News: Brokerage

Aritzia opens new flagship boutique in SoHo at 560 Broadway

Manhattan, NY According to GFP Real Estate, LLC, leading Canadian fashion retailer Aritzia has opened a new SoHo Flagship Boutique at 560 Broadway, signing a lease extension and taking additional space within the building. Aritzia’s new Flagship Boutique reinforces its commitment to the prime SoHo address and marks a new chapter in the building’s evolution as a premier retail destination.

GFP Real Estate representatives Neith Stone, Donna Vogel, and Jeffrey Gural represented the landlord, GFP Real Estate, in the transaction, while Ariel Schuster and Jason Wecker of Newmark represented the tenant, Aritzia. The new long-term lease is a strong indicator of both Aritzia’s confidence in the SoHo market and the value of this corner location, renowned for its high visibility and proximity to Manhattan’s top shopping destinations.

Ahead of its opening, Aritzia has supported renovations at 560 Broadway, including new escalators and updates to the ground floor, ensuring Aritzia’s newest SoHo Flagship Boutique will offer an elevated shopping experience.

Formerly occupied by Dean & DeLuca, Aritzia’s new Flagship Boutique boasts distinctive cast iron architecture, marble surfaces, large archways and steel and glass partitions. The Aritzia space includes texture of wire-wheeled oak, tin-coffered ceilings, and a palette of neutral greys, whites and industrial blacks — softened by bronze glass accents.

“Aritzia’s expansion on 560 Broadway is a testament to the building’s premier corner location and its ability to cater to high-profile retailers,” said GFP Real Estate’s Neith Stone. “Aritzia’s decision to extend and expand its lease shows their faith in SoHo as a thriving retail hub.”

Built in 1884 and designed by architect Thomas Stent in a neo-Grecian style, 560 Broadway is a six-story, 175,000 s/f boutique office building. Located in Soho’s cast-iron historic district, its relocated lobby and entrance features materials such as backlit "bullet-glass," exposed brick, white marble and large original timber beams that were salvaged during renovation and hung from the lobby's ceiling.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,