Posted Jan 17, 2025, 10:51 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,641
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https://nypost.com/2025/01/17/real-estate/retailers-are-fighting-to-find-space-in-prime-nyc-hoods/
By Lois Weiss
Jan. 17, 2025
Quote:
If the large Barney’s at 660 Madison is cut into smaller stores, Soutendijk says they would quickly lease due to demand in that East 60th Street area that straddles the world of offices and luxury apartments.
Nearby, the office building at 625 Madison is being demolished and rebuilt by Related as a 1,220-foot-tall, 66-story, 101-unit luxury condo tower designed by SLCE architects with its eastern blockfront between East 58th and 59th streets, set to be chock full of new stores.
“They are already having conversations and not opening until 2027,” Soutendijk said. “It will be great physical space with new storefronts and signage and it will be an incredible blockfront.”
A block north, between East 60th and 61st streets, Gary Barnett is razing 655 Madison Ave. to build a 37-story condo with 62 units that will likely include retail.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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