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Retail

Feil finishes filling Madison arcade

BRIAN FEIL

The Feil Organization has completed the releasing of the retail arcade at 488 Madison Avenue, signing Mephisto Shoes to 1,854 s/f and Mighty Bowl to 800 s/f.

Both are expected to open in the fall.

Indochino, Bonobos Guideshops, UNTUCKit, City Hats, and Jack Erwin have all opened at the 51st to 52nd Street blockfront building in the past two years after a major renovation and releasing program.

The Feil in-house leasing team, comprised of Randall Briskin, Vice President of Leasing and Nicholas Forelli, Director of Leasing, saw a unique opportunity to build on the success of Bonobos and UNTUCKit to create a new retail vision on Madison Avenue.

The new retailers joined long-term tenant H.L. Purdy Opticians at the building.

“The success of this program was our desire to remerchandise the property with well-established tenants, clicks-to-bricks merchants, and up-and-coming new specialty retailers that have been showing promise as the ‘go to’ merchants of the next generation of retail,” stated Brian Feil, Vice President of Leasing at Feil.

“Our leasing team recognized this opportunity and was able to bring it to fruition”.

The France-based Mephisto Shoes will complete the storefront space along Madison Avenue.

Mighty Bowl, to be located just off the Avenue on West 51st Street, offers Asian-inspired cuisine available for pickup or delivery.

“Both new retailers are ideal for an area that not only draws thousands of office employees daily, but millions of visitors from around the world,” added Feil.

488 Madison comprises 447,000 s/f over 23 stories.

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