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REBNY Watch

Brookfield Place’s renovation to spur downtown rush

By: Steve Spinola

Brookfield Place’s $250 million renovation is already taking the Financial District by storm and turning the area into one of the premier destinations for millions of New Yorkers and tourists alike.

Steve Spinola
Steve Spinola

After what seems like an eternity of construction, Manhattan’s downtown area is poised to become an even more bustling hub than it already is, and in this case, it will be on an awe-inspiring scale.
The complex itself spans over eight million square feet, and uses this space to bring New Yorkers a complete package in terms exceptional shopping and dining experiences, as well as a range of lifestyle amenities from fitness activations to outdoor exhibits, art installations, and cultural performances, available free of charge all year-round.

Boasting its 10-story glass pavilion centerpiece, the Winter Garden, Brookfield Place is now home to dozens of new shops, restaurants, event locations, and more.

In addition to further enhancing the recent retail boom in Lower Manhattan, Brookfield Place is also giving the area’s 61,000 residents a place to exercise, relax, unwind, and take in the breathtaking waterfront view. For many residents and workers in the area, this exciting renovation will not only result in a great location to enjoy dinner, but an ideal spot to visit for a variety of reasons.

Perhaps the most visited installation to Brookfield Place so far is Hudson Eats, a new food hall featuring 14 authentic New York City eateries and 600 shared seats – all set against Hudson River waterfront views. From Blue Ribbon Sushi Bar, Umami Burger, and Dos Toros to Dig Inn, Num Pang, and Mighty Quinn’s Barbecue, there is no shortage of eateries to satiate all appetites. As if this were not exciting enough, as of 2015, Brookfield Place will be adding a 25,000 square-foot French marketplace, called Le District, .

When renovations are complete in 2015, Brookfield Place will also be among the most expansive and luxurious shopping centers in the city.

Luxury fashion houses such as Burberry, Hermes, Ermenegildo Zegna and Salvatore Ferragamo will open boutiques within the Winter Garden, as well as popular contemporary brands like Diane von Furstenberg, Paul Smith, Vince and Theory will call Brookfield Place home.

Many more retail announcements are expected to follow. Not only will this draw more foot traffic into an area which already sees over 11.5 million tourists per year, but the additional revenue will create even more opportunities for growth and expansion downtown.

The renovations taking place at Brookfield Place are an example of New York doing what it does best – creating a welcoming and enjoyable environment for its citizens as well as its visitors.
I am sure that upon its completion, this newest addition to our city’s downtown scene will be the most impressive yet, and will pave the way for even further improvements to our city.

In other REBNY News:
September 3 from 12:00pm – 2:00pm is the next meeting of REBNY’s Commercial Retail Committee at the Cornell Club. For more information, contact Desiree Jones at

DJones@REBNY.com.
September 4 is the Lower Manhattan Office Building Luncheon. The Luncheon takes place from 12:00pm – 2:00pm, at Delmonico’s, and is open to Lower Manhattan Committee members and their guests. For more information, contact Desiree Jones at DJones@rebny.com.

September 9th is our Residential Breakfast Club Seminar. The seminar takes place from 9:30am – 11:00am in the Mendik Educational Center, and is free for REBNY members only. Registration is required. For more information, contact Yesenia Perez at YPerez@REBNY.com.

September 10th from 12:00pm to 2:00pm is our Residential Sales Council. This event is open to all REBNY Sales Agents and Broker C members, and provides an opportunity to be more active and share ideas concerning business practices and examining market trends. Meets monthly in the REBNY Boardroom. For more information, contact Yesenia Perez at YPerez@REBNY.com, or Angela Donovan at ADonovan@REBNY.com.

September 11th from 9:00am to 11:00am is REBNY’s Residential SFC Meeting. For REBNY members only, this is an open forum for the continuing advancement of educational and business issues that are relevant to residential real estate firms that are current active members of REBNY. The meeting must be attended by owners, principles, or, in special circumstances, a special designee of the member firm. Located in REBNY’s Mendik Educational Center. For more information, contact Yesenia Perez at YPerez@REBNY.com or Angela Donovan at ADonovan@REBNY.com.

September 21 is REBNY’s 1st Upper Manhattan Committee Washington Heights & Inwood Open House Expo! The event is open to the public, and the program will consist of a Meet & Greet and Informational Session from 9:30am to 11:00am, and will be followed by Open Houses from 11:00am to 3:00pm. Venue location and more information will follow, and for further details please email Johann Hamilton at Jhamilton@REBNY.com.

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