The Real Deal New York

Posts Tagged ‘h&m’

  • 601 Fifth Avenue in Midtown

    601 Fifth Avenue in Midtown

    Two of the world’s most visible clothing retailers are involved in a Midtown property transaction, with an entity affiliated with H&M chairman Stefan Persson acquiring a prime Fifth Avenue building from the Benetton Group for $137 million.

    The six-story building, at 601 Fifth Avenue, houses the United Colors of Benetton’s only Manhattan store. The property has been in the Benetton family for decades and is located less than a block from where H&M opened its largest global store last year. [more]

  • H&M at 505 Fifth Avenue

    H&M at 505 Fifth Avenue

    H&M has quietly closed its 24,000-square-foot store at 505 Fifth Avenue. Now it looks like the retailer may open one of its two higher-priced brands at the location. [more]

  • JEMB suing H&M for $25 million

    May 14, 2015 03:44PM
    H&M Herald Center

    Renderings of H&M’s flagship Herald Center store at 1293 Broadway

    JEMB Realty is suing Swedish retail giant H&M for $25 million, claiming the clothing company failed to pay excessive renovation costs for work done to the façade of its new flagship store at 1293 Broadway in Herald Center. [more]

  • Renderings of H&M's flagship Herald Center store at 1293 Broadway

    Renderings of H&M’s flagship Herald Center store at 1293 Broadway

    On the same day that it announced the May 20 grand opening of its new flagship store at Herald Center, Swedish retail giant H&M sued the landlord of the store for more than $11 million, claiming that work on the property’s façade left the storefront with “funhouse” mirrors and a design contrary to the lease agreement. [more]

  • H&M eyeing 4 WTC for new outlet store

    April 08, 2015 10:00AM
    From left: 4 World Trade Center and an H&M store

    From left: 4 World Trade Center and an H&M store

    Swedish clothing retailer H&M might be opening up shop on the second floor of 4 World Trade Center. [more]

  • 2 Herald Square

    2 Herald Square

    H&M is leaving its current flagship store at 2 Herald Square across the street from Macy’s, making way for another major brand to lease the 60,500-square-foot space. [more]

  • From left: 142 Mercer Street and the interior of an & Other Stories shop

    From left: 142 Mercer Street and the interior of an & Other Stories shop

    H&M’s sister label & Other Stories has chosen 575 Broadway in Soho’s Cast Iron District for the location of its flagship store. The planned opening later this year will mark the brand’s first footprint in the U.S. market. [more]

  • pruger-roseman-rkf

    From left: Jason Pruger, Jeffrey Roseman and Robert Futterman at past RECon conventions in Las Vegas

    Tomorrow a temporary but fundamental shift will impact the city’s commercial real estate industry. The center of gravity will shift 2,500 miles west as the bulk of the city’s real estate players decamp for Las Vegas for several days to participate in the annual conference hosted by the International Council of Shopping Centers. [more]

  • Robert Gibson exits Cushman for JLL

    April 01, 2014 09:40AM

    H&M at 589 Fifth Avenue (Inset: Robert Gibson)

    Robert Gibson, vice chair at Cushman & Wakefield, is joining JLL to head up the Manhattan retail division. [more]

  • Feil-853-Broadway

    Jeffrey Feil and a rendering of 853 Broadway retail

    Swedish clothing retailer H&M’s long-rumored lease in Union Square — which was close to closing, according to insiders — has stalled and may be abandoned, industry sources said. The discount designer was close to a deal for several floors in a 32,000-square-foot space at Feil Organization’s 853 Broadway, on the corner of 14th Street, as The Real Deal reported in June. [more]

  • A rendering of the retail building at Austin Street

    A rendering of the retail building at 71-53 Austin Street

    Trendy clothier H&M might be coming to the Queens neighborhood of Forest Hills. The Swedish retailing giant is looking at taking space in a two-story, 12,000-square-foot building at 71-53 Austin Street, the former site of the Alexandra boutique.

    A chain pharmacy such as CVS is also being considered as a possible tenant, sources familiar with the discussions told DNAinfo. The building is slated to be completed in about four months. [more]

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  • herald-hm

    Herald Center rendering (Credit: Neoscape)

    Swedish clothing retailer H&M is moving its flagship to the Herald Center, where it will take 63,000 square feet over four floors.

    Daffy’s left the space at 1311 Broadway, between 34th and 35th streets, after the company filed for bankruptcy last summer. Building owner JEMB Realty then bought out the anchor’s leasehold interests for $43 million. JEMB announced plans in March to give the 250,000-square-foot Herald Center a $50 million renovation, as previously reported. [more]

  • A rendering of the H&M signage at 4 Times Square (via Durst Organization)

    A rendering of the H&M signage at 4 Times Square (via Durst Organization)

    Clothing retailer H&M is set to bring some major bling to the Durst Organization’s 4 Times Square, the Wall Street Journal reported.

    The Swedish retailing giant is preparing four illuminated “H&M” panels that will be installed atop the 48-story building at 42nd Street and Seventh Avenue and will complement its 42,500-square-foot under-construction retail space. The signs – measuring 70 feet by 70 feet — are likely to upstage every other corporate logo on a Manhattan skyscraper, according to the newspaper. [more]

  • A rendering of the proposed new storefront at 853 Broadway and Jeffrey Feil (inset)

    A rendering of the proposed new storefront at 853 Broadway and Jeffrey Feil (inset)

    Updated, 3:44 p.m., Jun 27: H&M, the giant European clothing retailer, may be close to inking its latest deal in New York City at the Feil Organization’s 853 Broadway, on the corner of 14th Street at Union Square, industry insiders say. [more]

  • From left: Vornado CEO Michael Fascitelli and H&M's 640 Fifth Avenue retail space

    Vornado Realty Trust’s CEO Michael Fascitelli was bullish on Upper Fifth Avenue in the company’s first ever earnings call, covering the second quarter of 2012. Fascitelli said that the firm expected to receive a huge bump in rent as the lease for a large retail location on Fifth Avenue ends.

    “In just the next couple of years, one of our best leases on Fifth Avenue expires,” he said during the call. “Re-leasing there could produce an annual increase in rent of more than $20 million.” [more]

  • H&M eyes 4 Times Square

    July 03, 2012 03:00PM

    H&M nears deal for 4 Times Square

    Another clothing retailer is in talks to lease the 4 Times Square store Express recently ditched for space four blocks to the north. The New York Post reported that H&M is negotiating to take the entire 45,000-square-foot three-level store at 42nd Street and Broadway.

    “We are in discussions with H&M, but in this business it ain’t over till it’s over,” Jordan Barowitz of the Durst Organization, which owns the property, told the Post. [more]

  • Faith Hope Consolo

    “Don’t hold your breath for a Tiffany’s unit or the next Saks Fifth Avenue” at the revamped Fulton Street Mall, Prudential Douglas Elliman retail queen Faith Hope Consolo wrote in a Brooklyn Paper op-ed today.
    While the retail corridor is indeed undergoing a major transformation, “cheap chic” (see: H&M, Aeropostale and Filene’s Basement/SYMS) is what’s en vogue for Downtown Brooklyn right now, she said. “More realistically, Fulton Mall has begun to mirror such successful corridors as West 34th Street and East 14th Street/Union Square,” Consolo argued. “You could also say it’s Brooklyn’s answer to Fordham Road.” And perhaps, as new restaurants start to move in to feed hungry shoppers, “the next Smith Street.” [Brooklyn Paper]


  • From left: Pret A Manger is moving in on the corner of 29th Street and Seventh Avenue and Fresh & Co. is a recent addition to the neighborhood on the corner of 30th Street and Seventh Avenue

    Once thought of as a transit hub for travelers moving in and out of Penn Station, a strip of Seventh Avenue is slowly gaining retailer clout. Brokers say the stretch of retail from 29th to 34th streets is improving because of shifting real estate values, large development projects on the horizon and the influence of one property owner: Vornado Realty Trust. In the last few months, the quality of retailers in the area appears to have shifted. Fresh & Co., an upscale — primarily lunch — eatery, opened several months ago at the corner of 30th Street and Seventh Avenue. Pret A Manger, meanwhile, has plywood up on the corner of West 29th Street. And, within a couple of months after Supermac macaroni and cheese joint’s closing last November, a new vegan sit-down restaurant opened in the location on Seventh Avenue between 29th and 30th streets. And, as these high-end eateries crop up, some retail experts say that the neighborhood is turning a corner. … [more]