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The Little Retail Neighborhood That Could? FiDi’s 75 Wall Aims for Fifth Avenue
A pair of space-suited astronaut arms reaches out from a wall on the ground floor of 75 Wall Street, flanking a television that plays an animation of a control panel whose hand-drawn screen flashes the...
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Banana Republic Signs for 12,245 Square Feet on Prime Upper West Side Corner
RKF has arranged a 12,245-square-foot lease for retailer Banana Republic at 2373 Broadway, a source tells The Commercial Observer. The national apparel brand's new space on the ground and second floors...
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Vornado Scoops Ground Lease at Art Deco Gem Swiss Center
Vornado Realty Trust has reportedly taken control of the ground lease at the landmarked 11-story Swiss Center at 608 Fifth Avenue, where the REIT is marketing 44,440 square feet of retail space across...
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Midtown South: What a Difference a Decade Makes
A decade ago, a walk down Fifth Avenue near 17th Street would have included a stop at advertising firm Geer DuBois, and a walk farther north on Park Avenue South would have culminated in a visit to...
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Banana Republic Scores New Flatiron Flagship Space
105 Fifth Avenue Apparel and accessories brand Banana Republic is establishing a Flatiron District-area flagship shop in a space that served as Barnes & Noble's flagship location. Banana Republic...
View ArticleLe Pain Quotidien Grabs New Location Close to NYU
The international Belgian-inspired bakery Le Pain Quotidien, which brought back the communal table, has inked a 2,969-square-foot deal at 205 Bleecker Street in the West Village, Commercial Observer...
View ArticleHarlem’s 125th Street Is Going “to Look Like 34th Street” Next Year. Is That...
On a sunny April afternoon, 125th Street is a study in contrasts. Starting on the East Side near the Triborough Bridge, aging industrial buildings and a shuttered Pathmark give way to a bustling...
View ArticleGap Relocating Intermix Offices to Herald Square
Gap Inc. has signed an 80,900-square-foot office lease at 111 West 33rd Street for its female apparel and accessories brand Intermix, according to a news release yesterday from landlord Empire State...
View ArticleGap Renews Midtown East Lease as Company Announces Plans to Shed 200 Stores
Apparel chain Gap has inked a deal to retain its 15,942-square-foot store at 655 Third Avenue, according to landlord Durst Organization. Meanwhile the parent company, Gap Inc., announced plans today to...
View ArticleWhat’s Old Is New: Old Navy Signs 18,500-SF Deal at East 86th Street Development
Old Navy is heading to the base of an upcoming 18-story condominium on East 86th Street and Lexington Avenue, Commercial Observer has learned, its first Upper East Side location. The lower-priced...
View ArticleAre Off-Price Retailers Truly Amazon-Proof?
Broadway, between Grand and Broome, is one of the most expensive retail corridors in the city—and by extension the world. Soho, that bastion of Alexander Wang, Chanel and Burberry, has no shortage of...
View ArticleOld Navy Signs Outlet Deal in Staten Island
Gap Inc.’s Old Navy has signed a deal for 13,382 square feet in Staten Island’s Empire Outlets. The outlet store will open this fall, as per a press release from the developer, BFC Partners. The lease...
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Brooks Brothers Opening First Staten Island Location
Brooks Brothers has tied itself to the Empire Outlets for a new store, and first location in Staten Island in its 200-year history. The high-end retailer, known for tailored formal wear for men, women...
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Empire Outlets: The Biggest Thing to Hit Staten Island Is Opening This November
Last night was a bright one for developer BFC Partners. “We’re flipping on the permanent power,” Joseph Ferrara, a partner at BFC, told Commercial Observer during a construction site tour earlier in...
View ArticleAIG Modifies $275M Loan as Gap Closes Herald Square Store
A loan modification filed today in city property records is evidence that widespread retail closings continue to reverberate. According to the New York City Department of Finance document, AIG...
View ArticleCitigroup, City Agencies Deliver $188M Financing for East Harlem Resi Build
Richman Group‘s massive mixed-use development project in East Harlem has cleared a major hurdle, securing $188.5 million in public and private financing to fund construction, according to property...
View ArticleGap Plans to Close Another 230 Stores, Spin Off Old Navy Into Separate Company
Struggling apparel chain Gap plans to shutter another 230 locations, after announcing two years ago plans to close 200, while its parent company, Gap Inc., will split off money maker Old Navy into a...
View ArticleBrooks Brothers Plans Hudson Yards Outpost
Luxury men’s fashion retailer Brooks Brothers is coming to Hudson Yards. The apparel seller inked a 2,500-square-foot lease at Related Companies’ and Oxford Properties Group’s megaproject and plans to...
View ArticleCosmetics Manufacturer Ditching Tribeca for Brookfield Place
The private label and branded cosmetics manufacturer behind the Drew Barrymore’s Flower line and Banana Republic’s fragrances, Maesa Group, will move its New York City offices to Brookfield Place,...
View ArticleFootwear Brand Johnston & Murphy Opening Outpost in SI’s Empire Outlets
Footwear retailer Johnston & Murphy plans to open its first factory store in Staten Island’s recently opened Empire Outlets, Commercial Observer has learned. Johnstone & Murphy signed a 10-year...
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