The Commercial Observer: Tell me how Eataly, Mario Batali’s new food emporium, came to lease space at the former Toy Building at 200 Fifth Avenue? From what I understand, they were originally looking for a significantly smaller space.
Mr. Levinson: They were in the market for a while, looking to develop something Read More
We reported earlier today on the October rise in Manhattan’s office vacancy rate because of big spaces spilled onto the market and up for lease. These included the old New York Times building at 229 West 43rd Street. Other big spaces that opened up in October include, according to Colliers ABR:
A 16-story building across the street from the Flatiron building and next to the Toy Building was sold for $235 million, according to city records.
Joseph Chetrit sold 1107 Broadway, at 24th Street, to Tessler Developments, a city-based real estate developer. Mr. Chetrit sold the Toy Building at 200 Fifth Read More
The Toy Building is a closed deal. L&L Holding Company paid $480 million for 200 Fifth Avenue to The Chetrit Group. The buy also includes a four-story building at 23 West 23rd Street, next-door to the Toy Building.
The Chetrit Group purchased the building in 2005 for $355 million with intentions to convert Read More