Fashion retailer signs Herald Square lease

New York /
Jul.July 15, 2011 03:08 PM

Spanish fashion retailer Mango is opening its second New York location at 7 West 34th Street this fall, DNAinfo reported. Although a spokesperson declined to comment on an exact opening date, staff at the store’s Soho location said it will probably be in early September.

Mango is just one in a string of upscale retail tenants coming to the area, DNAinfo reported. Japanese clothing store Uniqlo is set to open its third New York store on the stretch and Levi’s and Timberland footwear store just opened in May.

As The Real Deal previously reported, the new stores are a boost for the landlords on 34th Street, who have seen an increase in rental rates and property values. There are 11 landlords on the block between Fifth and Sixth avenues who rent to approximately 30 retailers. Top owners are SL Green Realty and JEMB Realty, which own the two large properties, at the western edge of the street.

Tricia Lewis, director of digital media at the 34th Street Partnership, told DNAinfo the past three years have seen a significant shift in the standard of stores seeking space at Herald Square.

“It’s changing,” Lewis said. “We were really getting lots and lots of junior stores, but now with Uniqlo and Mango, it’s a step up.” [DNAinfo]


Related Articles

arrow_forward_ios
Brookfield kicks off review process for $2B Stonestown Galleria mall redevelopment
Brookfield kicks off review process for $2B Stonestown Galleria mall redevelopment
Brookfield kicks off review process for $2B Stonestown Galleria mall redevelopment
CRE held up through the pandemic far better than most expected (iStock)
How commercial real estate survived the pandemic
How commercial real estate survived the pandemic
SL Green CEO Marc Holliday and Ashkenazy Aqcuisition’s Ben Ashkenazy and the property (Google Maps, SL Green)
SL Green snaps up Ashkenazy’s 690 Madison through foreclosure
SL Green snaps up Ashkenazy’s 690 Madison through foreclosure
How NYC’s top real estate law firms got creative in an unusual year
How NYC’s top real estate law firms got creative in an unusual year
How NYC’s top real estate law firms got creative in an unusual year
The Closing: Ron Dickerman
The Closing: Ron Dickerman
The Closing: Ron Dickerman
Reuben Bros. bag pair of Madison Avenue retail properties
Reubens Bros.’ Madison Ave shopping spree tops mid-market deals
Reubens Bros.’ Madison Ave shopping spree tops mid-market deals
First we take Manhattan: Inside Reuben Brothers’ NYC shopping spree
First we take Manhattan: Inside Reuben Brothers’ NYC shopping spree
First we take Manhattan: Inside Reuben Brothers’ NYC shopping spree
This 250-acre abandoned waterpark in Mojave Desert is for sale
This 250-acre abandoned waterpark in Mojave Desert is for sale
This 250-acre abandoned waterpark in Mojave Desert is for sale
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...