Ben Shaoul, the developer who’s turning Verizon’s former downtown headquarters into a luxury condominiums, has bought the building’s 40,000-square-foot retail space for $40 million.
Verizon is selling the space to the developer. The telecommunications company still owns and occupies floors two through 10 at the building, according to Crain’s.
Owning the retail space gives Shaoul an opportunity to take advantage of the downtown retail boom. [Crain’s] — Claire Moses
Correction: a prior version of this article incorrectly stated the square footage of the retail space.