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Great news item by Lauren Elkies Schram of the Commercial Observer about Zara last week:
The major Spanish retailer opened a three-story store at 222 Broadway last year, but they did not have enough stock space, per Cushman & Wakefield’s C. Bradley Mendelson. In turn, Zara has signed a lease for 9,900 square feet in the sub-basement in the 1961 office building, which is between Ann and Fulton Streets, bringing the chain’s square footage in the building up to 40,100 square feet. This is part of a 15-year lease.
Congratulations to Zara on its thriving downtown business.