Super-Duper High-End 15 CPW Announces Decidedly Middlebrow Retail Tenants

You’d think that the buyers of $100 million apartments in the stat-warping 15 Central Park West would want something a tad more highbrow–say, a Prada or a Harry Winston–occupying their ground-floor retail espace. Instead, the gilded tenants at the A.M. Stern-designed tower will have a Best Buy, a West Elm, and a JP Morgan Chase Bank.

William Lie and Arthur Zeckendorf, the developers of the building, made the official announcement today, though it was first reported in the New York Post on July 8. According to the release:

In an industry presently experiencing substantial turmoil, the JPMorgan Chase Bank lease represents the largest retail bank branch lease in Manhattan in 2008. The approximate 11,000 square foot space boasts two levels on the northwest corner of 61st Street and Broadway. Construction is expected to commence in the summer of 2008 with the branch opening planned for the 4th quarter of the year.

West Elm, owned by Williams-Sonoma, will occupy over 25,000 square feet of ground floor and second floor space on Broadway between 61st and 62nd Streets. The tenant will take possession of the space in the summer of 2008 with an opening planned for Spring 2009

Only a 2,000-square-foot space remains. Duane Reade, anyone?

 

 

Full release below:

NEW YORK – July 21, 2008 – William Lie and Arthur Zeckendorf of Zeckendorf Development LLC announce the completion of the anchor retail leasing program at Fifteen Central Park West. Over 83,000 square feet of space has been leased to best-in-class retailers including Best Buy, leader in consumer electronic retailing, along with newly signed JPMorgan Chase Bank, one of the country’s foremost banking institutions, and West Elm, a pioneering home furnishing retailer.

The success of the retail leasing program at Fifteen Central Park West marks the completion of the retail streetscape extending from Columbus Circle through Lincoln Square to West 72nd Street which has long been one of the project objectives. The only remaining retail space on-site is a prime 2,000 square foot unit fronting Broadway.

“The conclusion of the majority of the retail leasing to an enviable roster of tenants demonstrates with conviction that high-quality projects hold a unique position in the marketplace even in challenging times,” state Will and Arthur Zeckendorf.

“We are thrilled to announce that we have exceeded current market rates for our tenants at Fifteen Central Park West,” states Gene Spiegelman, Executive Director, Retail Services, Cushman & Wakefield in New York.

In an industry presently experiencing substantial turmoil, the JPMorgan Chase Bank lease represents the largest retail bank branch lease in Manhattan in 2008. The approximate 11,000 square foot space boasts two levels on the northwest corner of 61st Street and Broadway. Construction is expected to commence in the summer of 2008 with the branch opening planned for the 4th quarter of the year.

West Elm, owned by Williams-Sonoma, will occupy over 25,000 square feet of ground floor and second floor space on Broadway between 61st and 62nd Streets. The tenant will take possession of the space in the summer of 2008 with an opening planned for Spring 2009

Super-Duper High-End 15 CPW Announces Decidedly Middlebrow Retail Tenants