Garrick-Aug exclusive agent for Bow/Tie in Times Square.In a major coup for Faith Hope Consolo, vice chairman, and Joseph A. Aquino, managing director of Garrick-Aug Worldwide, the two partners have been awarded the exclusive retail leasing agency for one of the city's most desired properties, the BowTie Building, in the heart of Times Square. The 135,000 square-foot BowTie Building is one of the last major pieces in the revitalization of Times Square, with 200' of frontage on Broadway between West 45th and West 44th Streets. This three-level building with 45,000 square feet each in the basement, first and second floors, can be easily divided among several users. "This is a prized location, near the new ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. Good Morning America Good Morning America is a weekday morning news show that is broadcast on the ABC television network. The show was adapted from The Morning Exchange, a morning show created by and airing on the ABC affiliate in Cleveland, Ohio, and was launched nationally as Studio, the MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. studio, the giant NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on ticker, AllStar Cafe, ESPN ESPN Entertainment and Sports Programming Network Sports Zone, the new Conde Nast Building and many Broadway theatres," says Aquino. "At a time when retail spending in Times Square has skyrocketed 88 percent [*] during the past eight years to reach $1.6 billion annually, the availability of the BowTie Building represents s a last opportunity for a retailer, restaurant and/or TV network to get a piece of the Square," notes Consolo. "Anyone who needs a high visibility location with quality, high volume foot traffic is dropping the ball if they don't consider the BowTie location," she adds. "In the past ten years, Times Square has gone from a honky tonk retail backwater to one of New York's most expensive retail addresses, commanding rents averaging $350 per square-foot, as the area attracts more tourists and office workers while developing a family-friendly atmosphere," explains Aquino. "There are only a few comparable locations to this in the world." "With a billion dollars of hotel, office and retail development now underway in the 42nd Street corridor, this area has even greater upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar for spending by tourists and New Yorkers alike," concluded Aquino. Situated on the eastern block front of Broadway facing Times Square, from West 44th Street to West 45th Street, the BowTie Building also has a sign for lease on the corner of West 45th Street. The property was once known as the Bond's Building. (*.) A new study by Robert Pauls LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control measuring spending patterns for general merchandise, apparel, furnishings, eating and drinking, convenience and service goods in the Times Square area between 1991 and 1999. It excludes entertainment and lodging. |
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