St. Regis retail space sells for $117 million

The St. Regis hotel

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The 24,700-square-foot retail space in the St. Regis New York was recently sold to a three-way partnership of property managers for $117 million, according to a press release. GFC Fifth Avenue, which is comprised of Crown Acquisitions, Goldman Properties and the Feil Organization, bought the property, located at 2 East 55th Street at Fifth Avenue, from Starwood Hotels & Resorts Worldwide. The space currently houses luxury retailers such as Bottega Veneta, Pucci and De Beers. GFC has six other retail properties along Fifth Avenue’s Midtown corridor, Including 666 Fifth Avenue and 590 Fifth Avenue. TRD

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