![]() Among its other features - a five-story atrium, and a glass wall the size of an acre created by James Carpenter that will reflect the city’s skyline. Hudson Yards’ retail center will be arranged into districts segmenting major categories, such as beauty, to make the shopping easier. ![]() Generally, Hudson Yards is signing seven- to 15-year leases, so there won’t be too many long-term leases limiting the ability to attract new retail concepts, and too many leases expiring simultaneously, creating pressure to re-tenant. The upper levels are in the $200-a-square-foot range. Rents on the first retail level will run from $400 to $750 a square foot, with smaller retailers like jewelers paying higher rents. We haven’t made deals with all of them yet, but that’s part of the tenant mix you hope to bring.” “Should we have a Nike? An Under Armour? And deliver the sports category? Yup. “There will be a democratic mix,” Himmel said earlier. Hudson Yards won’t be all luxury, though the category will occupy 20 percent of the retail space, including Neiman’s. The ground level, which will have a lot of luxury, will be off the charts - $4,000 a foot.” “At third-year stabilized numbers, we’re looking at more than $2,000 a square foot on average. He’s also forecasting high productivity for the specialty stores. “I’m not sure what they will say, but I absolutely believe they will do $200 million a year out of the box. Don’t forget, Neiman’s is going to deliver an enormous assortment of luxury,” Himmel said. In an interview with WWD earlier this year, Himmel said, “The Cartiers, the Van Cleefs, the Pradas, the Hermèses of the world, luxury watch brands - those are the kind of tenants we are in dialogue with. Himmel, president and chief executive officer of Related Urban, the mixed-use division of Related Companies. “The west side of Manhattan is one of the most under-served retail communities in the city, and our aspiration is to assemble a collection of retailers and restaurants befitting the new neighborhood and the city,” said Kenneth A. ![]() The adjacent five-acre public square and gardens is also expected to be completed in fall 2018. It will be Neiman’s first store in New York City. It’s seen operating with a total of about 100 stores and restaurants.Īs previously reported, Neiman Marcus, H&M, Zara, Coach and Stuart Weitzman will have stores in The Shops & Restaurants. ![]() Hudson Yards said Wednesday that the retail and restaurant complex is nearly 60 percent leased, through its various levels will have 20 blocks of shopping and dining, and will open in fall 2018. Kathleen Ruiz Creates Division to Take on Global Event Production ![]()
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