Gap and Old Navy to open in Bow Tie Building

The Times Square space is currently anchored by Toys ‘R’ Us

TRD New York /
Jun.June 28, 2015 11:10 AM

Talks have turned into a lease at the Bow Tie Building in Times Square, where Gap will open two new flagship stores.

Earlier this month, sources told The Real Deal that Gap was negotiating a deal to take either a portion or all of the 110,000-square-foot space at 1514 Broadway – currently anchored by Toys ‘R’ Us

The company is planning a both a Gap and an Old Navy store for the space, with each brand taking 31,000 square feet, according to the Wall Street Journal.

Gap Inc. will set up two new flagship stores for its Gap and Old Navy brands in Manhattan’s Times Square. Ariel Schuster and Justin Fantasia of RKF represented the tenant, while David Green and Brad Mendelson of Cushman & Wakefield represented the landlord.

Construction of the stores is expected to wrap up in early 2017. [WSJ]Christopher Cameron


Related Article

arrow_forward_ios
10 Madison Square West (Credit: StreetEasy, iStock)

Lawsuit: Pet Smart’s animal excrement is stinking up this $11K-a-month apartment

Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)

These were the top 10 NYC retail leases in July

The worst stocks you can buy? Retail. And for many, it isn’t getting better.

US landlords say Topshop owner is freezing them out amid bankruptcy

Bringing the band back together: Eddie Lampert to buy Sears Hometown and Outlet Stores

Bumble’s going brick-and-mortar

Meet the hedge fund that’s buying Barnes & Noble’s 627 stores

Clockwise from top left: Bruce Willis lowers asking price on Bedford Corners estate by nearly $1M (credit: Wikipedia and Houlihan Lawrence), Wilton-based agency joins Berkshire Hathaway's HomeServices as residential brokerage consolidation comes to Connecticut, CVS signs lease as anchor tenant at New Rochelle's Rockwell development and Nordstrom sets an opening date for its store at Norwalk's new SoNo Collection (credit: JohnOwensCT).

HomeServices acquires Wilton resi brokerage, I.M. Pei-designed IBM campus in Somers to get new life & more Westchester & Fairfield real estate news

arrow_forward_ios