Brand names are now demanding downtown locations.Earlier this year, I wrote about downtown retail real estate making a comeback and highlighted deals such as Bloomingdale's taking space at 504 Broadway. Since then, as New York's economy continues to rebound, downtown leasing has surged. At 111 Broadway, upscale menswear mens·wear also men's wear n. Clothing for men. menswear Noun clothing for men menswear n → confección f de caballero specialist Hickey Freeman Hickey Freeman is a manufacturer of suits for men and boys, based in Rochester, New York, and founded in 1899. The Hartmarx Corporation bought the company in 1964. For many years the company was one of the last suit manufacturers to make all their clothing in the United has leased 4500 square feet. The world-renowned steakhouse, Bobby Vans Bobby Van (December 6, 1928–July 31, 1980) was a musical actor probably best known for his career on Broadway in the 1950s and 1970s. Bobby Van was born Robert Jack Stein , has leased the former Vine Bar at 25 Broad St., taking over 12,000 square feet on two floors. We recently brokered a 1,400 square-foot lease at 63 Wall St. for Starwich, a sandwich shop tailored to a sophisticated crowd. The store's business is booming--the place is always crowded during lunchtime and recently extended its hours from 7 a.m. to 11 p.m. to accommodate area residents. Daffy's, an apparel store that advertised "clothing bargains for millionaires,' recently opened an 18,000 square-foot store at 50 Broadway. A major deal at 48 Wall St. with a very upscale name tenant is in the works. A top 10 restaurant, as rated by Zagats, is negotiating for space at One Wall Street Court. The space is located at the base of a residential conversion with 240 apartments. The lobby at 100 Maiden Lane, a building that has never before contained retail space, is undergoing major construction for a brand new retail hotspot that will rest below 480 apartments. We've all heard conflicting reports on the National Sports Museum The National Sports Museum (NSM), expected to open in April 2008, is dedicated to the history and cultural significance of all sports. The museum will be located in Lower Manhattan at 26 Broadway (at Bowling Green) New York, NY 10004. coming to Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North . If the museum, backed by $52 million in Liberty Bonds, does indeed come to downtown, it will be a great economic boon. Gov. Pataki's office estimates that spending by visitors at the museum will reach $37 million, thereby creating 685 jobs. The museum, catering and restaurant operations and visitor spending will generate $73 million in economic activity throughout New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , along with 1,020 full-time-equivalent jobs. The state and city will be helped by a one-time tax revenue boost of $3 million from construction, and more than $4 million from ongoing operations. The Alliance for Downtown New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of predicts that by 2008, the residential population in this 0.34-square-mile area will almost triple to 62,000 from 21,000 this year. If so, they will need a 24/7 neighborhood in which to shop, eat and explore. Although still a bargain compared to Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town , the downtown market is heating up. The time to lock in lease rates is now! Downtown retail is back. And I'm proud to say our firm stands at the forefront of downtown's retail growth. |
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