If the future of work-from-home is inevitable, no one mentioned it to Ralph Lauren Polo.
The fashion giant recently extended its lease for 250,000 square feet of offices at RXR’s Starrett-Lehigh Building on a long-term basis. This space accounts for over ten percent of the entire 2.3 million square-foot building.
Although RXR managing director Bill Elder couldn’t comment specifically on Ralph Lauren’s decision, he did note a significant increase in the building’s overall population this year.
The Starrett-Lehigh Building, located between Eleventh and Twelfth avenues and West 26th and West 27th streets, is more than seventy percent leased. Elder attributes its appeal to the extensive range of amenities it offers, including Marcus Samuelsson’s Hav + Mar restaurant, the Olly Olly food hall, and the 601 Athletic Club.
Rents for the building range from the low $60s to the upper $70s per square foot.
Other tenants at the Starrett-Lehigh Building include OXO, Johnson & Johnson, and Fashionphile, a retailer specializing in pre-owned, ultra-luxury accessories.
Ralph Lauren was represented by CBRE’s Eric Deutsch and Ken Myerson, while RXR’s Dan Birney represented the landlord.
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