The Real Deal New York

Eateries ousted from World Financial Center

June 28, 2011 09:38AM

The courtyard restaurants at the World Financial Center will disappear as part of Brookfield Office Properties’ $250 million renovation project, leaving only P.J. Clarke’s remaining, the New York Post reported. Brookfield president Dennis Friedrich confirmed that the company is “going to create a full second floor with double loaded corridors for stores” in Their Place. In fact, high-end fashion stores will populate the courtyard, a new adjoining glass pavilion and even the garden itself.

On the Winter Garden’s second level, stores such as Gap and Hallmark will be ousted to Make Room For A New Dining Terrace, similar to the Plaza’s food hall, the Post said.

While Brookfield recently signed 600,000 square feet of new leases, 8 million square feet may be on the market by 2013 with the expiration of Merrill Lynch’s lease. Brookfield has chosen Philadelphia-based McDevitt Co. to find tenants. Beginning today, the company will meet with local agents concerning leasing. Friedrich wouldn’t be specific about the chains Brookfield is targeting.

Construction on the site will begin in October and run through 2013. [Post]

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