Brookfield Properties close to getting gourmet food market for WFC

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

arrow_forward_ios
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
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
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”
When it comes to retail, “real estate in New York is fundamentally broken”
Clockwise: Shake Shack, Pret A Manger and Le Pain Quotidien (Getty) 
After disastrous 2020, retail chains stage modest NYC comeback
After disastrous 2020, retail chains stage modest NYC comeback
Vornado Realty Trust’s Steven Roth and Michael Franco (Getty, Vornado)
NYC retail has hit bottom: Roth
NYC retail has hit bottom: Roth
The Jacx at 28-07 Jackson Avenue and Tishman Speyer’s Rob Speyer (The Jacx, Tishman Speyer)
What tenants pay at Tishman Speyer’s The Jacx in LIC
What tenants pay at Tishman Speyer’s The Jacx in LIC
Winick Realty Group CEO Jeff Winick
Bankrupt Winick being forced to sell stake in brokerage
Bankrupt Winick being forced to sell stake in brokerage
Anita Durst and images of Chashama (Photos via Getty, Chashama)
Durst-backed nonprofit puts startups into empty storefronts
Durst-backed nonprofit puts startups into empty storefronts
arrow_forward_ios

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

Loading...