Second Saks Fifth Avenue to Open in Lower Manhattan

Source: Commercial Observer

Iconic retailer Saks Fifth Avenue will open a second New York store at Brookfield Place as its owner, Hudson’s Bay Company (HBC), plans to consolidate its New York City offices and relocate to the complex.
First reported by Real Estate Weekly, HBC has signed an approximately 20 year lease for roughly 400,000 square feet of office space. This includes leasing property at 225 Liberty Street and 250 Vesey Street. According to Bloomberg News, the new Saks will occupy 85,000 square feet across three stories. Brookfield Place is a four-building, 8.5-million-square-foot complex on the Hudson River in Lower Manhattan. Read full story

Comments are closed.