Many transit riders are disappointed that a proposal submitted by one of New York City’s premier developers to pay for construction to reopen the old Hilton Corridor was never approved by City Hall. The Vornado Realty Trust, had offered to do open the Hilton Corridor in exchange for a zoning variance to construct a high rise office building at 7th Avenue and 32nd Street.
In the pantheon of great New York City squares, Herald Square doesn’t rate very highly. Without the international renown of Times Square or the hip, downtown vibe of Union Square, Herald Square has been relegated to Manhattan’s mid-market chain shopping district.
And while nearby buildings have attracted some of the trendier bargain retailers, like Uniqlo and H&M, Herald Center at 1293 Broadway has had to content itself with Modell’s, Payless Shoes and the New York State DMV. (We’re guessing that Imelda Marcos, who once owned the building with her Philippine strongman husband—through front men Joseph and Ralph Bernstein—wouldn’t have deigned to buy shoes there.)
Thousands of purchases are made each day on the bustling 34th Street corridor, but prime retail space has barely traded at all.
The leasehold interest for two Herald Square area buildings between Fifth Avenue and Broadway has sold for $7.4 million. The buyer is ISTA West 34th Street LLC, an entity affiliated with Lloyd Goldman’s BLDG Read More
Most of the talk about Walmart opening a store in New York City has focused on outlets at the edges of the outer boroughs or possibly small stores scattered here and there. But what if the big-box retailer opened a store in the heart of Manhattan?
That is the real possibility presented by Read More
Desigual, the Barcelona-based clothier whose use of geometric shapes and squiggly lines resembles something a preternaturally talented teenager might concoct, is opening a store in Herald Square, its first New York storefront (indeed, its first American storefront) outside of Soho.
Desigual has signed a lease for the old Baker Shoes retail space at 362 Fifth Read More
Sam Chang has sold Hampton Inn Empire State Building, at 57 West 35th Street, for $46 million, according to city records.
Mr. Chang purchased the development site in 2006 for $13.3 million.
The Hampton Inn, well situated between Fifth and Sixth avenues, near Herald Square, is just the latest McSam hotel to Read More
An ugly little Herald Square office building has traded for $10.5 million, according to city records.
The four-story building in question squats at 49 West 33rd Street, between Fifth Avenue and Broadway. An obscurely named entity called KC129-09 LLC bought the building from another obscurely named entity, 4933 Realty LLC, on Oct. 3. The latter Read More
So much for hitting the brakes.
Sam Chang, New York’s hotelier for the common man, strikes again.
This week he filed an application with the Buildings Department to build a 25-story hotel at 54 West 36th Street, between Fifth and Sixth avenues, near Herald Square.
This will, of course, be the gazillionth Read More
The sale of the Atlantic Bank Building at 960 Sixth Avenue is officially a done deal.
The 16-story, 99,000-square-foot property sold for $105 million on July 13, according to city records. The building sits just north of Macy’s on the corner of 35th Street and Sixth Avenue.
The New York Sun Read More