Winick Realty Group has been selected by Brookfield Office Properties to exclusively market 40,000 square feet of vacant sub-level retail space at One New York Plaza.
The space, damaged during Hurricane Sandy and slated to be rebuilt and repositioned, makes up the concourse level of the 2.6-million-square-foot Class A tower, with entryways on Whitehall, Broad and Water Streets.
Post-Tropical Storm Sandy
Brookfield Office Properties was forced to gut the 31,000-square-foot, sub-level retail concourse at One New York Plaza after severe flooding brought on by Hurricane Sandy destroyed it, and now the commercial real estate owner plans to rebuild the space and bring new tenants in, The Commercial Observer has learned.
The estimated 23-million-gallons of water that flooded the lower levels of the building were removed within a week of the storm’s touchdown on the southern tip of Manhattan.
But as of Monday night, multiple giant yellow heating ducts resembling something from an alien horror flick continued to pump warm air into the building’s retail center – The Plaza Shops – amid the rumbling of temporary generators.
Tales of Investments
Greenwich-based REIT Urstadt Biddle Properties has acquired an interest in a limited liability company that it said will both own and operate the Orangetown Shopping Center, at 15 Dutch Hill Road in Orangeburg.
The Rockland County shopping center is 75,000 square feet and anchored by a 12,400-square-foot CVS drug store. Other tenants there include Allstate, Dunkin Donuts and Subway. Overall, it’s 96 percent leased, UBP’s CFO John Hayes tells The Commercial Observer.
Planes Trains & Automobiles
Westward, ho… after all!
In the confusion following the disappearance of the ARC Tunnel last month, the biggest question seemed to be what would happen to the $3 billion the federal government had set aside for the trans-Hudson train tunnel, by certain measures the largest transportation project ever undertaken. Local politicians, including Mayor Bloomberg Read More