More in Flatiron News

Broker Breakfast Recap & Press Release

On Thursday, October 30th, the Flatiron/23rd Street Partnership Business Improvement District (BID)  held a broker breakfast at Almond and issued the fourth annual Flatiron: Where Then Meets Now report showcasing the significant development and growth of the commercial and residential sectors in the district.

"As this report clearly demonstrates, Flatiron is bustling with activity, new amenities, and an unrivaled allure,” said Jennifer Brown, the Flatiron/23rd Street Partnership’s Executive Director. “New York City is known for its creativity and resilience, and Flatiron exemplifies the best of our city: a place that more people are calling home, setting up shop, and visiting for a dynamic and engaging experience.”

At the event, Real Estate Board of New York Senior Vice President of Research Michael Slattery delivered opening remarks, and detailed new research about Manhattan’s retail leasing market in REBNY’s Fall 2014 Retail Report.

“The Flatiron District is doing very well,” Mr. Slattery said. “Increases in the average ground floor asking rents are indicative of Flatiron as an emerging and dynamic mixed-used neighborhood. The Flatiron BID is making an important and valuable contribution to this mixed use neighborhood.”

The event featured a retail roundtable moderated by Amir Korangy, Publisher of The Real Deal, and comprised of panelists David LaPierre, Senior Vice President for Research, CBRE; Rebecca Anhalt, Director NYC Stores, DKNY; and James Garson, CEO & Co-Owner, DataVision.

“The Flatiron District has become an undeniable center for Manhattan, not only for its distinctive development, like One Madison and Ian Schrager's Edition, but for a vibe and energy that's derived not only from tourists but from New Yorkers,” said Mr. Korangy.

“What Flatiron has that makes it very special is that it has a number of very strong anchor tenants that are really the DNA of this market. Other quality retailers want to be near them. There's a very strong, local shopper base,” Mr. LaPierre said. “Everything about this market is extremely positive. You're seeing a lot of really great, quality retail in this market.”

Added Mr. Garson, “We came to Flatiron because of a combination of the residential properties, the up and coming business presence, and 7 days a week foot traffic. The proximity to our previous store was huge.  Being close to Eataly and Home Depot was also a great draw for us.”

“One of the appeals for Flatiron for us is that our concept here is to have a smaller neighborhood store. It's not traffic driven but neighborhood driven,” Ms. Anhalt said. “We wanted local, loyal clientele to be part of our concept.  We looked at several different markets. We chose Flatiron because it fit the concept we wanted to go with. We really felt this was the neighborhood niche we were looking for.”

Download the press release here.

Download the report here.


Happy Friday! 🤸‍♀️
📸:  <a target="_blank" href="">@raven_newyork</a>
Happy Friday! 🤸‍♀️ 📸: @raven_newyork
1 day ago