Rose Leases 1,150 S.F. to Cannelle Patisserie
Posted On April 10, 2014
Rose Associates has announced that it recently signed a ten-year lease with Cannelle Patisserie for an 1,150-square-foot space at The Maximilian, a new luxury rental building located at 5-11 47th Avenue in Long Island City, Queens.
Cannelle Patisserie is currently completing its build-out at The Maximilian and expects to open this summer. This will be the second location for Cannelle Patisserie, which will continue to operate its popular café in East Elmhurst.
Bruce Spiegel, senior managing director for Rose, represented the property owner in the transaction. Alexander Periera of Douglas Elliman’s Long Island City office represented Cannelle Patisserie.
“The street-level space is the only retail available at The Maximilian, a boutique luxury rental building located between Long Island City’s waterfront and the shopping and dining corridor of Vernon Boulevard,” said Bruce Spiegel of Rose. “Cannelle Patisserie will benefit from the neighborhood’s large residential population and will compliment the other restaurants and shops in the area.”
Cannelle Patisserie will serve cakes, tarts, quiches, sandwiches and coffee. Jean-Claude Perennou, principal and founder of Cannelle Patisserie, currently lives in Long Island City. A celebrated pastry chef, Perennou was educated at Le Paraclet in France and has held positions at the Waldorf Astoria Hotel, Peacock Alley and La Gauloise in Manhattan.
The Maximilian, which is comprised of 188 apartments, first welcomed residents in November of 2013. While leasing continues, the property is on track to be fully rented in the first quarter of 2014.
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.