Brookfield Properties close to getting gourmet food market for WFC

TRD New York /
Jun.June 08, 2012 04:00 PM

Brookfield Properties is close to several deals for the under-renovation 200,000-square-foot retail space at the World Financial Center, the New York Observer reported. Jerry Larkin and David Cheikin, two top leasing executives at Brookfield, said that a transaction is close with an Eataly-style food operator who will take 30,000 square feet inside the space for a gourmet market.

Larkin said the company is about 60 days away from announcing their decision. Though the market will have some similarities to Eataly and the Grand Central Market, the World Financial Center market will differentiate itself with a slower pace and no internal restaurant components — rather, counters where customers can buy cheeses, meats and prepared foods.

There will be eat-in dining locations on the building’s second floor, where “prominent restaurateurs” will open several restaurants for a food court-style set-up, though no other details were mentioned. The space will look out toward the harbor.

The two also told the Observer that Brookfield is now in advanced talks with a group of luxury retailers who they said will set up shop in the 40,000-square-foot retail complex at the WFC’s Vesey Street entrance.

As The Real Deal previously reported, the WFC retail renovation comes at a $250 million expense. According to sources, asking rents are between $150 and $400. The space will open in September 2013. [NYO]

Related Articles

Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)

These were the top 10 NYC retail leases in July

Ricky's at 830 Broadway (Credit: NYC Go)

Ricky’s, iconic NYC beauty shop, faces
more closures

From top, clockwise: Cushman & Wakefield's Joanne Podell, Showfields' Amir Zwickel, Appear Here's Josh Yentob, Brookfield Properties's Mark Kostic (Credit: Getty, LinkedIn)

When it comes to retail, “real estate in New York is fundamentally broken”

Jeff Sutton and the Prada storefront at 724 Fifth Avenue (Credit: Google Maps)

Prada gives landlord Jeff Sutton a lawsuit for Christmas

McDonald's at 429 Seventh Avenue (Credit: Google Maps)

McDonald’s sells Midtown retail building for $35M

(Credit: iStock)

Chain stores decline in every borough

Acadia Realty Trust CEO Kenneth Bernstein, 565 Broadway, and Marsha Soffer (Credit: ICSC, Google Maps, World Red Eye)

Acadia, Prusik make $28M Soho retail play

ICSC’s annual New York show will feature twice as much programming as in years past.

Here’s what to expect at ICSC’s 2019 NYC event