NEW YORK CITY - The mixed-use office and retail tower under development in Downtown Manhattan’s Financial District at 25 Park Row  is seeing a wave of interest from retailers, some with small-to-large footprints and letters of intent for flagship buildouts. The market that has already seen a large transformation with the renovation of the Fulton Street Transit Center and will see even further density, Diana Boutross, the executive managing director of retail services at Cushman & Wakefield, who is leading leasing efforts for the property, tells

The retail space at 25 Park Row is situated within an art deco-designed building with a storied history, which was once the home of J&R Music, an electronics and music retailer, well-known for its retail location on Park Row, across from New York City Hall for an estimated 43 years. Now, the new property in its place offers 60,000 square feet of high-ceilinged retail space and is available and divisible for different retail sizes. 

“We’re negotiating on different divisions,” Boutross said. “We had a lot of activity at the ICSC [International Council of Shopping Centers] conference with interesting tenants spanning from fitness to food, dry retailers such as clothing and shoe retailers and wet retail; restaurant and food retailers.” 

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Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

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