NEW YORK CITY-The Hudson Companies andRelated Companies’ joint venture, Hudson RelatedRetail orchestrated new retail leases and helped current tenantsrenew their leases as part of the commercial realestate transformation of Roosevelt Island, according to astatement. The company says that due to increased residency on theisland, retail properties were in higher demandand therefore, the timing was right to go forward with theleasing.

“These new retail tenants will bring much-anticipated anddesirable services to the local community of 14,000 residentswhich, until now, had very few dining options on Main Street,”David Kramer, a principal with The Hudson Companies, was quoted assaying. “Residents will now have even greater option to shop,dine and relax without leaving the Island and we look forward tosharing additional tenant news in the near future.”

A statement from the company provided insight into the recentrenewals and signings. New retail properties include Island Spirts,a wine and liquor store, and Wholesome Direct, a gourmet andorganic natural food market. In the next leasing phase, it is hopedthat the required capital funding will come to fruition for a newlibrary branch.