ZAPOLSKI REAL ESTATE FIRST STREET NAPA PROPERTY SEES 129% INCREASE IN RETAIL TRAFFIC IN 2021
With 26 new leases since 2020, the property is approaching 90% occupancy
New tenants include Grammy-winning artist John Legend’s LVE Lounge wine collection, Anthropologie, Chateau Buena Vista, Vineyard 29 and Todd Humphries’ kitchen door
NAPA, Calif., May 20, 2022 /PRNewswire/ — Zapolski Real Estate today announced that retail traffic grew 129% for TTM 2021 at its Napa First Street commercial building located downtown Napa. Zapolski redeveloped Napa First Street as a “destination experience” concept. With a total of 26 leases signed since 2020 and to date, Napa First Street will reach approximately 90% occupancy by this fall. The property continues to see extremely strong demand from national and local commercial tenants as travel to Napa Valley continues to increase.
Zapolski Real Estate announced new and expanded leases to its Napa First Street goods:
lululemon doubles the size of its current footprint to 4,773 square feet to create a vibrant retail presence along First Street downtown Napa which will open in September
Grammy-winning artist John Legend’s Legend Vineyard Exclusive (LVE) wine collection, known as the LVE Lounge, will open in late fall
Napa favorite restaurant Compline is expanding its presence after signing a second 1,845-square-foot lease for its first-ever Compline Wine Shop and opening in October
Chief Todd Humphries’ Opening of the Kitchen Door restaurant June 7
Mecox has moved to a new permanent suite at 1300 First Street
State & First opened in a new, modernized location
Habituate moves to a new, upgraded, permanent suite at 1300 First Street
Mason Verbena leases 1,970 square feet, opens July
VonSaal ADJUNKT has signed a lease for 2,573 square feet and opens in August
Brown Estate Winery has signed on for a second location taking up 1,626 square feet and opens in October
Michael McDermott Selected Works Gallery Leases 1,883 Square Feet, Opens June
“We are seeing very strong and sustained retail traffic as a local Napa consumers and tourists are resuming shopping, travel and vacation activities,” said Todd Zapolski, Principal Member and Manager, Zapolski Real Estate LLC. “We are thrilled to host so many national and local retail stores, tasting lounges, entertainment, art and hospitality venues that elevate the ‘destination experience’ concept we offer to our Napa First Street patrons.”
In March 2022Zapolski Real Estate announced a new relationship with di Rosa Center for Contemporary Art to showcase art and sculpture installations in the new “Artist Alley at Napa First Streetas part of a program for visitors to celebrate the arts.
Since the end of 2017, Napa First Street revitalized the retail experience in the historically quiet downtown Napa region. Today, Napa First Street is the hottest new must-visit destination for retail, food and beverage in Napa Valley and offers an immersive experience that includes cultural art exhibits, outdoor entertainment, and more. The property was developed by Zapolski Real Estate LLC in cooperation with Trademark Properties.
About Zapolski Real Estate
Zapolski Real Estate LLC is a privately held, fully integrated real estate investment, development and management company with a geographic focus on the East Coast and Northern California. The company was founded by a real estate veteran Todd C. Zapolski. The Company is focused on the acquisition, development and redevelopment of commercial, office, multi-family and mixed-use properties. We seek opportunities that maximize the use of our equity resources, sources of debt, expertise and capabilities. To visit www.zapolskire.com and www.firststreetnapa.com.
SOURCE Zapolski Real Estate