Vornado Realty Trust is increasing its focus on its $2 billion investment in the redeveloped Penn Station-area office towers by bringing in new dining options, including a 150-seat outpost of the Bromberg brothers’ Blue Ribbon empire at Penn 1. This move marks Vornado’s most significant culinary endeavor at its Penn campus, which has seen tremendous …
Recreating this content while optimizing it for SEO, enhancing its creativity and uniqueness, improving syntax and tone, increasing perplexity and burstiness, and retaining the HTML tags: The Domino Sugar Plant: From Molasses to Fitness Prepare to witness a transformation like no other. The historic Domino Sugar plant, once filled with the sights and sounds of …
According to a recent CBRE survey, midtown and downtown areas are experiencing a revitalization thanks to an influx of new restaurant leases. The study highlights the noticeable increase in activity during the summer months and suggests that the signing of over 100 eatery leases is a positive sign for the future of these districts. This …
The retail leasing scene, excluding restaurants, is a complex one that defies easy generalizations, making it difficult to analyze. Brokers and analysts often find themselves frustrated with retail data from brokerages and the Real Estate Board of New York due to these challenges. While we acknowledge the effort that goes into their research, the problem …
There is a greater number of employees working in New York City offices than commonly believed. According to a survey released by the Partnership for New York City, 58% of Manhattan office workers are present on an average weekday, an increase from 52% in late January 2023 and 49% in September 2022. These figures differ …
The historic six-story building located at 555 W. 25th St. in the thriving Chelsea gallery district has recently secured three new tenants, optimizing its presence in the real estate market and igniting excitement within the art community. In a deal that has garnered much attention, world-renowned art icon Larry Gagosian has expanded his Manhattan presence …
Fashion designer Marc Jacobs is currently in negotiations with the owners of 645 Fifth Ave. to establish a new flagship store, according to sources in the real estate industry. Marc Jacobs recently closed its Madison Avenue store and plans to relocate to Fifth Avenue. However, no official lease has been signed with the landlord of …
The Fulton Street Mall in Brooklyn has undergone a transformation with major national brands such as Nordstrom Rack, American Eagle Outfitters, Gap, Pandora, and Aldo replacing cheap fast-food and junk stores. Macy’s has successfully adapted to a reduced size, while the iconic Gage & Tollner restaurant has brought back the dining glamour of Fulton Street’s …
Famed chef Michael White, known for his innovative approach to Italian cuisine at renowned Manhattan restaurants like Marea, is making a comeback in East Midtown. White has signed a lease for a new restaurant at Tishman Speyer’s 520 Madison Avenue, signaling the area’s slow but steady revitalization. This is the sixth high-profile restaurant deal to …
In a significant development for the Durst Organization’s Third Avenue portfolio, the Empire State Development Corp. will relocate its headquarters to 655 Third Ave. The recently-signed lease for 117,181 square feet may be the largest new lease in Midtown so far this year. ESDC will occupy five full floors in the 30-story, 425,000 square-foot tower. …