Consolo of Douglas Elliman chosen to market 22,000 s/f retail space at 347 Fifth Avenue

With a base floor plate of 5,400 s/f, this location will have four levels and will boast a newly designed glass wall storefront. The storefront will be transparent from the exterior giving the future retailer, bank, service institution, and/or restaurant, an exciting facade to attract business. The location is an ideal setting for retail. According to Luxury Daily, New York ranks as the top retail city for its physical characteristics and its perceived desirability. Shoppers spend more than other large cities worldwide. Oxford Economics measures its total expenditures at $258.3 billion and New Yorkers spend an average of $8,500 per capita. Neighboring merchants along 34th St. and 5th Ave. include the new arrival of Build-A-Bear and Amazon's first store in New York City. There are additional retailers such as American Eagle, Victoria's Secret's, H & M,ZARA and UNIQLO. All the big retailers are there. "The foot traffic from The Empire State Building, Macy's, and Lord and Taylor Department Stores alone, all the best New York City has to offer. Nothing else compares to pedestrian traffic at this location. We are located within one of New York's major heartbeats," says Faith Hope Consolo, recognized worldwide as the "Queen of Retail." The property previously housed three retailers with a long rental history.Consolo was waiting for the right opportunity to transform the space into a highly visible retail space. "Just with the vertical nature alone, one will be able to see the property from blocks away." Consolo has decades of experience and was the sole retail consultant to theEconomic Development Corporation at  the center of the revitalization ofTimes Square and Penn Station. She has also been a key player in Fifth Avenue's return as the "Luxury Walk" and Madison Avenue's once again achieving its glitter as the "Golden Mile."