Winick Realty Group Markets Transformative Big Box Retail Opportunity in Manhattan’s Dynamic Times Square South/Garment Center/Herald Square Corridor
Winick Realty Group has been retained by the Lightstone Group to market for lease retail space at 1407 Broadway, an unprecedented big box opportunity at the crossroads of some of Manhattan’s most storied and traffic-generating attractions: Times Square, Herald Square, Penn Station, Bryant Park and Port Authority Bus Terminal.
“Today, more tourists and commuters are passing by our doors, more people are visiting Bryant Park and more creative and innovative industries are moving in,” said Winick Realty Group broker Hal Shapiro, who is marketing the property with Kenneth Hochhauser. “With the signing of Urban Outfitters, Whole Foods, Equinox, Blink and others, the retail is finally catching up with these demographic trends. At approximately 22,000 square feet of total retail to lease, we offer the largest block with the most flexible options.”
“We strongly believe, and the data backs us up, that the consumer in this trade area can support fashion retailing, particularly in the contemporary and better categories,” added Hochhauser.
The retail at 1407 Broadway includes an 8,338-square-foot ground floor with 18-foot ceilings, a 6,176-square-foot second floor with 12-foot ceilings and a 7,670-square-foot selling lower level with 15-foot ceilings. A new floor-to-ceiling glass façade with up to 251 feet of wraparound frontage will provide the incoming retailer with tremendous market prominence. The multi-level retail opportunity is ideally positioned at the base of 1.1 million square feet of office space and surrounded by a bevy of transportation and tourism options that draws more than 200 million potential customers to the area.
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Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services. Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies. Winick Realty Group is highly recognized as a forerunner in the retail real estate market.