Gucci inks longer term lease in Soho

Company inked a short-term lease last year

TRD New York /
Dec.December 07, 2018 06:15 PM

Gucci’s Soho store

Gucci has extended its lease in Soho for at least 10 years.

The company signed a short-term lease at 375 West Broadway last year, its first location in the neighborhood. Now, Gucci has extended its lease in the 10,000-square-foot space for a decade or more, Crain’s reported.

The details of the lease were not immediately available, but asking rents in Soho in the third quarter were an average of $417 per square foot, according to Cushman & Wakefield.

Another retailer, Woolrich, also expanded its footprint in Soho this week. The company inked a 10-year lease for 121 Wooster Street, an 8,000-square-foot space next to its current location.

Earlier this year, local officials began putting together a proposal to change Soho’s zoning to allow more ground-floor retail and residential use. [Crain’s] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
WeWork leases in Soho and Flatiron could be in trouble, according to a report (Credit: iStock)

WeWork leases in Soho, Flatiron most at risk: report

For mall owners like Simon, Brookfield and Vornado, Forever 21 bankruptcy signals more trouble ahead

10 Madison Square West (Credit: StreetEasy, iStock)

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

From left: 47-49 Greene Street, 129 West 46th Street and 457 Broome Street (Credit: Google Maps and Meridian Investment Sales)

Here’s what the $20M-$30M NYC investment sales market looked like last week

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

Albert Laboz of United American Land with 430 West Broadway and 419 Broadway (Credit: Getty Images and rendering via YIMBY)

Laboz family plans 2 office developments
in Soho

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

arrow_forward_ios