Here’s A Copy of The Roosevelt Island Main Street Retail Master Lease Agreement Between RIOC and Hudson/Related

Finally obtained a copy of the Roosevelt Island Main Street Retail Master Leasehold Agreement between the Roosevelt Island Operating Corp (RIOC) and Hudson/Related. Here are some key provisions. (Click in text area to enlarge). RIOC is the Sublandlord and Hudson Related the Subtenant.

From Section 32 Miscellaneous:

The rent roll for existing Main Street tenants,

the guaranteed rent from Hudson/Related to RIOC (Page 56 Exhibit G),

and the participation rent.

Not to mention the provision terminating the Seniors/Disabled Shoppers Bus.

As reported in these previous posts , the Seniors/Disabled Shoppers Bus has received a temporary reprieve until at least 75% of the vacant stores are leased. Click here for the entire Master Leasehold Agreement. Click here for the recommendations from the retail study referenced in paragraph 4 of the Main Street Retail Master Leasehold Agreement.

UPDATE 11/6 – You can search for text within the Main Street Retail Master Leasehold Agreement here.