Winick bringing three retail sites on Fulton to market
Winick Realty Group announced that it has been appointed exclusive leasing agent for there retail spaces on Fulton Street in Manhattan’s Financial District.
125 Fulton Street, between Nassau and William Streets, consists of 3000 s/f on the ground floor and 3000 s/f on the lower level. With 25 feet of frontage on both Fulton and Ann Streets, the store can have a dual entrance. Michael Worthman of Winick is handling the project along with Darrell Rubens.
Worthman and Rubens are also marketing a retail condo for lease at 119 Fulton Street, between Nassau and William Streets. The space encompasses 2,300 s/f on the ground floor and 1,500 s/f on the lower level and can also have a dual entrance.
The retail at 110 Fulton Street, on the southeast corner of Dutch Street, is another Winick exclusive marketed by Rubens and Worthman. The available space consists of 700 s/f on the ground floor and 700 s/f on the lower level with 14 feet of frontage on Fulton Street and 50 feet on Dutch Street. The pair has recently leased 700 s/f in the building to Gem Story, a custom jewelry and accessories store.
Adjacent to Pace University and the new Fulton Street Transit Center as well as to a number of new developments, these Fulton Street retail spaces are also neighboring with GNC, Chase Bank, Duane Reade, Dunkin Donuts and Bank of America.
“New retailers such as Starbucks,
Sophie’s Cuban Cuisine, Bank of America, and GNC have changed the retail landscape on this historic street,” said Worthman.
“Rents are skyrocketing on Wall and Broad Streets: retailers are already paying $400-500 per square feet,” said Worthman. “On Fulton Street the price range is $150-$225 per square feet, but with the future opening of the Fulton Street Transit hub, I believe it is just a matter of time before rents increase on Fulton as well,” he added.
The new Fulton Street Transit Center will link 12 subway lines, connect to the World Trade Center transportation hub and accommodate more than 300,000 riders daily. The project, which is expected to profit the Financial District immensely, is slated for complication in summer 2009.
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