The mega-merchandiser of home furnishings is looking to cash in on Lower Manhattan's residential renaissance, with Trinity Church as facilitator.
"Hot on the heels of news of a likely deal at 7 World Trade Center, another major deal is in the works in Lower Manhattan. But instead of an office lease in a spanking new tower across from Ground Zero, this deal involves a key retailer taking space just north of Tribeca. It would represent a huge corporate embrace of the burgeoning downtown residential market by a leading national retailer...
...The building is owned by the real estate arm of New York's legendary Trinity Church, which since the late 1990s has been reshaping the 19th century industrial district as Hudson Square, a mixed-use office, creative and residential area. Trinity owns some 6 million square feet in 18 buildings in Hudson Square."
Thanks to Peter Slatin
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