C&W's third quarter Manhattan retail overview.Home Depot's commitment to two big box locations in Manhattan: 83,000 s/ f space at East 59th Street and Third Ave and 108,000 sf in Chelsea, mark the two most significant deals in the third quarter of 2003. Other big box retailers such as Target, Kohls, Costco and the biggest box of all, Wal-Mart, are exploring NYC NYC abbr. New York City NYC New York City as well. Demand in Madison Avenue/Fifth Avenue/57th Street continues to be healthy, most particularly, on East 57th Street where Furla and Mont Blanc Mont Blanc (môN bläN), Alpine massif, on the French-Italian border, SE of Geneva. One of its several peaks, also called Mont Blanc (15,771 ft/4,807 m), is the highest peak in France and the second highest in Europe. recently completed transactions. At the intersection of Fifth Avenue and 57th Street, there is limited availability When customers of the PSTN make telephone calls, they commonly make use of a telecommunications network called a switched-circuit network. In a switched-circuit network, devices known as switches are used to connect the caller to the callee. and rents hover at around $850 per square foot (psf). Further north on Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , inventory for smaller units do exist and quoted rents are $200 to $600 psf. Yves Saint Laurent Rive Gauche opened a flagship store at 3 east 57th Street in September. The space was previously occupied by Levi's. Mont Blanc moved and opened a new larger 4,800 sf store at 598 Madison Avenue in October. Geox USA has signed a 12-year, 750-sf lease at 595 Madison Ave. SoHo has seen retailers vacating the market, especially in the luxury category. The attrition has resulted in a decline in asking rents for units in the secondary streets of Soho, creating opportunity for larger retailers that would have otherwise passed on this market. More importantly, Broadway rents continue to remain stable as this venue is still the preferred location for national and international apparel retailers seeking a presence among their counterparts. Rents on the Broadway corridor are presently in the $150-$175 psf range. 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 retailer Haim Kedmi opened a new 22,000-sf, three level clothing shop at 512 Broadway called Michael-K. French beauty company, L'Occitane is opening a new 5,800-sf flagship store and restaurant at 92 Prince St. Indie retailer Work in Progress has moved into 513 Broadway. Font Locker signed a 1,300 s/f deal at 523 Broadway. Union Square/Flatiron: Whole Foods and Forever 21 are opening in the former Bradlees location at 4 Union Square. Forever 21 has taken space on the first two levels, and Whole Foods has signed a lease for a portion of the ground floor space and lower level. The nations largest instrument retailer, Guitar Center, has signed a deal for its first 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. location, taking 30,000 sf at 25 West 14th street. The Shops at Columbus Circle The Shops at Columbus Circle is an urban shopping mall in the Time Warner Center in Manhattan, New York City — a complex of skyscrapers that was completed in 2003. It is located at Columbus Circle, next to the southwestern corner of Central Park. , which missed its projected November opening date, will encompass 350,000-sf of upscale retail space. The Shops are on seven levels and the center has already leased 95 percent of the total space. Retailers include: Hugo Boss, A/X Armani Exchange, and Tourneau. There will also be a Williams-Sonoma Grande Cuisine store and demo kitchen, a Samsung showplace, an Equinox equinox (ē`kwĭnŏks), either of two points on the celestial sphere where the ecliptic and the celestial equator intersect. The vernal equinox, also known as "the first point of Aries," is the point at which the sun appears to cross the Health Club with an Olympic-size swimming pool and a branch of Whole Foods. Opening is now planned for Spring 2004. |
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