Private Social Club Takes Three Floors in Noho
BY REBECCA BAIRD-REMBA OCTOBER 17, 2018 11:42 AM
A private club is moving into what was once a Brooks Brothers store and factory at 0 Bond Street in Noho.
A company headed by restaurateur Scott Sartiano inked a 15-year lease for 20,000 square feet at the five-story commercial property owned by Paramount Group between Broadway and Lafayette Street, The New York Post reported. The three-level club, dubbed Zero Bond, will be a “will be a members-only urban lodge and social workplace,’” Sartiano told the Post. The amenities will include a coworking space, a restaurant, a bowling alley and a rooftop terrace. Asking rent for the space, which includes part of the fourth floor and all of the fifth floor and roof, was $2 million a year.
Work on the venue is expected to begin in December and wrap by spring 2019.
Current Real Estate Advisors’ Adam Henick and Brandon Charnas represented Sartiano’s entity, ZB Noho LLC, in the deal. Paramount handled the deal in-house and declined to comment through a spokesman.
“We’re very excited to have represented Scott in his successful pursuit at Zero Bond and can’t wait to see everything that unfolds at the space,” Henick told Commercial Observer.
Paramount Group put the late 19th century red brick commercial property, also known as 670-674 Broadway, up for sale last month, CO reported. The firm purchased the building for $112 million in 2015 and leased the ground-floor retail space to Equinox later that year. Equinox recently sued Paramount for signing a 27,500-square-foot deal in the building with Bandier, a competing chain that operates fitness studios and sells workout attire.
Brooks Brothers opened one of its first New York City stores in the building in 1874 and briefly produced its clothing in a garment factory upstairs, as The New York Times noted at the time.