Updating a Lower Manhattan Landmark: Restaurant and Apparel Included
Gus Delaporte Aug. 8, 2013, 9 a.m.
Completed in 1923, 195 Broadway served as the headquarters for American Telephone and Telegraph and Western Union, and it currently boasts Thomson Reuters as a major tenant. Acquired by L&L Holdings in 2005, the Financial District property has been repositioned to capitalize on retail opportunities on the ground floor.
Marketed by Cushman & Wakefield, the majestic space will be divided for up to three tenants, including a restaurant, with whom brokers are now in discussions with to open an upscale eatery with access to a 30th floor rooftop deck. Located across from the Fulton Street transit hub, 195 Broadway’s retail space is ideally suited for apparel and jewelry retailers. Alan Schmerzler, executive director at C&W, spoke with The Commercial Observer last week about the building’s unique challenges and potential opportunities.