News: Brokerage

Wonder Bar leases at Woolworth Building

Manhattan, NY The Woolworth Building is adding another hospitality concept to its culinary lineup: Wonder Bar, an all-day café and natural wine bar, has signed a 1,114 s/f lease in the former five & dime space at 8 Park Place within the building.

Developed by the same team behind Goody’s — the French-inspired restaurant with a contemporary twist on dining, art, and culture, replacing the former Wooly’s restaurant by end of year — Wonder Bar is the next step in reawakening the landmark as a hub for hospitality and culture in downtown.

A collaboration between Woolworth owners Cammeby’s International and Witkoff, alongside Studio Castellano and Social Services, the new concept will energize a portion of the ground floor with a flexible, all-day format: fast-casual, grab-and-go breakfast and lunch options by day, and a wine-forward, intimate experience by night. Wonder Bar will fill a much-needed gap in the neighborhood— offering organic wines, wholesome small plates, and a relaxed, community-driven energy in one of New York’s most iconic buildings.

This new retail lease is another key step in the Woolworth Building’s thoughtful transformation — part of a larger effort to reintroduce this architectural icon as a downtown hub where history, hospitality, and innovation intersect. As Lower Manhattan continues to evolve into a thriving cultural corridor, Wonder Bar will bring revitalized F&B options to the building’s ground floor, complementing anchor tenant Goody’s and reinforcing Cammeby’s vision of Woolworth as more than a historic address, but a renewed destination for the city’s creative and professional communities alike.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,