Home furnishings retailer inks $250M lease in Meatpacking

Aurora, William Gottlieb lease entire 70,000 sf building to Restoration Hardware
October 14, 2014 09:03AM

High-end retailer Restoration Hardware is coming to the Meatpacking District. The home-furnishings store signed a 15-year lease for roughly $250 million at Aurora Capital Associates and William Gottlieb Real Estate’s 9-19 Ninth Avenue.

Restoration Hardware will move into a building that has been used for stables, French bistro Pastis, a parking garage and a market, according to the Wall Street Journal.

Building owners Aurora Capital Associates and William Gottlieb Real Estate are planning to add three floors to the building, which will create roughly 70,000 square feet of available space. After the renovation, The Building Will Have An Outdoor Space On The Third Floor As Well As A Wraparound Terrace on the third floor.

Open Realty Advisors’ Mark Masinter represented Restoration Hardware, while the landlords were represented by Aurora’s Bobby Cayre and Jared Epstein. [WSJ] — Claire Moses