
Story 1 — Bond Street Revival
In the mid 90s, when the New York real
estate market was suffering, Mr. Chan was instrumental in transforming
a quiet block in the middle
of the then no one even heard of the name street, Bond St., a small
block basically between Broadway and Bowery, into a fashionable and
trendy block.
How did that happen? It all happened when
Mr. Chan sold the entire strip of condo stores, then vacant for
years, of 1 — 9 Bond
St., where upstairs condo units and upper façade of the building
were used as the movie backdrop — The First Wive’s Club.
Mr. Chan then got hired as the exclusive
agent to handle the entire leasing of this strip of stores. He
first leased 15,000/sf store,
namely 1 — 5 Bond St., to a multi-state arts supplies store,
then assisted the fashionable Selima Optique opened up their boutique
store here by artfully negotiated a lease-with-option-to-buy transaction
to overcome the last minute breakup of a lease negotiation, then
proceeded by helping Creed, a Paris based and prestigious perfumery,
to launch their first corporate store on Bond St.
The whole street was beginning to shape up and now turning into
one of the most chic shopping street of the exciting New York City,
a City that Never Sleeps, a fashionable mecca from clothing to exclusive
scent, and now adding a trendy Sushi Supper Club rivaling the famed
Nobu Restaurant owned by Robert De Niro. Mr. Chan has made millions
for the property owner whom he sold the units to and this owner has
since then refinanced these units to more than quadrupled on the
value, and bought another even bigger piece of property. Is there
a more easy way to make money than that?
Story 2 — Cabana
Restaurant, South Street Seaport
Back in the 90s when the South Street Seaport, while an interesting
place to stop by, could hardly maintain a vibrant tenancy mix. Mr.
Chan was instrumental in making one of the signatures deals for Cabana
Restaurant Chain (a vibrant New York turned Florida restaurant chain)
which occupied the entire Liberty Statute wing of the Pier at the
Seaport on the 3rd floor, normally would have been a hard-sell for
a restaurant location.
Well, the rest is a success story of its
own. The restaurant is doing fantastic, survived the 911, and not
only surviving but now
a full bloom into a multi-cultural exchange and cool place to wine
and dine which has made both the landlord and the tenant very happy — a
deal created by Mr. Chan as if a marriage was made in heaven. All
that was started by Mr. Chan’s intuition of bringing in the
right tenant to the right location, paired up with the right concept.
Story 3 — Estée Lauder ORigins
When the powerful American cosmetics mogul
Mr. Lauder of Estée
Lauder Company wanted an all herbal based and organically engineered
skin care line, he spared no expense by creating one of the most
successful all natural skin care line called Origins, form inception
to packaging and to launching the line.
When Origins wanted to break into the European market in the late
90s, Paris to name an example, Mr. Chan was retained as market entry
and retained as the store site analysis consultant and was flown
to Paris and London to study the various possible sites and recommended
the best launching platform. Today, Origins is famous all over the
world and rivaling Clarins and The Body Shop, its European counterparts
that for a long time have dominated the world markets on natural
skin care products line.
Story 4 — Swissotel La Defense
There is no real estate requirement that is too big or too difficult
when there is a will, says Mr. Chan. When Swissotel was contemplating
to build a 5-star businessmen hotel to accommodate the 5 flights
a day it has of moving visitors and travelers from all its major
hub cities in Switzerland into Paris, looking for a suitable site
for a 250-key newly built hotel can be a headache due to Paris’ moratorium
in building skyscrapers in the town center. Mr. Chan did not give
up, after some intensive search and analysis he found the solution
by taking Swissotel to La Defense, a designated area that is zoned
for high rise just minutes by metro subway from the city center and
the heart of Paris to build its hotel. Not only the site was procured,
Mr. Chan even went further by making the introduction and forming
an ally of Swissotel with a locally prominent organization S.A.R.I.
who dominates high-rise buildings in La Defense. It would have been
a perfect match again if not of sudden turn of international route
restructuring. When there is a will, there is a way is Mr. Chan’s
motto.
Story 5 — China Buffet, Cross Road Tower
Back home in the States, and even before people heard of buffet
restaurant as an everyday household eatery, Mr. Chan was instrumental
in bringing China Buffet, a 14,000/sf requirement, to lease up the
entire formerly Red Robin Site that was vacant for 3 years in the
Cross Road Tower over the Kew Gardens Subway station in Queens. Mr.
Chan pride himself in making difficult space a success by matching
up with the right concept and structuring the right deal.
Story 6 — East BUFFET, Motel & Mall, Elmhurst
Riding on the wave of success of bringing Asian tenants into the
mainstream American society and locations, Mr. Chan has helped East
Buffet to launch its several signature locations like the one on
Elmhurst, a 30-year triple net lease of over 100,000/sf combining
the restaurant and warehouse operations. Mr. Chan structured a lease
with an option for expansion by phases. Not only was the tenant that
he represented happy but the landlord was even happier when the lease
turned into a 49-year deal. Now the tenant will build a motel and
shopping mall on this site on the warehouse portion. This is one
big happy ending!
Story 7 — Seafood Restaurant operationS
group, Flushing
When the oldest and the
most popular Seafood Restaurant operation group in Flushing wanted
to find an alternative
site so that the
site they owned can be used for future development, Mr. Chan was
retained as the tenant’s rep to search for the right deal.
Mr. Chan spotted an old warehouse type of building with a store
front, which clearly is not doing what it is supposed to be doing
for the ownership, and approached the landlord and structured a 30-year
triple net lease deal, with over 100,000/sf, with a G.L.V. reaching
over $60 millions and was and still is by far the largest leasing
transaction occurred in the crowding downtown Flushing where a storefront
5 years ago already reached over $100.00/sf based on a deal Mr. Chan
had done at the corner of 39th Ave and Main St. in the area.
Mr. Chan then, as the exclusive marketing agent, assisted the sub-landlord
in negotiated the entire 4th floor to a rated tenant for a 15-year
deal, assisted and pioneered structuring the 3rd floor to an Asian
Spa, the 2nd floor is being used as a catering hall by sub-landlord
and the ground floor and basement farmed out to a mall operator.
Another successful project that has become the talk of the town.
Story 8 — East Lake Plaza, FLUSHING
Banking on the success of the largest NNN lease
deal just completed in downtown Flushing, Mr. Chan won the exclusive
marketing rights
of a 250,000/sf brand new luxury mix-use project, the first ever
in downtown Flushing, to be built on the former East Lake Restaurant
site, over a little over an acre. Facing with fierce competitions
by other major brokerage houses, locally and nationally, Harvest
International won the final round in exclusive marketing rights selection
due to one difference in the presentation Mr. Chan made, i.e. Mr.
Chan was able to devise a sensible and viable tenancy-mix leasing
plan with a theme and thus winning the confidence of the entire board
of directors of this project. How well this project will do remains
to be seen but with dedication, commitment and a keen eye on the
art and science of landlord and tenant matching, Mr. Chan is fired
up and moving with full steam ahead to make another success story
yet to be told…...
STORY 9 — 380 Nothern Blvd, Great Neck
Another recent closed of the sale by Mr. Chan for 380 Northrn Blvd, Great Neck NY, is in the most sought after Gold Coast section of the affluent North Shore of Long Island on 02/27/07. The building was the formerly Bombay Restaurant consisted of 16,500/sf approx on just slightly over 30,000/SF plus of land. The buyer, being represented exclusively by Harvest International in this transaction, is the long time customer of Mr. Chan, and once again another milestone of fufilling the dreams and wishes of Harvest International’s customers who desire to expand and grow.
top of page
|