Soho | 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

10/19/18
...lease for six floors at 158 Lafayette Street in Soho and a 23,000-square-foot lease in the former Levitown Lightbulb Factory at Tryad Group’s...

10/17/18
...trio of 11-story office and retail properties in Soho. The refinancing was issued by Morgan Stanley, according to JLL's Aaron Appel, who arranged...

10/11/18
...the landlord, Friedland Property Group. 7) Redemption, 102 Wooster Street, Soho - 5,000 square feet The Italian clothing company inked a lease for 5,000 square feet of...

10/11/18
Stellar Management landed a $75 million mortgage for the Central Park Gardens apartment complex in the Upper West Side. The property, with the address of...

10/10/18
...a joint investor with Shapack Partners in the Soho House property in Fulton Market. — John O’Brien...

10/09/18
...According to Felix Sater, who built the Trump Soho condominium tower in Lower Manhattan and partnered with President Trump on several other projects...

10/08/18
WeWork just signed one of its largest lease deals this year, taking 117,000 square feet at 575 Lexington Avenue in Midtown. The co-working firm’s new...

10/07/18
...you choose between a camper van parked in Soho or The Mark hotel's lofty 10,000-square-foot penthouse? The van is only for one guest...

10/03/18
...contract for the penthouse at 25 Mercer Street in Soho. It was a deal Smirnova said she could never have imagined doing on her...

10/02/18
...Beresford and 111 Greene Street. The penthouse at the Soho Gallery Building spans roughly 3,500 square feet and has a a 528-square-foot terrace. The master...

10/02/18
...purchase of the James New York hotel in Soho. The firm, in partnership with multiple high-net-worth investors, paid $66.3 million — down from the $70 million...

10/01/18
...Village Marketing's Soho penthouse (Credit: Village Marketing) Home sweet influencer's "home." That might as well be the...

...Nestled at the intersection of Soho, Greenwich Village and Tribeca, Hudson Square is seeing a wave of condominium projects that...

10/01/18
...fell on the job site at Arch Companies’ Soho rental development project but escaped serious injury. The worker hit his head as he...

09/30/18
...last night by hosting a party in his Soho loft, according to the New York Post. Ben Stiller, Gina Gershon, Helena Christensen, Uzo...

09/30/18
...The store, which opened its doors Thursday in Soho, is similar to Amazon Books, but with a range of products besides books stocked...

09/26/18
...manufacturer General Motors, started operations at the 16-story Soho office building. In an interview with the Wall Street Journal, which first reported the...

09/25/18
...the company went into contract to acquire the Soho office and retail complex at 300 Lafayette Street. One West End is the first building...

09/24/18
...are in Hell’s Kitchen, one is in Soho and the other is in West Chelsea. The Queens properties are in Astoria and...

09/21/18
...Associates, a London-based firm which worked on different Soho House clubs, designed the interiors of 11 Hoyt. Tishman secured a $380 million construction financing package...

09/21/18
...of my favorite places to go is the Soho House, either in the Meatpacking District or DUMBO. They’re both about 20 minutes from...

09/21/18
...Bond movie, has purchased a full-floor penthouse in Soho at 570 Broome. The home has three bedrooms, three bathrooms and two terraces overlooking the...

09/20/18
...show. Six Sigma’s lender on the project, Soho...

09/20/18
...for Greenwich West, a 167-unit luxury condo in Soho, will begin cropping up downtown before its sales launch next month. But instead of...

09/19/18
Google could open its first long-term store in New York City. Really. The company declined to use an option to terminate its retail lease at...

...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...