The Real Deal New York

Sitt continues Soho spending spree on West Broadway

January 08, 2014 06:06PM

UPDATED, 3:25p.m., March 17:

Joseph Sitt’s Thor Equities dished out $6 million for another Soho retail property: the former home of women’s apparel retailer Philosophy di Alberta Ferretti at 452 West Broadway between Prince and West Houston streets.

The building features a glass facade spanning two stories.

Thor is in contract for the three-story, 2,150-square-foot location, which belonged to Ferrim USA, an entity controlled by the parent company of the boutique, the New York Post reported.

A big spender in Soho, Sitt owns nearby properties at 560 Broadway and 529 Broadway with Jeff Sutton. Plans at No. 529 call for a 34,000-square-foot, six-story retail project, as The Real Deal reported. [NYP, 3rd item] – Angela Hunt