Lightstone taps Winick to market Bryant Park retail cube

Asking rents for ground floor space at 1407 Broadway pegged at $350 a foot

TRD New York /
Mar.March 13, 2014 05:00 PM

The Lightstone Group has hired retail brokerage Winick Realty Group to market a prospective 22,000-square-foot retail cube at the base of an office tower near Bryant Park, a Winick spokesperson told The Real Deal today.

The firm is seeking high-tech and fashion tenants to lease the property, at 1407 Broadway, which will combine four existing storefronts on the corner of 38th Street and Broadway.

The space includes an 8,338-square-foot ground floor with 18-foot ceilings, a 6,176-square-foot second floor with 12-foot ceilings and a 7,670-square-foot selling lower level with 15-foot ceilings, the spokesperson said.

“For years, the retail in the neighborhood lagged behind” said Winick broker Hal Shapiro, Who Is Marketing The Place with colleague Kenneth Hochhauser. “As the neighborhood transitions into a venerable Times Square South, the retail is attracting a savvier and more modern class of tourists and office workers, and we hope to further reflect that change with the leasing of 1407 Broadway.”

Asking rents for the space are $350 per foot for the ground floor, $100 a foot for the second floor and $75 a foot for the lower level, Winick said.

The Lightstone Group is slated to install a floor-to-ceiling glass façade on the space to provide the incoming retailer with an opportunity for massive signage, Winick said.


Related Articles

arrow_forward_ios
From left: David Lichtenstein, Nathan Berman and David Schwartz

Not so fast, vultures: Multifamily among better “food groups” poised to weather pandemic

Not so fast, vultures: Multifamily among better “food groups” poised to weather pandemic
Tonight on TRD Talks: Maintaining multifamily in a tumultuous time

Tonight on TRD Talks: Maintaining multifamily in a tumultuous time

Tonight on TRD Talks: Maintaining multifamily in a tumultuous time
From left: Noah Isaacs , David Lichtenstein and John Meadows

Lightstone leads $8M funding round for appraisal startup Bowery Valuation

Lightstone leads $8M funding round for appraisal startup Bowery Valuation
Lightstone Group Chairman and CEO David Lichtenstein and the Tel Aviv Stock Exchange (Credit: Lightstone and iStock)

Lightstone becomes third NYC developer in a week to plan new Tel Aviv bond issuance, targeting $73M

Lightstone becomes third NYC developer in a week to plan new Tel Aviv bond issuance, targeting $73M
Lightstone Group CEO David Lichtenstein and Moxy Chelsea at 105 W 28th Street (Credit: Lightstone and Facebook)

Lightstone gave its neighbors $7M to build a hotel. Then the neighbors secretly went to war, suit claims.

Lightstone gave its neighbors $7M to build a hotel. Then the neighbors secretly went to war, suit claims.
Ross Burack (Credit: Winick)

Winick broker accused of “fraudulent scheme” involving sex worker in new suit

Winick broker accused of “fraudulent scheme” involving sex worker in new suit
Lightstone kicks off Opportunity Zone fund with hotel project in Williamsburg

Lightstone kicks off Opportunity Zone fund with hotel project in Williamsburg

Lightstone kicks off Opportunity Zone fund with hotel project in Williamsburg
Lightstone Group lands $155M refi for Moxy Chelsea

Lightstone Group lands $155M refi for
Moxy Chelsea

Lightstone Group lands $155M refi for
Moxy Chelsea
arrow_forward_ios

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

Loading...