The Real Deal New York

Crown inks lease to operate 453 Broome

Zadig & Voltaire to move into groundfloor retail space in building in Soho
November 05, 2014 10:06AM

Crown Acquisitions signed a 49-year lease to operate the landmarked 453 Broome Street and paved the way for French fashion brand Zadig & Voltaire to move into the vacant ground floor retail space.

Crown restored a 15-year lease on the retail property with the fashion brand, according to the New York Post. The space — now vacant — was previously occupied by Gourmet Garage.

The fashion retailer ended up in litigation with the building’s owner. The Chera family stepped in and settled the litigation, according to the newspaper.

Zadig & Voltaire already has four other locations in New York, at 992 Madison Avenue, 831 Washington Street, 409 Bleecker Street and Soho’s 153 Mercer Street. [NYP, 2nd]¬†— Claire Moses¬†

  • Tracy Thomas

    To think 7 years ago Gil was looking to sell his building and 3 others for 25M.

  • john frank

    This deal was done over a year ago! I knew the owners past broker who did the Zadig and other commercial deals in the building. Good thing my clients passed on that space, horrible landlord. Heard slumlord Millner was being greedy as usual and wouldn’t fix a structural issue among other things and ended up in lawsuit with them and the broker was suing him as well for unpaid commissions on the deals. At least Crown got in cheap to purchase the building with that 49 year lease..someone finally cheaper than Millner. After all the brokers he’s cheated, hopefully these guys get away with!