REAL ESTATE

Manhattan’s Herald Square to be transformed

BY Marianne Wilson

New York — Herald Center, the giant 10-story, 250,000-sq.-ft. black glass retail and office property at the southwest corner of 34th Street and Broadway in Manhattan, is about to undergo a major transformation under long-time owner JEMB Realty. The property will be completely reclad to create a new leasing opportunity encompassing more than 50,000 sq. ft. of prime retail space at one of the most heavily trafficked, high-visibility corners in the world.

Built in 1982 on the site of the former Korvette’s discount store, Herald Center was originally conceived as a vertical mall. JEMB Realty, which acquired the property in 1986, is turning the property "inside out" in 2013, removing the black glass panels on the first three floors and replacing them with transparent panes that will enable flagship retailers to showcase their brand and goods to the more than 100 million pedestrians who pass the property each year.

In addition to the new facade on the base floors, floors four to10 will be transformed with L.E.D. panels.

Three floors of visibility as well as frontage on both Broadway and 34th Street will be available upon completion of JEMB’s multi-million dollar facade replacement plan.

"For a few lucky retailers, the new Herald Center really will be a Miracle on 34th Street," said Morris Bailey, principal of JEMB Realty. "The stunning redevelopment of our retail space creates a tremendous opportunity for a retailer to capture a remarkable audience, to take command of one of the greatest landmark locations in the nation."

Over 100 million pedestrians pass through the intersection of 34th Street and Broadway every year, and merchants in Herald Square generate over $1.3 billion in annual sales. Over 20 million shoppers visit Macy’s flagship department store directly across 34th Street from Herald Center. And over 550,000 daily commuters use nearby Penn Station.

Susan Kurland, EVP retail brokerage services for CBRE, is the exclusive leasing agent for Herald Center.

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michelmartelly says:
Mar-15-2013 08:01 am

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Good blog Taxi in London Cab in London

michelmartelly says:
Mar-15-2013 07:59 am

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A very nice blog Taxi in Tooting Cab in Tooting

buangsila001 says:
Mar-15-2013 07:19 am

It is perfect to shop here.
It is perfect to shop here. One of the largest vertical mall in Manhattan, It is located between the intersection 6th avenue and 34th street. Michael Courouleau

michelmartelly says:
Mar-15-2013 08:01 am

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michelmartelly says:
Mar-15-2013 07:59 am

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STORE SPACES

Downtown Disney to undergo major revamping and expansion

BY Marianne Wilson

Lake Buena Vista, Fla. — Walt Disney World Resort announced the multi-year transformation of Downtown Disney into Disney Springs, which will feature an eclectic and contemporary mix of stores, dining options and entertainment experiences from Disney and other noteworthy brands.

"Featuring distinctive brands, world-class restaurants and unforgettable entertainment, Disney Springs will be brought to life with the same focus on storytelling and attention to detail that goes into our theme parks, resorts and cruise ships, resulting in a welcoming space that only Disney could create,” said Tom Staggs, chairman of Walt Disney Parks and Resorts

Disney Springs will double the number of shops, restaurants and other venues for guests to explore, resulting in more than 150 establishments. Drawing inspiration from Florida’s waterfront towns and natural beauty, the project will include four outdoor neighborhoods interconnected by a flowing spring and vibrant lakefront. In addition to a new gateway with a signature water tower and grand entry, the destination will feature:

  • The Town Center, which offers a sophisticated mix of shopping and dining along with a promenade where guests can relax, refresh and reconnect;
  • A colorful and thriving commercial district called The Landing with dining and beautiful waterfront views;
  • The family-friendly Marketplace, which will combine new experiences, such as an over-the-water pedestrian causeway, along with classic Disney favorites, including an expanded World of Disney store; and
  • A West Side that provides an exuberant atmosphere with lively entertainment, along with a series of new elevated spaces that provide both shade and an overlook to the activity below.

Construction is slated to begin next month with new areas opening in phases. Disney Springs is expected to be complete in 2016.

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buangsila001 says:
Mar-28-2013 09:36 am

Fun, shopping and leisure in
Fun, shopping and leisure in one place. A great place to visit. - Michael Courouleau

buangsila001 says:
Mar-28-2013 09:36 am

Fun, shopping and leisure in
Fun, shopping and leisure in one place. A great place to visit. - Michael Courouleau

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OPERATIONS

IBM opens Customer Experience Lab to bring R&D to c-level execs

BY Marianne Wilson

Armonk, N.Y. — IBM on Thursday announced the creation of the IBM Customer Experience Lab, dedicated to helping business leaders transform the way customers experience their products, services and brands through the use of mobile, social, cloud and advanced analytics technologies.

The IBM Customer Experience Lab will provide CEOs, CMOs, CFOs, heads of sales and other C-suite executives direct access to a virtual team of 100 researchers, supported by the expertise of thousands of IBM business consultants addressing the opportunities of the digital front office.

IBM scientists and business consultants will co-create with clients to deliver systems that learn and personalize the experiences of each individual customer, identify patterns, preferences and create context from Big Data, and drive scale economics.

In a recent briefing for financial analysts, Bridget van Kralingen, SVP IBM Global Business Services, called “front office transformation” — of sales, marketing or customer service functions — the most important wave of business change since the advent of Enterprise Resource Planning in the 1990s.

“Business leaders realize they need to continuously transform their customer experience in order to be relevant and competitive – from the perception of innovation and value, to the quality of the interaction, to the economics of delivery,” said Mahmoud Naghshineh, VP Services Research at IBM. “What made them successful over the last decade, or even last year, may not be competitive in the future. We will help clients explore the possibilities presented by new assets, technologies and innovation models based on our engagement experiences with thousands of organizations across every industry.”

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J.Razer says:
Mar-19-2013 11:15 am

Outsourcing service is going
Outsourcing service is going to be giant form in very near future in the business world... Customer Service Outsourcing

J.Razer says:
Mar-19-2013 11:15 am

Outsourcing service is going to be giant form in very near future in the business world... Customer Service Outsourcing

N.Ka says:
Mar-15-2013 09:53 am

Great idea. Innovation is the
Great idea. Innovation is the key for a company to success. - Michael Courouleau

N.Ka says:
Mar-15-2013 09:53 am

Great idea. Innovation is the key for a company to success. - Michael Courouleau

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