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NEW YORK CITY - Themixed-use office and retail tower under development in DowntownManhattan's Financial District at 25Park Row is seeing a wave of interest from retailers,some with small-to-large footprints and letters of intent forflagship buildouts. The market that has already seen a largetransformation with the renovation of the Fulton Street TransitCenter and will see even further density, Diana Boutross, theexecutive managing director of retail services at Cushman &Wakefield, who is leading leasing efforts for the property, tellsGlobeSt.com.
The retail space at25 Park Row is situated within an art deco-designed buildingwith a storied history, which was once the home of J&R Music,an electronics and music retailer, well-known for its retaillocation on Park Row, across from New York City Hall for anestimated 43 years. Now, the new property in its place offers60,000 square feet of high-ceilinged retail space and is availableand divisible for different retail sizes.
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