Located at the corner of Post and Grand, 185 Post is surroundedby high-end retailers such as Hermes, Coach, Burberry, Cartier,Prada, Bulgari and others. Coach leases space at 180 Post, whichsits across the street from 185 Post and also is owned byGrosvenor, which also owns 251 Post, whose tenants include SharperImage. First floor rents for premium locations in the Union Squarearea range from $350 to $450 per sf per year.

Grosvenor acquired 185 Post from Prada, which acquired thebuilding in 1996 with plans to open a multi-level flagship at thelocation, according to local sources, but the project nevermaterialized. Grosvenor hasn't revealed the purchase price, whichlocal sources say was about $11 million. The building wasoriginally constructed in 1907.

Grosvenor, which has a penchant for buying up properties onhigh-end retail streets worldwide, has completed a full renovationof 185 Post, including a seismic upgrade and new building systems.The original 1907 brick exterior was preserved by encapsulating itin layers of translucent and frosted glass.