites, which Cross happily pitched.  Johnson told us they expect many fans to tailgate in Jersey and take expanded ferry service to the games.  * Please send e-mail