2) Not One, but Three Retail Cores

The three retail magnets: Brookfield Place, Westfield's WTC retail, and South Street Seaport. Brookfield retail leasing head Ed Hogan (second from right, whom we snapped with RK Realty Advisors' Larry Rose and Brookfield's Jason Morrison and Alex Liscio) says the commitment of brands to Lower Manhattan has made the submarket (really a world-class city in its own right) a global stage. The international appeal applies to residential, as well. Wealthy world citizens could live anywhere, he says, and they're choosing Downtown.

Westfield's David Ruddick (right, with Maury) says his firm's $1.4B investment in WTC retail (after buying out partner Port Authority last week) is its largest in the world and that tenant announcements are coming soon. Silverstein co-CEO Marty Burger sums it up: 900k SF of new retail at the WTC and Brookfield, all connected. And on the East River, Chris Curry says, his firm is remaking South Street Seaport for Downtown residents. Tourists will always come for the view of the Brooklyn Bridge and to see the tall ships, but HHC wants its development to be a place locals would visit daily.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

NYC Lawmakers Consider Mandating Lease Extensions For Retailers

NYC Pushes To Use Opportunity Zone 2.0 For Mamdani's Housing Goals

Philly's Busy Summer Created Momentum. Can The City Turn It Into Long-Term Growth?

Where Capital Meets Opportunity: Navigating The Next Wave Of CRE Financing At Bisnow’s Event On Sept. 30

Discussing Strategic Capital Stack Structuring At Bisnow's Sept. 30 National Finance Event

Bally's Lines Up $560M Loan For Bronx Casino: The N.Y. Deal Sheet

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Taconic Partners Sheds Another NYC Life Sciences Property

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where