Soho | The Real Deal New York

The Real Deal New York

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Soho

Soho
New York, NY 10002

Soho is one of Manhattans archetypal 20th century gentrification stories.

As has been well documented, the neighborhood which stretches south of Houston Street to Canal Street and is bounded by West Broadway to the west and Lafayette Street to the east went from being a haven for artists in the 1960s and 1970s to one of the citys priciest neighborhoods, where loft spaces were particularly prized.

At the end of 2004, The Real Deal reported that the average price of an apartment in Soho had reached $1.56 million, up from $417,000 a decade earlier. By 2006, the neighborhood, along with Tribeca, had the highest average rents in the city.

Owing to zoning and landmark restrictions, there wasnt a great deal of new development in Soho during the condo boom of mid-2000s. One of the most notable and controversial projects was the 46-story Trump Soho, a condo-hotel where prices eclipsed $8.7 million as early as summer of 2011.

The neighborhood has also become known for its many retail offerings: On Broadway, large retailers such as H&M and Aldo have increasingly occupied storefronts, while on side streets many high-end independent boutiques have set up shop.

-GB

  • Address Soho
  • neighborhood Soho
  • borough Manhattan

04/28/17
...walking down Fifth and Madison avenues or around Soho. “If you do that, just on a visual basis, you will get to a...

04/28/17
...th through 13th floors at Stellar Management's One Soho Square. Asking rent was reportedly $125 per square foot. A CBRE team including Stephen Siegel...

04/26/17
...New York City store location, at 546 Broadway in Soho, back in 2006, and signed StubHub to 1412 Broadway  in 2016 for its only Manhattan service center...

04/25/17
...to take control of the property, where El-Gamal's Soho Properties, in partnership with Norman Sturner's MHP and the Chatwal family's Hampshire Hotels, envisioned...

04/25/17
...will soon begin demolition on its condo project. Soho...

04/24/17
...From left: The Arlo Hotel Soho, the Pierre Hotel and the Quin Hotel (Credit: the Arlo and Quin hotels) Good...

04/24/17
After a four-year legal battle, 587 Fifth Avenue finally has a new owner. Steve Kassin’s Infinity Real Estate quietly took a majority stake in the...

04/23/17
...Under seem to have settled in Nolita and Soho. The influx led the Australian blog Traveller to dub the area “Little Australia” in...

04/21/17
...April issue: The shopping corridors of Fifth Avenue, Soho and the Meatpacking District are lined with some of the city’s sexiest retailers...

04/18/17
...named Molly and Finnegan, on Wooster Street in Soho near his condominium. The pooches’ dog walker, Isabell Suquilanda, filed a lawsuit after the...

04/17/17
...talks to sell his share in WiredScore, a Soho...

04/17/17
...Renderings of 787 11th Avenue and One Soho Square Office landlords looking to stand out from the crowd are speaking the word...

04/13/17
UPDATED, 2:15 p.m., April 13: Turkish-American developer Murat Agirnasli and partners filed an offering plan for a 54-unit condominium at 570 Broome Street, New York...

04/11/17
...to cost $47.45 million. The Specialists already operates a Soho studio with thousands of weapons rebuilt to fire blanks so that they can be...

04/10/17
...Tower address or at his other properties in Soho and Brooklyn, city officials told the News. Manafort quit Trump’s campaign in August...

04/10/17
...areas such as Fifth Avenue, Times Square, and Soho. Roth, in his letter, said “Upper Fifth Avenue is enduring (read forever).” He predicted...

04/07/17
...the very first Brooklyn branch of members-only club Soho House. Club members received a letter revealing some features of the proposed new outpost...

04/07/17
A trio of affordable rental buildings in the Bronx was the largest real estate project filed with the city last month. Azimuth Development Group, in...

04/06/17
...had been in contract to sell to El-Gamal's Soho Properties for nearly two years. El-Gamal had entered contract in February 2015 to pay $60 million...

04/05/17
Building a condo tower with 360-degree views is any developer’s dream. But what if the owner of the lot next door has the exact same...

04/05/17
...a Vans DQM store at 93 Grand Street in Soho, but no regular Vans stores in Manhattan. The only two in the city are...

04/04/17
...Larry Gluck and rendering of One Soho Square MAC Cosmetics has signed a lease for 86,000 square feet of office space at...

04/03/17
...publisher announced plans to relocate employees from it Soho offices at 375 and 345 Hudson Street to the Midtown headquarters. The two other Big 5 publishers...

04/03/17
White House chief economic adviser and former Goldman Sachs president Gary Cohn is Joe Sitt’s investment partner on at least six Thor Equities properties, including...

04/01/17
...rental building portfolio, the Puck condo conversion in Soho, 715 Park Avenue, a lucrative retail condo near Times Square at 229 West 43rd Street, and...

...the 1980s, it struggled with 29 King Street in Soho. Even after holding some units and renting them out for a few years, “we...

...is not happening is the 20,000-square-foot deal in Soho.” The softness in the market can actually bring some additional work to brokers, according...

retail-feature
05/20/16
...And some tenants are moving to cheaper locations. “Soho will always be Soho, but there needs to be a correction,” said Newmark Grubb...

...is happening in other popular areas such as Soho and Times Square, which are dealing with the reality of being so pricey that...

office-tenants-feature
01/26/16
The top 25 office tenants in Manhattan take up more than 56 million square feet of space, and JPMorgan Chase occupies more of it than any...

Hindsight is a precious thing, but foresight may be easier on the bottom line. In the wake of the 2008 financial crisis, it was easy...

09/22/15
...Manhattan’s most popular shopping strips, Broadway in Soho and Fifth Avenue between 49th and 60th streets, is at a near halt, according...

...investors in major deals from Times Square to Soho to Downtown Brooklyn. This month, as many of these moguls spend the dog days...

07/21/15
...million sellout); Bizzi & Partners’ 96 Varick Street in Soho (115 units, no sellout price detailed); Toll Brothers’ 959 First Avenue in Turtle Bay (113 units, $271 million...

07/07/15
From affordable housing to skyscraper megaprojects, Queens nabbed the spotlight for the majority of large residential projects filed in June with the Department of Buildings....

...her listings. The six penthouses atop the famed Soho building incorporate original details like barrel-vaulted ceilings with ultra high-end finishes, and prices range...

...at WeWork’s space at 175 Varick Street in Soho In New York City’s shared-office world, there is WeWork and Regus, and then...

...company of clothing store Zara, at 504 Broadway in Soho, setting a per-square-foot record for the neighborhood. To date, his six-person firm has closed...

...Park. In addition, over the past two years, Soho China spent $1.9 billion, including $700 million for a stake in the GM building and $600 million...

...greater availabilities. The amount of available space in Soho crept up earlier this year, data from a Cushman report in July showed. And...

Midtown Manhattan
...in Midtown South, and the corridor from roughly Soho to the Flatiron District on Fifth Avenue and Broadway came to be known as...

...last 24 months,” said Alan Miller, managing principal with Soho...

...Associates and the Adjmi family at 529 Broadway in Soho. All these new projects will greatly increase the number of existing properties that rake...

...townhouse at 113 Bedford Street, and a $12.5 million prospective Soho loft building at 508 Broadway. Click to enlarge Click to enlarge Strength in numbers When...

...firm’s seventh location opened at 337 Broadway in Soho in January, while its eighth outpost, a 65-agent office in Greenwich Village, launched last...

...hulking, three-block-long office building straddling the border of Soho and the Meatpacking District may provide relief to tenants priced out of the famously...

...the Louis Dreyfus Property Fund, acquired the 150,314-square-foot Soho office-and-retail building during the peak of the real estate market, in February 2007, for $59 million...

...company,” said Michael Rouzenrouch, president of the six-person, Soho...

...the West Village and the Mercer Hotel in Soho, among others. Hanson said the relatively inexpensive pod hotels — room rates there start at...

...this month), while designer Stella McCartney relocated to Soho in January. “Like ... likes to be with like. Fashion tenants that want to be...
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Market Reports
...while six areas saw a decrease in rents. Soho, where rent averages $556 per square foot, saw the highest year-over-year increase in asking rent...

Cushman & Wakefield
...brands made up 39 percent of retail stores in Soho, and along Fifth and Madison avenues. Soho tops the list as the most diverse...

ABS Partners
...for Dolce & Gabbana at 155 Mercer Street in Soho. View the full report online here. Q2 2015 Manhattan retail leasing: ABS Partners...

MNS
...increases were highest in the Financial District and SoHo, where rent increased 13 percent to $4,322. View the full report online here. January 2015 Manhattan residential...

...year to $883 per square foot. On Broadway in SoHo between Houston and Broome the average asking rent increased 19 percent to $890 per square foot...

...twelve months. Average ground floor asking rents in SoHo on Broadway between Houston and Broome have reached $762 per square foot, an increase of...
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