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]