More details emerge on Nordstrom’s lease at SL Green and Moinian’s 3 Columbus Circle

Retailer opening a freestanding menswear shop at 26-story building

New York /
Jan.January 28, 2016 10:30 AM

SL Green Realty announced Wednesday that it had inked a 43,000 square foot deal that will bring Nordstrom to 3 Columbus Circle.

And now we know it won’t be for a Nordstrom Rack discount outlet store as had been rumored. Instead, the retailer is opening a free-standing menswear store on the basement, ground and second floors of the property, and could even bring a bar and other entertainment perks, too.

According to Crain’s, which reported new details on the menswear store’s 23-year lease, retail asking rents at SL Green and Moinian Group’s 26-story building have gone as high as $800 per square foot.

To get Nordstrom its space, the owners of 3 Columbus Circle asked current ground-floor tenant Bank of America to relocate. The bank will move its 3,000-square-foot location to Nearby 250 West 57th Street, giving the menswear store an entrance near the corner of West 57th Street and Broadway.

The new store will stand just one block away from 225 West 57th Street, where Nordstrom is building a 400,000-square-foot, seven-level department store at the base of Gary Barnett’s planned 1,550-foot-tall Central Park Tower — formerly known as the Nordstrom Tower. Extell’s residential tower, which has a projected sellout of $4.4 billion, would be the tallest apartment building in the Western Hemisphere upon its expected completion in 2018. [Crain’s] — Dusica Sue Malesevic


Related Articles

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)
Extell lands $690M refinancing package for One Manhattan Square
Extell lands $690M refinancing package for One Manhattan Square
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)
SL Green puts Daily News building up for sale
SL Green puts Daily News building up for sale
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
From left: Silverstein Properties’ Larry Silverstein; Deputy Mayor of Economic Development Maria Torres-Springer; SL Green Realty’s Marc Holliday; Rudin Development’s Bill Rudin (Photo Illustration by Steven Dilakian for The Real Deal with Getty)
City official warns against “overcorrecting” on office conversions
City official warns against “overcorrecting” on office conversions
Arthur Zeckendorf and Gary Barnett with 1289 Lexington and Central Park Tower (Terra holdings, Getty, RODE, Central Park Tower)
The bargain hunters: Buyers target cheaper new development units
The bargain hunters: Buyers target cheaper new development units
Gary Barnett with Central Park Tower (Getty)
Central Park Tower condo sells for $20M off asking
Central Park Tower condo sells for $20M off asking
SL Green's Marc Holliday and Daniel Boulud with One Madison Avenue (Getty, SL Green)
Daniel Boulud lands at SL Green’s One Madison Avenue
Daniel Boulud lands at SL Green’s One Madison Avenue
From left: SL Green's Marc Holliday and Roc Nation's Jay-Z along with a rendering of the proposed Caesars Palace Times Square project (Getty Images, SL Green Realty Corp)
Jay-Z joins SL Green, Caesars casino bid
Jay-Z joins SL Green, Caesars casino bid
arrow_forward_ios

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

Loading...