Cultural and commercial epicenter of Williamsburg continues ascendance
Lee & Associates and Brown Harris Stevens announced that The XX House will be launching its first private space at 61 North 11th Street in Williamsburg. Corey Horowitz and Justin Myers of Lee & Associates represented landlord CW Realty Management in the 15,479-square-foot lease, while Wendy Maitland, Emma Maitland and Wyatt Bertz of Brown Harris Stevens represented The XX House. The asking rent for the space was in the high $60s per square foot.
CW Realty acquired the three-story, vacant warehouse in 2017, and is currently converting it into a lifestyle-oriented mixed-use property with commercial and retail space. The building is located adjacent to the Wythe Hotel in prime North Williamsburg and is poised to continue the area’s evolution into Brooklyn’s most vibrant locale.
“This is one of the most significant cultural and entertainment neighborhoods within New York City, and the entrance of a cutting-edge innovation hub like The XX House will only increase the area’s prestige,” said Horowitz. “This lease is one of the largest office signings in Williamsburg in many years, and the collaborative use aligns extremely well with our vision for 61 North 11th Street.”
The XX House is a brainchild of Rachel Vestergaard along with Allison Rapson and Kassidy Brown, founders of “We are the XX,” a female-focused production studio and creative agency, The XX House will be a community where female creators come together to join forces, share innovation and connect at the highest level. The space is expected to open in the third quarter of 2018.
“We are building an elegant space architected for women to thrive on every level, embrace their leadership and amplify their creative prowess,” said Vestergaard.
Rapson added: “After years of working in the women’s space and traveling the world documenting how feminism is expressed across cultures, it became evident to us that the ingenuity of women is a powerful force necessary for unlocking the solutions and changes most needed at this time.”
Added Brown: “Williamsburg has been our home base for years and there is no better neighborhood in the world to launch the headquarters for The XX House. Wendy, Corey and their respective teams have been a dream to work with and we are delighted to be surrounded by such fantastic neighbors in North Williamsburg.”
The XX House’s space will feature wood floors, 18-foot ceilings, skylights, unobstructed views of the Manhattan skyline and access to an incredible roof deck.
“I’m thrilled that we secured this gem for The XX House’s flagship location. Its visionary leaders sought a unique space that would reflect the sensibilities of its creative, entrepreneurial clientele,” said Maitland. “The property’s ‘bones’ – including its large, open floor plan and high ceilings - will give its creative, entrepreneurial members inspiration to collaborate and flourish in an expressive environment, while the developer’s comprehensive capital improvements campaign will offer the XX House community a full range of modern amenities in a special building brimming with history at the nexus of prestige in Brooklyn. The confluence of these attributes is unavailable in any space built from the ground up today.”
The property is located between Kent and Wythe Avenues, directly across the street from the 500,000-square-foot office building under construction at 25 Kent Avenue, which will further establish the area as a commercial hub. It is also within blocks of iconic Williamsburg entertainment venues including the Brooklyn Bowl, House of Vans and Brooklyn Brewery.
About The XX House
The XX House exists to support the elevation of women to lead, innovate, and connect at the highest level. Founded by Allison Rapson, Kassidy Brown, and Rachel Vestergaard who believe women hold the solutions to the world’s most urgent issues – from gender inequality, to economic disparity, to the degradation of the environment. Across the globe, women are changing the way power is expressed and leadership is experienced The XX House will be their meeting place.
About Lee & Associates NYC
The New York office of Lee & Associates, and its affiliated company Sierra Real Estate LLC, provides a full array of corporate advisory and commercial real estate services, including office and retail brokerage, sales and investments, and project and property management. Together, the firms have more than 85 real estate professionals in its 600 Madison Avenue headquarters office. Additional information is available at www.leeassociatesnyc.com
About Lee & Associates
Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link our company blog.
About Brown Harris Stevens
Brown Harris Stevens is the quintessential luxury residential real estate firm, with a history of leadership and a culture of professionalism and discretion dating back to 1873. At every level of Brown Harris Stevens, you will find highly experienced, knowledgeable experts, single-mindedly devoted to your interests and your satisfaction. With offices in New York City, The Hamptons, Palm Beach, and Miami, the firm’s brokers lead the field with the quality of their work ethic, their outstanding success rate and the sheer quantity of their transactions.
About CW Realty Management
CW Realty Management is one of New York City’s premier real estate development and investment firms, with 17 years of experience creating sought-after properties across Manhattan, Brooklyn and Queens. Led by veteran New York City developer Cheskie Weisz, the firm currently owns a portfolio of 90 residential and mixed-use properties.
CW Realty Management successfully executes its unique investment strategy across New York, delivering value to commercial and residential tenants as well as the firm’s investors. Leveraging its proven track record of identifying up-and-coming neighborhoods, CW Realty excels at acquiring properties with untapped potential and implementing rehabilitation projects or ground-up construction to help these properties revitalize the city. The firm recognizes the culture and evolution of each neighborhood, and develops architecturally appealing spaces that reflect the character and history of the surrounding area.