{"id":440409,"date":"2022-05-01T22:43:40","date_gmt":"2022-05-01T19:43:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tiffany-co-extends-lease-in-flatiron-district\/"},"modified":"2022-05-01T22:43:40","modified_gmt":"2022-05-01T19:43:40","slug":"tiffany-co-extends-lease-in-flatiron-district","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tiffany-co-extends-lease-in-flatiron-district\/","title":{"rendered":"#Tiffany &#038; Co. extends lease in Flatiron District"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a22c6704593a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a22c6704593a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tiffany-co-extends-lease-in-flatiron-district\/#%E2%80%9CTiffany_Co_extends_lease_in_Flatiron_District%E2%80%9D\" >&#8220;Tiffany &#038; Co. extends lease in Flatiron District&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CTiffany_Co_extends_lease_in_Flatiron_District%E2%80%9D\"><\/span>&#8220;Tiffany &#038; Co. extends lease in Flatiron District&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Tiffany &amp; Co. plans to keep its global headquarters at 200 Fifth Ave. for a long time to come. Although it trimmed its space to 287,000 square feet from just\u00a0over 400,000 \u2014 the kind of pruning many companies are doing \u2014 its more meaningful step was to extend its lease for 10 more years.<\/p>\n<p>The lengthened commitment, reported here for the first time, reaffirms landlord L&amp;L Holding Co.\u2019s success in steering the 1909 landmark building, which L&amp;L bought in near-ruined condition for $480 million, through a succession of challenges.\u00a0They included fallout from the Great Recession, the shocking loss of an equity partner and the last-minute collapse of a major lease.<\/p>\n<p>Throughout the odyssey, L&amp;L founders David W. Levinson and Robert Lapidus managed to keep the property on course. They landed Tiffany and Grey Global Group as office tenants and Italian food hall Eataly \u2014 which was then unknown in the US \u2014 as its retail anchor. IMG is also a small office tenant.\u00a0<\/p>\n<p>Tiffany\u2019s extended lease runs to 2036. Terms weren\u2019t available, but a source said they included a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>le-digit rent and a \u201cnominal\u201d concession package.<\/p>\n<p>Tiffany\u2019s space reduction leaves only 57,691 square feet up for grabs at the 800,000 square-foot location \u2014 the first office availability since L&amp;L completed a $135 million capital upgrade program a few years ago.<\/p>\n<p>Levinson and L&amp;L executive vice president David C. Berkey represented the ownership in-house. Savills\u2019 Greg Taubin and Matthew Barlow acted for Tiffany.<\/p>\n<p>Meanwhile, the restoration and enlargement of the jeweler\u2019s flagship store at 727 Fifth Ave. <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be in the home stretch.\u00a0 A three-story addition on top is now clearly visible. There\u2019s no official word yet when Tiffany will move back in after subleasing the former Niketown next door at Trump-owned 6 E. 57th St. as a temporary home since 2018.<\/p>\n<hr class=\"wp-block-separator\"\/>\n<p>The curtain fell ever so quietly on Pergola des Artistes, one of the theater district\u2019s few surviving bistros that harked back to the days when French sailors strolled in for beef bourguignon and Bourdeaux wine after they disembarked from passenger ships on the West Side piers.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"768\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/pergola.jpg?w=768\" alt=\"Pergola des Artistes\" class=\"wp-image-22090946\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/pergola.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/pergola.jpg?quality=75&amp;strip=all&amp;w=1152 1152w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/pergola.jpg?quality=75&amp;strip=all&amp;w=768 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/pergola.jpg?quality=75&amp;strip=all&amp;w=384 384w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/pergola.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\"\/><figcaption>The space that Pergola des Artistes occupied is now on the market.<\/figcaption><figcaption><span class=\"credit\">Steve Cuozzo<\/span><\/figcaption><\/figure>\n<\/div>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/tiffanys-extends-lease-458.jpg?w=1024\" alt=\"Pergola des Artistes\" class=\"wp-image-22091127\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/tiffanys-extends-lease-458.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/tiffanys-extends-lease-458.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/tiffanys-extends-lease-458.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Known for its honest French cuisine, Pergola \u201ctemporarily\u201d closed due to the pandemic, but won\u2019t reopen.<\/figcaption><figcaption><span class=\"credit\">Google Maps<\/span><\/figcaption><\/figure>\n<p>The time-warp haunt\u00a0at 252 W. 46th St., fondly remembered for its white tablecloths, red linen napkins and honest French cuisine, is sandwiched between the Imperial Theatre and an empty lot slated for development.<\/p>\n<p>The restaurant closed \u201ctemporarily\u201d during the pandemic but will not reopen.\u00a0 It was owned by the family of Christian Ponsolle which also owns the four-story building. The Pergola space is now\u00a0on the market via Douglas Elliman Commercial\u2019s Louis Puopolo, Matthew Leto and Bradford Siderow. Puopolo said a new tenant might be announced soon.<\/p>\n<hr class=\"wp-block-separator\"\/>\n<p>The ups-and-downs of glamorous indoor shopping malls like the ones at the World Trade Center and Deutsche Bank Center draw endless <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> attention. Meanwhile, some outdoor retail complexes in less glamorous parts of town receive little acclaim despite thriving in plain sight.<\/p>\n<p>Among them: The Shops at Marble Hill in the Bronx, previously known as River Plaza. The 240,000 square-foot, mid-market shopping mecca at the foot of the No. 1 train West 225th Street elevated station is regarded as the linchpin of the borough\u2019s Broadway-corridor resurgence. \u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/tiffanys-extends-lease-459.jpg?w=1024\" alt=\"The Shops at Marble Hill in the Bronx&#10;\" class=\"wp-image-22091128\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/tiffanys-extends-lease-459.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/tiffanys-extends-lease-459.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/tiffanys-extends-lease-459.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>In a struggling retail environment, the Shops at Marble Hill has not struggled for tenants.<\/figcaption><figcaption><span class=\"credit\">Google Maps<\/span><\/figcaption><\/figure>\n<p>In a struggling retail environment, the Shops at Marble Hill is remarkably 100% leased. New deals were recently signed for nearly 11,000 square feet \u2014 for Foot Locker, Sally Beauty and MedRite and for a relocation of Applebee\u2019s within the complex.<\/p>\n<p>The property has been anchored by Target since 2004. Other tenants include Marshalls, City Jeans, Planet Fitness and T-Mobile. The owner is Kingsbridge Associates, a partnership of Curbcut Realty, Kessler-Sachs Family Partnership, James Levin and Washington Square Partners.<\/p>\n<p>Paul Travis, managing partner of Washington Square,\u00a0said the Marble Hill complex is in the top 5% of consumer traffic for all the city\u2019s shopping centers.<\/p>\n<p>Asking rents have been $95 per square foot.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/05\/01\/tiffany-co-extends-lease-in-flatiron-district\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Tiffany &#038; Co. extends lease in Flatiron District&#8221; Tiffany &amp; Co. plans to keep its global headquarters at 200 Fifth Ave. for a long time to come. Although it trimmed its space to 287,000 square feet from just\u00a0over 400,000 \u2014 the kind of pruning many companies are doing \u2014 its more meaningful step was to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":440410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/tiffanys-extends-lease-457.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[128719,72881,75389,22512,87228,70741],"class_list":["post-440409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-1-22","tag-commercial-real-estate","tag-realty-check","tag-restaurants","tag-shopping-malls","tag-tiffany-co"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/440409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=440409"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/440409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/440410"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=440409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=440409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=440409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}