Winick Realty Group announced it has been selected by Related Companies to exclusively market four newly-constructed retail spaces at 500 West 30th Street, a building strategically located at the convergence of the High Line, Chelsea and Hudson Yards.
500 West 30th Street will be completed in 2014 and will offer retailers an opportunity to occupy the ground floor of a 34-story luxury residential tower.
In addition to serving the residents who will occupy the 390 apartments in the building and residents of the West Chelsea neighborhood, retailers will have direct access to the tens-of-thousands of New Yorkers who will live and work in the Hudson Yards development, as well as the millions of tourists who will visit the neighborhood each year.
Winick President Steven E. Baker and his associate Sam Mann are marketing the retail availabilities in this “expanding neighborhood at the crossroads of the dynamic West Chelsea and the burgeoning Hudson Yards,” the brokers explained.
The area is in the midst of a development boom with Related’s 13 million s/f mixed-use Hudson Yards, with the first commercial office tower slated for occupancy in 2015.
“Well-respected companies like SAP, L’Oreal USA and Coach have already leased office space at Hudson Yards because of the unparalleled amenities it will offer its residents, employees and visitors.Before you know it, this area of Manhattan will be a city within a city,” said Baker and Mann. “We are looking for retailers with an entrepreneurial spirit to bring some of the first amenities to 500 West 30th Street, and capture the excitement of West Chelsea and the millions of people who will soon be visiting the Hudson Yards neighborhoods.”
The four availabilities at 500 West 30th Street include a 3,595 s/f store with 120 feet of wraparound frontage on the southwest corner of 30th Street and 10th Avenue, which Baker and Mann envision as a prime location for a restaurant.
Also available are a 1,300 s/f stand-alone build-to-suit restaurant building directly adjacent to the High Line with the potential for a rooftop space overlooking the High Line; a 1,766 s/f retail store and a 1,012 s/f site located at the entrance to the High Line.