Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-A joint venture between Philips International and Rhodes NY has just broken ground on the retail portion of 72nd and Broadway. The 48,000 sf of retail will sit at the based of a 19-story luxury rental tower rising at 2075 Broadway. The total project cost is $200 million.

The Upper West Side project will offer 22-foot ground-floor ceilings and glass storefronts with 200 feet of wraparound frontage. “There are very few spots in Manhattan that offer the exposure 2075 Broadway will and a design that offers incredible visibility,” Robert K. Futterman, chairman and CEO of Robert K. Futterman & Associates, says in a statement. “2075 Broadway is a fabulous location to reach the young, affluent residents and shoppers of the Upper West Side.” The firm is the exclusive leasing agent for the project.

A spokeswoman for Futterman tells GlobeSt.com that no leases for the retail portion of 72nd and Broadway have been signed at this time. She adds asking rent is $550 per foot for space on the ground floor, $100 per foot for the mezzanine and $225 per foot for the second floor. The asking rents for the lower floor is $125 per foot, she says, and $100 per foot for the sub-lower floor. No prices have been set for the rental units as yet.

The Gotham Organization is developing the rental tower, which is designed by Handel Architects. 2075 Broadway is expected to be complete by the fourth quarter 2009.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.