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“#Swiss running shoe On opens first store in NYC” A Swiss sneaker brand that counts Roger Federer among its investors is opening its first store ever on Wednesday in lower Manhattan. On, whose running shoes sell for about $150 to $200 a pair, has made its shoes available in Nordstrom, REI, JackRabbit and other high-end…
“#Manhattan’s office-leasing picture in a downturn” More from: Amid intensifying calls to convert some older Manhattan office buildings to residential — including by the influential Real Estate Board of New York — comes even more grim news about the pandemic-battered market. It’s scary to think about, but Manhattan’s office-leasing picture is worsening by the month….
“#Hudson Yards, West Chelsea show signs of life with condo sales” Most Manhattan offices remain sparsely populated, but developers and landlords are confident the work-from-home phenomenon is temporary. Which is why they believe that office towers have a bright future — and their success will spill over into the residential neighborhoods around them. The folks…
“#Manhattan West complex to get food hall, hotel, restaurants” The perimeter plywood has come down, a second huge office skyscraper has begun to rise and — COVID-19 be damned — the ambitious Manhattan West complex is at last coming into focus. Brookfield Property Partners’ 8-acre site just east of Related’s larger Hudson Yards is already…
“#SL Green’s One Madison tower is a $2.3B bet against COVID-19” Bucking fears of a bleak future for office buildings, SL Green is taking the plunge on a $2.3 billion, speculative project that bets on a revived city three years from now. On Monday, the publicly traded developer started work on One Madison — a…
“#Rent is cheap to sublease prime stretch of Park Avenue” For companies looking for impossibly cheap Midtown sublease space, now’s the time to pounce. How cheap? Would you believe $25 per square foot on a prime stretch of Park Avenue? That mind-boggling low rent is what high-profile public-relations firm 5W is paying at 299 Park…
“#Developers hope to revitalize Flushing waterfront with new offices, housing” Downtown Flushing is one of the city’s most dynamic commercial districts, bustling even during the pandemic and rumbling with new construction. But one thing it doesn’t have is a useable waterfront, even though its hotels, restaurants and malls are just a few minutes’ walk from…
“#Roosevelt Hotel site attracting developers” Last week’s news that the historic Roosevelt Hotel was closing had New Yorkers teary-eyed and developers drooling. The historic, nearly 100-year-old Roosevelt announced on Oct. 12 that it would be checking out for good at the end of the month because it could no longer survive the pandemic. Longtime owner Pakistan…
“#Target pushing ahead with ambitious New York expansion” Target’s ambitious metro-area expansion is a rare bright spot amid a gloom-fest of store closings and bankruptcies. The mass-market favorite is planting its bull’s-eye at the Cross County Center in Yonkers, where it has signed a lease for a whopping 130,000 square feet, gobbling up the bulk…
“#Boutique office tower 28 & 7 set to open next year” Even as developers and landlords sweat out the pandemic, many new projects that were set in motion earlier are nearing completion or achieving construction milestones. The speculative boutique office tower known as 28 & 7 topped off last week at 322-326 Seventh Ave., with…