This will be City Sports' second Manhattan store. The otherlocation is at 390 Fifth Ave. at 36th Street. City Sports signed onfor 11 years. Muss Development sources tell GlobeSt.com thataverage price of the area is $125 per sf, but they could notdisclose asking or taking rent.
Muss Development LLC purchased 64 W. 48th St., a 17-story,130,000-sf boutique office building in the Rockefeller Center areaof Manhattan, in March for $54.5 million fromWestern Management, which paid $34 million for it two years ago.The owner will work with the retailer to upgrade the retail facadeand make other improvements, including illuminated signage--whichwill be visible from the Avenue of the Americas--and a modernentrance canopy with additional signage. The store is expected toopen in the fall.
Jason Muss, a principal at Muss Development, says in a preparedstatement that the up and coming sporting goods retailer inManhattan was looking for a location with a "significant amount ofpedestrian traffic." Muss was represented by Jedd Nero of CBRichard Ellis Inc.
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