Related Picks Winick to Market Luxury Tower Retail
Al Barbarino Aug. 14, 2013, 2:15 p.m.
Related Companies has selected Winick Realty Group to exclusively market four newly-constructed retail spaces that will anchor a 34-story luxury residential building at 500 West 30th Street.
Located at a crossroads between the High Line, Chelsea and Hudson Yards, the tower offers retailers a space at the base of 390 residential units set to be completed in 2014.
“Well-respected companies like SAP, L’Oreal USA and Coach have already leased office space at Hudson Yards because of the unparalleled amenities it will offer its residents, employees and visitors,” Winick President Steven Baker and associate Sam Mann said, in a joint statement. “Before you know it, this area of Manhattan will be a city within a city.”
One of the spaces is a 3,595-square-foot store with 120 feet of wraparound frontage on the southwest corner of 30th Street and 10th Avenue, envisioned as a restaurant space.
Also available is a 1,300-square-foot stand-alone restaurant building with potential for a rooftop space overlooking the High Line; a 1,766-square-foot retail store; and a 1,012-square-foot retail site at the entrance to the High Line.
Wells Fargo provided a $190 million construction loan for the development in June.