Coveted corner hits market.Newmark Retail is marketing a coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. corner at One 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. that is expected to be snapped up by a high-end market or restaurant. "With all of the new [residential conversions] in the neighborhood, we really think the space is going to go to a Dean & DeLuca, Wholefoods-type tenant," said Jeffrey D. Roseman, executive vice president of Newmark Retail, who is marketing the space on behalf of the landlord, SL Green Realty Corp. "There has been a tremendous shift in the retail market in Midtown South. With all of the new residential properties emerging, in addition to the combination of office buildings and hotels in the immediate area, this has become a very sought after neighborhood for retailers and restaurateurs." The site, which is located on 23rd Street between Madison Avenue and Park Avenue South, offers approximately 8,800 s/f of ground floor space, with 100 feet of frontage on 23rd Street, lending itself to a division as well. Newmark Retail took over the marketing of the space following the sale of the building by MetLife to SL Green earlier this year. SL Green is converting the upper tower to luxury residential with the remainder of the building remaining as office space. The Gift Building at the north end of Madison Square Madison Square is a neighborhood on the East Side of the New York City borough of Manhattan, centered on a 6.8 acre (2.75 Hectare) public park in the New York City borough of Manhattan, named for James Madison, fourth President of the United States and co-author of the United Park has already undergone residential conversion with the International Toy Center following suit and this residential activity coupled with the already strong office base has pumped new life into the neighborhood's retail market, which has exploded in recent years with such big names as Best Buy, Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box and PC Richards all setting up shop there. Restaurateur res·tau·ra·teur also res·tau·ran·teur n. The manager or owner of a restaurant. [French, from restaurer, to restore; see restaurant. , Danny Meyer's success there has also acted as a magnet for other high-end restaurants that now clutter the area. "This is a very hot neighborhood," said Roseman. "We are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the type of tenant that will help the neighborhood." |
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