With the net-lease at 35 Union Square West expiring, the building’s ownership recognized an opportunity to capitalize on the increasing popularity of the Union Square area and increase rents. The development spells doom for the original location of Heartland Brewery, which will vacate its space by year’s end. The 10,200-square-foot space is being marketed by Cushman & Wakefield to a variety of potential tenants, including restaurants and retailers, and, with limited availability, the prime address is sure to get its fair share of interest.
Spread across a 4,000-square-foot ground floor, 2,200-square-foot mezzanine and 4,000-square-foot basement, the space offers a number of different layout possibilities for potential tenants.
Joanne Podell and Brandon Singer of Cushman & Wakefield spoke to The Commercial Observer last week about the space and why it’s such a unique opportunity. “There is very limited availability in Union Square, which speaks to the health of the market,” Ms. Podell noted.