Real Estate Weekly
Image default
Deals & Dealmakers

Fashion brand Altuzarra takes office space in the Woolworth Building

Ready-to-wear luxury women’s designer Altuzarra has joined the a catwalk of high-end fashion companies relocation to Lower Manhattan.

Savills Studley announced that the designer has signed a long-term lease for 11,516 s/f at the Woolworth Building at 233 Broadway for its New York offices.

The brand, which was launched in 2008, currently occupies 4,000 s/f at 21 Howard Street in SoHo. Altuzarra will relocate to a portion of the building’s 14th floor in August 2016. Asking rent was $59 per square foot.

Altuzarra joins other luxury brands such as Bottega Veneta, Gucci, Hugo Boss and Brioni already located in Lower Manhattan.

According to Jeffrey Peck, who represented the tenant in the relocation and expansion, Altuzarra prioritized motivating office space that would enable the fashion company to continue to expand and maintain a sophisticated, chic environment.

Jeffrey Peck
Jeffrey Peck

“First and foremost, Altuzarra wanted a corporate office and showroom it considered inspirational — an office that both reflected the company’s culture and workforce and that would inspire creativity,” Peck said.

“The Woolworth Building is an iconic landmark known around the world. As one of the earliest U.S. skyscrapers, the building’s rich history provides an element of grandeur and distinctiveness that was attractive to Altuzarra.”

Peck, an executive managing director at Savills Studley, along with executive vice president Daniel Horowitz and managing director Christopher Foerch represented Altuzarra in the transaction. The building owner was represented by Thomas Hettler of The Lawrence Group.

The 57-story Woolworth Building was completed in 1913 and at the time was celebrated as the tallest skyscraper in the world.

The building most recently set records with the highest-ever asking price for a condominium in Downtown Manhattan for the newly designed penthouse apartment asking $110 million.

(Visited 1 times, 1 visits today)

Related posts

JV to reactivate 76-acre former CA campus

REW

Lincoln Equites sells slice of NJ science campus to BeiGene

REW

BARK brand bites into 52,000 s/f at 120 Broadway

REW