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Retail

RKF bringing 40,000 s/f of prime Meatpacking stock to retail market

RKF has been named the exclusive retail leasing agent for 39,651 s/f of retail space in three buildings owned by affiliates of Rockpoint Group and Highgate in Manhattan’s Meatpacking District.

The firm will market the available retail space at 412 West 15th Street, 413-419 West 14th Street and 421-435 West 14th Street.

RKF chairman and CEO Robert Futterman, vice chairman Karen Bellantoni, vice president Caleb Petersen and associate Pierce Thompson will lead the retail leasing efforts for the three properties on behalf of affiliates of Rockpoint Group and Highgate.

Located between Ninth and Tenth Avenues, 412 West 15th Street is a planned new-construction 18-story, 130,000 s/f office building that will offer 7,059 s/f of retail space on the Ground Floor and 5,117 s/f on the Lower Level.

It is situated directly across from the highly-trafficked Chelsea Market, making it an ideal location for high-end QSRs or restaurants, as well as fashion retailers, say the brokers.

One block over on 14th Street, the four-story building at 413-419 West 14th Street offers 6,694 s/f of retail on the ground floor and 5,175 s/f on the lower level, while the three-story building at 421-435 West 14th Street currently has available 15,606 s/f of retail space on the ground floor.

The spaces on the Ground Floors of both buildings are fully divisible, and located near retailers that include Apple, Diane von Furstenberg, Alice and Olivia, BOSS and The Kooples, as well as the entrance to the High Line.

RKF is targeting fast fashion, contemporary and luxury retailers for these spaces.

ROBERT FUTTERMAN
ROBERT FUTTERMAN

“RKF has a successful track record in the Meatpacking District, having represented similar properties and several notable retailers in the area,” said Futterman.

“We look forward to continuing to transform the market with ownership by attracting and curating the right mix of retail tenants that will strategically fit within these highly-desirable retail spaces.” The Meatpacking District is evolving from a lifestyle shopping, dining and tourist destination to a tech and creative hub as well.

Google’s parent company, Alphabet, currently occupies approximately two million square feet of space across four buildings, and the area continues to attract a growing number of TAMI (technology, advertising, media, information) tenants. Additionally, about 600,000 s/f of commercial space is expected to come online within the next five years.

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