Discount fashion retailers eye West 57th Street

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The stretch of 57th Street between Broadway and Eighth Avenue is poised to become a haven for discount fashion-seekers with the arrival of TJ Maxx in time for the 2010 holiday season, the Post reported. The retail chain has leased 28,000 square feet at W&H Properties’ 250 West 57th Street — the entire ground floor, second floor and part of the basement — for its third Manhattan location. W&H, which was asking $350 per square foot for the ground floor, had to relocate several tenants and rezone the property in order to accomplish the deal. TJ Maxx joins the Gap, which also recently signed a lease renewal on the block, but can breathe a sigh of relief because talks between rival discount clothier Kohl’s and Joseph Moinian for space at his 3 Columbus Circle across the street have reportedly fallen through. [Post]

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