Retail and Restaurant development adjacent to Boutique Hotel and Spa. Opportunity to join as one property.
offered at $15,000,000
$0 per month
Retail Development Opportunity Adjacent to a Boutique Hotel
This proposed two level, 4,388 SF retail building is located in the trendy area known as Noho, in Manhattan. Currently, the property is a 3 story loft building, but it will need to be redeveloped as air rights were transferred from it's neighboring proeprty which is also available for redevelopment. New plans have been approved by Landmarks for a one story building with 20’ high ceilings.
The proposed retail building is located in one of the most desirable downtown locations. The area is home to such notable fashion tenants as Billy Reid, Rogan, John Varvatos and Blue & Cream. The property will also benefit from its proximity to the high end developments like Cooper Square Hotel, Ian Schrager’s 40 Bond Street, and the Bowery Hotel. Nearby hotel suites can go for as high as $650/night as seen at the Bowery and Cooper Square Hotels.
The site also benefits by its adjacent location to a 25’ wide contiguous 13 story, boutique hotel development which is available separately. It could be combined to enlarge the hotels food and beverage space if needed.
Ownership will consider an outright sale or a build to suit.