Rose Associates Signs 882 S.F. Lease with Bombay Sandwich Company at 48 West 27th Street
Posted On September 4, 2013
Rose Associates has announced the signing of a 10-year lease with Bombay Sandwich Company at The Capitol at Chelsea, a luxury residential rental building located on Avenue of the Americas between 26th and 27th Streets in Manhattan.
Bruce Spiegel, senior managing director for Rose, represented The Capitol at Chelsea in the lease transaction. Bombay Sandwich Company was represented by Jessica Hoppe of Redwood Property Group.
“Bombay will be a nice addition to the other restaurants located at The Capitol and surrounding buildings,” said Spiegel. “This is a dining destination for the neighborhood, which offers a strong residential and office population that gives retailers year-round foot traffic.”
This is the first time the popular vegetarian sandwich purveyor will operate out of a dedicated storefront. The company has its roots in Brooklyn’s Smorgasburg, a collection of food and beverage purveyors that gathers at two different locations each weekend.
The Capitol at Chelsea was among one of the first modern residential towers to be developed in the area a decade ago. Bombay Sandwich Company joins Red Mango, Melt Shop, and Starbucks at the property, which is also home to a Valley National Bank and Serenity Spa. Bombay’s space is on the north portion of the building’s public plaza, which runs the full block from West 26th Street to West 27th Street. The Capitol’s commercial space is currently 100 percent leased.
About Rose Associates, Inc.
Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a full range of services designed to maximize the value of real estate. The firm oversees more than 26,000 units across New York, with approximately $2 billion in projects under development. Rose recently opened the historic skyscraper 70 Pine Street, which the firm is transforming into a luxury rental property with 644 residential units, 132 extend-stay apartments and a destination restaurant/lounge occupying the top four floors.