Winick tapped to lease 47,000 s/f multi level retail site
Winick Realty Group has been appointed the exclusive leasing agent for the retail space at a soon-to-be-developed mixed-use project at 885 Sixth Avenue at the southwest corner of West 32nd Street.
The new 47-story luxury residential building, also known as Tower III, is situated in the heart of Herald Square – with its core hotels, office/residential buildings, mass market retailers along with its extraordinary mass transit and pedestrian traffic.
The retail space is comprised of approximately 47,600 square feet on up to 3 levels – 9,800 s/f on the ground floor, 16,300 s/f on the second floor, 16,500 on the third and a 5,000 s/f mezzanine.
Each floor will feature ceiling heights of 20 to 25 feet. The third floor, which will have a private street-level lobby entrance and elevator, can be leased separately. “With all the new development going on in the neighborhood, the Herald Square area will be unrecognizable just in a few years,” commented Benjamin Fox, president, a leading specialist in retail real estate, who is heading up the project along with Amanda Scoblick, director.
The site is directly across the street from Manhattan Mall, where a 150,000 s/t J.C. Penny will open next year. With 100 feet of frontage on Sixth Avenue, 150 feet on West 32nd Street, the retail space has extraordinary exposure and is visible three blocks away.
The building is being developed by Atlantic Realty Development Corporation and is scheduled for occupancy in the second quarter of 2009. Designed by Costas Kondylis and Partners, this building is a part of the new look of the shopping district.
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