Starbucks Replacing Shuttered 1460 Bway Location With One at 1411 Bway
By Lauren Elkies Schram December 7, 2016 1:00 pm
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Starbucks Coffee has signed a deal for 4,000 square feet at 1411 Broadway between West 39th and West 40th Streets, sources told Commercial Observer.
The owners, Callahan Capital Properties, The Swig Company and Ivanhoé Cambridge, have signed a ground-floor retail deal with the java giant, a group spokesman confirmed, for a space previously occupied by American Greetings. The transaction is for 10 years, the sources said, and the asking rent was $450 per square foot.
Starbucks was forced to close a year ago at the nearby 1460 Broadway between West 41st and West 42nd Streets due to a building-wide renovation. The new store at the 39-story, 1.2-million-square-foot 1411 Broadway will open this winter, the sources said.
Amira Yunis and Anthony Stanford of CBRE represented the landlords. David Firestein of SCG Retail represented Starbucks. Yunis and Firestein declined to comment.
Meanwhile, on Monday Starbucks is opening at 3165-67 Broadway at Tiemann Place (the equivalent of West 124th Street, as CO reported yesterday.
