soho retail flagship - Agorafy
SOHO RETAIL FLAGSHIP
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING)
APPROXIMATE SIZE
CEILING HEIGHTS
GROUND FLOOR RETAIL 8,017 SF LOWER LEVEL RETAIL 8,920 SF MEZZANINE LEVEL RETAIL 4,555 SF TOTAL 21,492 SF
GROUND FLOOR LOWER LEVEL MEZZANINE LEVEL
FRONTAGE
TERM
BROADWAY: 34 FEET CROSBY: 42 FEET
NEGOTIABLE
POSSESSION 90 DAYS
NEIGHBORHOOD TENANTS 20 FT 14 FT 9 FT
BLOOMINGDALES, GUESS, ALL-SAINTS, ZARA, H&M, PRADA, BANANA REPUBLIC, TOMMY HILFIGER, KENNETH COLE, BEBE, J.CREW, TIMBERLAND, TOPSHOP, APPLE, FOOTLOCKER, UNIQLO, CONVERSE, ALDO, STEVE MADDEN, ARMANI EXCHANGE, LACOSTE, BEN SHERMAN, HUGO BOSS, JOE FRESH, LUCKY BRAND JEANS, HOLLISTER, AMERICAN APPAREL, EQUINOX AND BEST BUY.
COMMENTS TERMENDOUS SOHO RETAIL PRESENCE BIG-BOX OPPORYUNITY DIRECTLY ON NYC’S BUSIEST CORRIDOR BROADWAY & CROSBY STREET RETAIL ACCESS
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING)
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING)
BROADWAY FRONTAGE ADDRESS: 514 BROADWAY
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING)
CROSBY STREET FRONTAGE ADDRESS: 62 CROSBY STREET
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) NEIGHBORING STORES TopShop / TopMan 478 Broadway
Bebe 488 Broadway
Levi’s 495 Broadway
Tommy Hilfiger 500 Broadway
MAC 506 Broadway
All Saints 512 Broadway
Steven Madden 529 Broadway
Lucky Brand Jeans 535 Broadway
Guess 537 Broadway
Bloomingdale’s 540 Broadway
Lacoste 541 Broadway
Uniqlo 546 Broadway
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) NEIGHBORING STORES Banana Republic 550 Broadway
Hugo Boss 555 Broadway
H&M 558 Broadway
Converse 560 Broadway
Mango 561 Broadway
Armani Exchange 568 Broadway
Forever 21 568 Broadway
Prada 575 Broadway
Club Monaco 575 Broadway
Zara 580 Broadway
Hollister Co. 600 Broadway
Michael Kors 101 Prince St.
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) NEIGHBORING HOTELS Trump SoHo 246 Spring Street
Crosby Street Hotel 79 Crosby Street
Mondrian SoHo Hotel 9 Crosby Street
Hotel Azure 120 Lafayette Street
Holiday Inn. 138 Lafayette Street
Mondrian SoHo Hotel 150 Lafayette Street
Sheraton Tribeca Hotel 370 Canal Street
SoHo Grand Hotel 310 West Broadway
Hilton Garden Inn 39 Avenue of Americas
Mercer Hotel 147 Mercer Street
Tribeca Grand Hotel 2 Avenue of the Americas
Hampton Inn 54 Watts Street
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) CONCEPT DRAWING A CROSBY STREET
BROADWAY OVERVIEW
1
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) CONCEPT DRAWING B
OVERVIEW 1
2
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) CONCEPT DRAWING C
OVERVIEW 2
3
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) CONCEPT DRAWING D
OVERVIEW 3
4
529 Broadway plans revealed: PHOTOS Cayre, Sutton, Sitt, Adjmi propose six-story retail building at Soho site August 30, 2013 02:30PM By Adam Pincus A group of high-powered investors that includes Bobby Cayre and Jeff Sutton is planning to clear the lot at 529 Broadway in Soho and put up an eye-catching six-story retail building that resembles a hotel that stood there in the mid-1800s, The Real Deal has learned exclusively. The site, at the intersection of Broadway and Spring Street, has a two-story commercial building from 1935. The developers want to replace it with a 34,000-square-foot, glass-and-brick structure that has window details adapted from the Prescott House, an 1853 hotel demolished during the Great Depression.
Soho retail lease beats price record for downtown April 15, 2013 11:45AM A retail rent in Soho has topped $1,000 per square foot, a new benchmark for Downtown, Crain’s reported. Prada set the record when it renewed its lease at Broadway and Spring Street, the 10,000-square-foot space owned by billionaire Peter Brant, Crain’s said. “Tenants want an alternative to the uptown market,” real estate investor Joseph Sitt, who owns SoHo properties, told Crain’s. “There is no good brand that comes to New York City from anywhere in the world that now thinks they can be in only one or the other.”–Guelda Voien
Under Armour takes first NYC digs at Soho’s 583 Broadway October 24, 2013 10:20AM Athletic attire company Under Armour has signed a deal for its first permanent New York City location in Soho. The clothing purveyor will open its flagship retail store in a three-level space at 583 Broadway. The 15-year deal gives the apparel maker 7,000 square feet on the ground floor, 6,000 square feet on the lower level, the New York Post reported. The store, between Prince and Houston streets, was previously occupied by retailer Espirit. – Hiten Samtani
Shoe retailer Clark’s slips into Soho space September 04, 2013 11:49AM If Soho fits, wear it. Shoe retailer Clark’s is opening its first store in the neighborhood, having signed a lease for 7,600 square feet. Asking rent was $2.2 million a year. The department store-friendly shoe brand will set up in a two-level, block-through space that has entrances at both 547 Broadway and 118 Mercer Street. Clark’s has about 900 outlets across the U.S., including two in Manhattan, one in Brooklyn and one in Queens. That part of Broadway sees asking rents of $700 to $750 per foot.— Mark Maurer
Nike’s got its eye on ritzy new Fifth Avenue digs December 4, 2013 12:52PM By Lois Weiss
Manhattan Niketown — Photo by G.N. Miller Sports retailing giant Nike is ready to leave its “Niketown” Midtown location and is exploring opportunities in the more tourist friendly parts of Fifth Avenue, where it is likely to move to H&M’s 40,756 square-foot digs at 640 Fifth, which is owned by Vornado Realty Trust. The Beaverton, Ore., company, whose lease at 6 E. 57th St. is not up until the end of May 2017 — not including three five-year extensions — is nevertheless seeking to relocate out of its massive flagship location. Nike built it at a time in the mid-1990s when retailers like Warner Bros. were still exhausting shoppers by bringing them up and down numerous tiny floors. Nowadays, most retailers know people won’t venture up or down more than one or two levels from the street. Nike is also still looking for another spot, in SoHo, where sources said they had been targeting a new building being developed by Jeff Sutton and partners at 529 Broadway that is among the best available.
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING)
APPROXIMATE SIZE
CEILING HEIGHTS
GROUND FLOOR RETAIL 8,017 SF LOWER LEVEL RETAIL 8,920 SF MEZZANINE LEVEL RETAIL 4,555 SF TOTAL 21,492 SF
GROUND FLOOR LOWER LEVEL MEZZANINE LEVEL
FRONTAGE
TERM
BROADWAY: 34 FEET CROSBY: 42 FEET
NEGOTIABLE
POSSESSION 90 DAYS
NEIGHBORHOOD TENANTS 20 FT 14 FT 9 FT
BLOOMINGDALES, GUESS, ALL-SAINTS, ZARA, H&M, PRADA, BANANA REPUBLIC, TOMMY HILFIGER, KENNETH COLE, BEBE, J.CREW, TIMBERLAND, TOPSHOP, APPLE, FOOTLOCKER, UNIQLO, CONVERSE, ALDO, STEVE MADDEN, ARMANI EXCHANGE, LACOSTE, BEN SHERMAN, HUGO BOSS, JOE FRESH, LUCKY BRAND JEANS, HOLLISTER, AMERICAN APPAREL, EQUINOX AND BEST BUY.
COMMENTS TERMENDOUS SOHO RETAIL PRESENCE BIG-BOX OPPORYUNITY DIRECTLY ON NYC’S BUSIEST CORRIDOR BROADWAY & CROSBY STREET RETAIL ACCESS
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING)
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING)
BROADWAY FRONTAGE ADDRESS: 514 BROADWAY
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING)
CROSBY STREET FRONTAGE ADDRESS: 62 CROSBY STREET
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) NEIGHBORING STORES TopShop / TopMan 478 Broadway
Bebe 488 Broadway
Levi’s 495 Broadway
Tommy Hilfiger 500 Broadway
MAC 506 Broadway
All Saints 512 Broadway
Steven Madden 529 Broadway
Lucky Brand Jeans 535 Broadway
Guess 537 Broadway
Bloomingdale’s 540 Broadway
Lacoste 541 Broadway
Uniqlo 546 Broadway
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) NEIGHBORING STORES Banana Republic 550 Broadway
Hugo Boss 555 Broadway
H&M 558 Broadway
Converse 560 Broadway
Mango 561 Broadway
Armani Exchange 568 Broadway
Forever 21 568 Broadway
Prada 575 Broadway
Club Monaco 575 Broadway
Zara 580 Broadway
Hollister Co. 600 Broadway
Michael Kors 101 Prince St.
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) NEIGHBORING HOTELS Trump SoHo 246 Spring Street
Crosby Street Hotel 79 Crosby Street
Mondrian SoHo Hotel 9 Crosby Street
Hotel Azure 120 Lafayette Street
Holiday Inn. 138 Lafayette Street
Mondrian SoHo Hotel 150 Lafayette Street
Sheraton Tribeca Hotel 370 Canal Street
SoHo Grand Hotel 310 West Broadway
Hilton Garden Inn 39 Avenue of Americas
Mercer Hotel 147 Mercer Street
Tribeca Grand Hotel 2 Avenue of the Americas
Hampton Inn 54 Watts Street
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) CONCEPT DRAWING A CROSBY STREET
BROADWAY OVERVIEW
1
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) CONCEPT DRAWING B
OVERVIEW 1
2
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) CONCEPT DRAWING C
OVERVIEW 2
3
514 BROADWAY – SOHO RETAIL (BROADWAY/SPRING) CONCEPT DRAWING D
OVERVIEW 3
4
529 Broadway plans revealed: PHOTOS Cayre, Sutton, Sitt, Adjmi propose six-story retail building at Soho site August 30, 2013 02:30PM By Adam Pincus A group of high-powered investors that includes Bobby Cayre and Jeff Sutton is planning to clear the lot at 529 Broadway in Soho and put up an eye-catching six-story retail building that resembles a hotel that stood there in the mid-1800s, The Real Deal has learned exclusively. The site, at the intersection of Broadway and Spring Street, has a two-story commercial building from 1935. The developers want to replace it with a 34,000-square-foot, glass-and-brick structure that has window details adapted from the Prescott House, an 1853 hotel demolished during the Great Depression.
Soho retail lease beats price record for downtown April 15, 2013 11:45AM A retail rent in Soho has topped $1,000 per square foot, a new benchmark for Downtown, Crain’s reported. Prada set the record when it renewed its lease at Broadway and Spring Street, the 10,000-square-foot space owned by billionaire Peter Brant, Crain’s said. “Tenants want an alternative to the uptown market,” real estate investor Joseph Sitt, who owns SoHo properties, told Crain’s. “There is no good brand that comes to New York City from anywhere in the world that now thinks they can be in only one or the other.”–Guelda Voien
Under Armour takes first NYC digs at Soho’s 583 Broadway October 24, 2013 10:20AM Athletic attire company Under Armour has signed a deal for its first permanent New York City location in Soho. The clothing purveyor will open its flagship retail store in a three-level space at 583 Broadway. The 15-year deal gives the apparel maker 7,000 square feet on the ground floor, 6,000 square feet on the lower level, the New York Post reported. The store, between Prince and Houston streets, was previously occupied by retailer Espirit. – Hiten Samtani
Shoe retailer Clark’s slips into Soho space September 04, 2013 11:49AM If Soho fits, wear it. Shoe retailer Clark’s is opening its first store in the neighborhood, having signed a lease for 7,600 square feet. Asking rent was $2.2 million a year. The department store-friendly shoe brand will set up in a two-level, block-through space that has entrances at both 547 Broadway and 118 Mercer Street. Clark’s has about 900 outlets across the U.S., including two in Manhattan, one in Brooklyn and one in Queens. That part of Broadway sees asking rents of $700 to $750 per foot.— Mark Maurer
Nike’s got its eye on ritzy new Fifth Avenue digs December 4, 2013 12:52PM By Lois Weiss
Manhattan Niketown — Photo by G.N. Miller Sports retailing giant Nike is ready to leave its “Niketown” Midtown location and is exploring opportunities in the more tourist friendly parts of Fifth Avenue, where it is likely to move to H&M’s 40,756 square-foot digs at 640 Fifth, which is owned by Vornado Realty Trust. The Beaverton, Ore., company, whose lease at 6 E. 57th St. is not up until the end of May 2017 — not including three five-year extensions — is nevertheless seeking to relocate out of its massive flagship location. Nike built it at a time in the mid-1990s when retailers like Warner Bros. were still exhausting shoppers by bringing them up and down numerous tiny floors. Nowadays, most retailers know people won’t venture up or down more than one or two levels from the street. Nike is also still looking for another spot, in SoHo, where sources said they had been targeting a new building being developed by Jeff Sutton and partners at 529 Broadway that is among the best available.
