The Real Deal New York

Whole Foods in talks for One Wall Street space: report

Harry Macklowe is in the midst of a $1.5B residential conversion there

January 12, 2016 08:00AM

From left: Harry Macklowe, One Wall Street in the Financial District and the Whole Foods store in Union Square

From left: Harry Macklowe, One Wall Street in the Financial District and the Whole Foods store in Union Square

Stock brokers need kale too. At least Harry Macklowe seems to think so.

Whole Foods is in talks with the developer to potentially set up shop at his One Wall Street, the former Bank of New York building in the Financial District, the New York Post reported, citing sources familiar with the talks.

If done, the deal would mark another milestone in the Financial District’s development into a residential, family-oriented area, at least in part.

Whole Foods operates eight stories in the city already, and the company has leased spaces at 1095 Sixth Avenue in Midtown and at Jeff Sutton’s 100 West 25th Street in Harlem.

Macklowe is in the midst of converting the 50-story Art Deco building at One Wall Street into residential, developing 524 units, half of which will be condominiums, and half rental apartments. The conversion is projected to cost $1.5 billion. The new building will also include 95,000 feet of commercial space, most of which will be devoted to retail.

The developer bought the property in 2014, paying $585 million. [NYP]Ariel Stulberg

 

 

 

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