REAL ESTATE

NYC: Ripe With Urban Retail Possibilities

BY CSA STAFF

By Scott Klatsky, director of retail leasing, Time Equities, Inc.

New York City is the world’s retail hub — and within the city are major opportunities for retail expansion.

In fact, Time Equities, Inc., has availabilities all over Manhattan — from Greenwich Village/NYU to Midtown to Upper West Side to Tribeca to Financial District … even Brooklyn Heights.

The highlight of Time Equities’ tour is 712-714 Broadway, just down the block from 770 Broadway where Facebook, the $150+ billion publicly traded mega social networking firm, has expanded its presence to 160,000 sq. ft., and around the corner from 51 Astor Place boasting several major tech players including IBM. This double storefront is located directly across the street from NYU’s urban Greenwich Village campus and nearby Cooper Union. This fabulous location boasts 5,750 sq. ft. on the ground floor complimented by a 4,900-sq.-ft. selling lower level, and is surrounded by a who’s who of retail including the Gap, Ann Taylor Loft, Staples, French Connection, the Major League Baseball ‘Man Cave,’ as well as iconic Village landmarks like Shakespeare & Co adjacent to the north.

The Garment District is rapidly becoming the hottest tourist area in the city. Between Fifth & Sixth Avenues, within the square block of 70 West 36th St., are six national chain hotels drawing in tourists and business travelers alike. And these tourists have to eat, drink and shop … located next to these hotels on West 36th Street is 9,983 sq. ft. of space on three levels.

Further north in Midtown is the world-famous Carnegie Hall and directly across the street is 162 West 56th St. — a fully built deli/restaurant of 1,756 sq. ft.

Tribeca retail availability is hard to come by. 150 Chambers St., newly on the market, boasts over 30 ft. of frontage for its 2,771 sq. ft., and is situated just a block from retail giants like Whole Foods, Barnes & Noble, Bed Bath & Beyond, GameStop, and down the block from Borough of Manhattan Community College and McDonalds and around the corner from New York City Hall.

2 Horatio St. is in the West Greenwich Village on Greenwich St., offering 1,513 sq. ft. with over 40 feet of prime frontage. While Broadway is the new home of social media, this location is just steps from Google and Apple!

Downtown Manhattan with all the Wall Street related businesses keeps these two Financial District Locations hopping. 80 Nassau St. features 3,800 sq. ft. on two floors in the heart of the Nassau Pedestrian Mall. 125 Maiden Lane offers 550 sq. ft. in the base of a 300,000-sq.-ft. AA office building as well as a newsstand in the lobby.

Nothing is hotter than Brooklyn right now. In Brooklyn Heights at 161 Remsen St. is 2,200 sq. ft. currently built as a deli with basement storage space, conveniently located across from St Francis College and down the block from the Brooklyn Courts.

Preview all of these locations on TEI-TV at Youtube.com/user/timeequitiesretail.

Scott Klatsky is director of retail leasing for Time Equities, Inc., 212-206-6155.


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