Search
 

NYC Gets Five New Retailers in Prime Locations

NEW YORK CITY-A bevy of retailers are targeting Manhattan these days, as evident in the five new leases signed for premier locations in Chelsea, Times Square, the World Financial Center and the AOL Time Warner Center, totaling approximately 46,281 sf.

By Diana M. Rodriguez | Updated on April 10, 2003

NEW YORK CITY-The Big Apple is proving it’s still a shopping haven with retailers flocking to open new locations throughout the island’s numerous consumer districts. Within the past week, five new deals have been inked for stores in the under-construction AOL Time Warner Center; the still recovering World Financial Center across from Ground Zero; the recently repositioned Chelsea Gardens mixed-use development; and the always crowded Times Square sector.

Despite the recent four-alarm fire at the $820-million AOL Time Warner Center, construction is still moving forward and the retail shops stand firm with a fall 2003 opening date, according to brokers on at least two new retail leases at the Columbus Circle property. Madison HGCD recently closed on a 26,000-sf deal for Borders Books and Music at the site and Cushman & Wakefield brokered a 9,581-sf lease for international apparel retailer 4YOU.

The new Borders, located on the center’s second floor, will feature a Dean & Deluca gourmet coffee and specialty food shop–much like it’s soon-to-open flagship store Downtown at 100 Broadway, which is slated to open this spring. Ginny Pittarelli of HGCD brokered the long-term deal for Borders at AOL.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.