Starbucks is about to give FiDi an express shot of java.
The coffee concept just signed a deal to open its first Starbucks Express in the middle of Wall Street.
Alex Rovt’s ROZA 14W LLC signed Starbucks Express to a 538 s/f lease at its building, 14 Wall Street. The transaction marks the first-ever express-format store for Starbucks, which plans to open four more in New York throughout 2015.
“For its first express-format store, Starbucks chose a building in one of New York City’s most fast-paced neighborhoods, Downtown Manhattan. Located in this vibrant and energized area of the city, 14 Wall Street offered the perfect space to house the newest Starbucks venture, while the location provided the ideal clientele,” said Rovt, the principal owner of Roza 14W LLC.
“14 Wall Street is rich in history and home to powerful corporations and retailers, making it an obvious fit for Starbucks.”
14 Wall Street, originally known as the Bankers Trust Building, is a registered New York landmark. The 32-story office building is located on the corner of Wall and Nassau Streets, and is recognized for its seven-story pyramid rooftop, which was inspired by Mausoleum of Halicarnassus in Venice.
The building is located in the heart Lower Manhattan, within walking distance to the newly opened Fulton Center. Alex Rovt purchased the property in 2012 from Capstone Equities and The Carlyle Group. Capstone Equities still maintains a minority stake in the building.
14 Wall Street offers nearly one million square feet of office and retail space and currently has limited office leasing availability ranging from 2,140 square feet to 20,000 square feet. Market rents for small retail spaces at the building can range between $500,000 and $700,000 per year.