On the Market
Glasgow Caledonian University, one of the largest universities in Scotland, opened its first New York City campus at 64-68 Wooster Street in Soho yesterday, Commercial Observer has learned, to coincide with Scotland Week.
As Commercial Observer reported last October, the school signed a 15-year, 13,500-square-foot lease for the entire ground floor and lower level. The school has been doing construction ever since, landlord Zar Properties’ David Zar said.
A 12,600-square-foot retail condominium at 62-66 Thomas Street in Tribeca, home to upscale Japanese restaurant Megu, is on the market after a price reduction and company buyout aimed at expanding the brand worldwide.
The price was reduced to $14.7 million from $16.8 million, as a new ownership group forges big plans for the brand, sources tell the The Commercial Observer.
Stranger & Stranger, a liquor branding and packaging design company based in London, has taken the penthouse space at 42 Greene Street as its new SoHo office, The Commercial Observer has learned.