Express Considers 4 Times Square

NEW YORK CITY-Coming soon, youth-oriented fashion retailer Express may be joining the ranks of Ann Taylor LOFT, the Gap and Aeropostale in the heart of Times Square. Express is in talks for 45,000 square feet of retail space at the base of 4 Times Square, the former home of ESPN Zone, the New York Post reported.

Sources told the Post that the deal is not complete and could “fall apart,” but the transaction is being reviewed and awaits final corporate approval. While rents were not disclosed, the Post says Express’ price tag could range as high as $45 million a year, based on $1,000 per square-foot retail rents in the Times Square area.