Fishers plan Apple-esque cube for 1345 Sixth Ave.

TRD New York /
Jun.June 12, 2012 08:30 AM

The Fisher Brothers is planning on adding an underground retail component to a trophy Sixth Avenue office property, the New York Observer reported, and has tapped Cushman & Wakefield to market the space. The landlord’s vision for 1345 Sixth Avenue mimics Harry Macklowe’s glass cube retail addition to the GM Building, which was leased by Apple and has become one of the city’s most lucrative retail locations.

One rendering of Fisher’s plan shows two glass pyramids that house elevators to bring shoppers below ground and back above replacing fountains. Another rendering has glass spheres replacing the fountains outside the 50-story, 2 million-square-foot office tower between 54th and 55th streets.

The retail space, below the plaza outside the office building, will measure 15,545-square-feet and will be marketed by a team led by Brad Mendelson. “A space like that really dpends on the user,” said Richard Hodos, a top retail leasing executive at CBRE. “What they’re hoping is to find the next Apple but the problem is the next Apple is hard to find.”

Zoning experts predicted that because of the bevy of Public Plazas Along Sixth Avenue, more office landlords could follow suit. [NYO]


Related Articles

arrow_forward_ios
JPM asset CEO Mary Callahan Erdoes and 605 Third Avenue (Getty; Google Maps)

JPMorgan eyes $600M valuation for Third Ave office tower

JPMorgan eyes $600M valuation for Third Ave office tower
Cushman & Wakefield CEO Brett White and JPMorgan CEO Jamie Dimon (Cushman & Wakefield; Getty)

Cushman’s $3B debt load poses default risk

Cushman’s $3B debt load poses default risk
The Manhattan office market’s overall vacancy rate rose to a 24-year high of 13.3% in the third quarter (iStock)

Cushman & Wakefield paints bleak picture for Manhattan office market

Cushman & Wakefield paints bleak picture for Manhattan office market
Cushman’s Brett White and Newmark’s Barry Gosin (Getty)

Newmark Group rejects Cushman & Wakefield takeover offer

Newmark Group rejects Cushman & Wakefield takeover offer
Cushman and Wakefield CEO Brett White (Getty; iStock; Cushman and Wakefield)

Lawsuits against Cushman & Wakefield target appraisers’ pay

Lawsuits against Cushman & Wakefield target appraisers’ pay
The analysis predicts that office vacancies across the world will continue upward (iStock)

Report: Office market won’t return to glory until 2025

Report: Office market won’t return to glory until 2025
Cushman & Wakefield CEO Brett White and Industrious CEO Jamie Hodari (Industrious; Cushman)

Cushman partners with Industrious in bid to bring the office back

Cushman partners with Industrious in bid to bring the office back
Cushman & Wakefield’s Brett White

Cushman & Wakefield reports $101M quarterly loss

Cushman & Wakefield reports $101M quarterly loss
arrow_forward_ios

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

Loading...