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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.
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01/21/19
...the 122-room Hotel Hugo at 525 Greenwich Street in Soho in partnership with his uncle, Fortuna Realty Group’s Morris Moinian.
Felix Roasting opened...
01/17/19
...a loss on the sale of his full-floor Soho condo.
An LLC that lists Jonathan and Claire Ziegler Smidt as members sold unit...
01/16/19
WeWork has signed a handful of new leases for its growing mid-size tenant business. HQ by WeWork, which launched last August to provide office space...
01/16/19
...the city’s priciest places after Tribeca and Soho, according to a ranking by PropertyShark. Tribeca once again took the top spot despite...
01/11/19
...store at 600 Broadway
Hollister’s massive flagship in Soho is one of the first stores subway riders see when they emerge from the...
01/08/19
...Sutton and Eliot Tawil.
4) The North Face, 584 Broadway, Soho - 13,000 square feet
The outdoor clothing brand signed a lease for 13,000 square feet of...
01/04/19
The penthouse at 520 Park Avenue — once seeking $130 million — was among several trophy apartments seeking nine-figure sums when it hit the market...
01/02/19
...Anthony of Padua. The price tag for the Soho property was $19 million.
2.) Jam Real Estate Partners sold a five-story, 17-unit Kipp's Bay apartment...
01/02/19
...The hotel is located at 9 Crosby Street in Soho. Sapir Organization CEO Alex Sapir and his partner Gerard Guez bought it from Deutsche...
01/01/19
...development from his grandmother, an early investor in Soho. His father — with whom he partners on hospitality plays, including the Greenwich Hotel — also...
...the 122-room Hotel Hugo at 525 Greenwich Street in Soho in partnership with his uncle, Fortuna Realty Group’s Morris Moinian.
Felix Roasting opened...
...the city’s priciest places after Tribeca and Soho, according to a ranking by PropertyShark. Tribeca once again took the top spot despite...
...store at 600 Broadway
Hollister’s massive flagship in Soho is one of the first stores subway riders see when they emerge from the...
12/26/18
...Homes are priced lower than nearby neighborhoods like Soho and Tribeca.
10. 40 East End Avenue, Lightstone Group | $198.87 million
This Upper East Side condo project...
12/21/18
Acuity Capital Partners has purchased 545 Broadway in Williamsburg for $23.25 million from Blesso Properties, according to sources familiar with the deal. The property is...
12/21/18
...Some developers and brokers tried to call it Soho and Tribeca. But now, Hudson Square’s name might actually stick.
Google’s parent...
12/21/18
...buyers are.
Pastore is representing Sharif El-Gamal’s Soho Properties in an ongoing dispute with an entity called 560 Seventh Avenue Lender LLC.
Soho...
12/20/18
...said bye, bye, bye to their penthouse at Soho Mews.
The home at 311 West Broadway sold for $6.35 million, in line with the last...
12/17/18
Following the sudden death of developer Lou Ceruzzi last year, executives at his firm scrambled to come up with a direction for the company that...
12/15/18
...by. Focus is on the Tribeca Tavern sign.
2. Soho
MidtownSoho Broadway street scene on a sunny Autumn day with people crossing the street...
12/13/18
...Brooklyn
Tech firm Blue State Digital is leaving Soho for DoBro.
The company, which specializes in online fundraising and social networking, has inked...
12/12/18
...a commercial condo unit at 42 Crosby Street in Soho to Premier Equities for $14.3 million.
Other recent property trades in and around Morningside Heights...
12/11/18
...in 2005 to Lower Manhattan neighborhoods such as Nolita, Soho, Tribeca and the West Village.
NYC on track to meet affordable housing goals
The...
12/07/18
...Gucci's Soho store
Gucci has extended its lease in Soho for at least 10 years.
The company...
12/06/18
...-a-year apartment along the High Line and open Soho House-type club at Aby Rosen's 281 Park Avenue...
...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...
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...
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...
...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.
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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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...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...
...brands made up 39 percent of retail stores in Soho, and along Fifth and Madison avenues. Soho tops the list as the most diverse...
...for Dolce & Gabbana at 155 Mercer Street in Soho. View the full report online here.
Q2 2015 Manhattan retail leasing: ABS Partners...
...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...
