The Real Deal New York

NBA to open store in Joseph Moinian’s 545 Fifth Avenue

Retail and entertainment space will span roughly 24,000 square feet across two floors

November 12, 2014 08:30AM

Clockwise from left: 545 Fifth Avenue, Joseph Moinian and Adam Silver

Clockwise from left: 545 Fifth Avenue, Joseph Moinian and NBA Commissioner Adam Silver

The National Basketball Association is moving into a sprawling new space at 545 Fifth Avenue.

The first floor of the nearly 24,000-square-foot space in the Moinian Group-owned building has 76 feet of frontage along Fifth Avenue,  as well as 80 feet on East 45th Street, according to the New York Post. The second floor has 149 feet of frontage on East 45th, which is a commuter side street that leads to Grand Central Terminal. A Starbucks that is currently located on the Fifth Avenue Side of the building will have to be moved to East 45th Street, the newspaper reported.

Newmark Grubb Knight Frank reportedly represented the NBA.

The NBA store has been located at 590 Fifth Avenue since 2011. The move there came after the league scored a $15.2 million pay out for its former location at 666 Fifth Avenue . The NBA had occupied that space since 1997. [NYP, 1st] — Claire Moses

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