2017 Retail Market Guide by Alliance for Downtown New York

2017 RETAIL MARKET GUIDE

LOWER MANHATTANâ&#x20AC;&#x2122;S RETAIL REVOLUTION

LOWER MANHATTAN IT’S A NEW YORK YOU KNOW OF, BUT HAVEN’T MET YET.

1995

Dynamic. Flourishing. Evolving. Lower Manhattan is changing rapidly. As more and more businesses and residents move south of Chambers Street, a new and globally recognized business district is being infused with unrivaled energy. Home to hundreds of thousands of workers, one of New York’s fastest-growing residential communities and a thriving international tourist destination – this kinetic square mile at New York’s southern tip has something for everybody. At the center of a regional, multi-modal transportation network, the district has experienced a dramatic transformation. The cumulative impact of $30 billion in public and private investment in transit, new office and residential towers, retail space, hotels, parks, and cultural institutions is materializing and captivating locals and visitors alike. Throughout 2016, Lower Manhattan’s retail revolution kicked into full swing with the opening of Westfield World Trade Center, joining its neighbor Brookfield Place. The unveiling of the World Trade Center Transportation Hub last year created a seamless underground connection between Fulton Center and Brookfield Place. Office towers around Lower Manhattan continue to diversify, bringing technology, media and fashion firms to the historic financial district. And more great things are just over the horizon. Lower Manhattan continues to be a premier residential neighborhood for families and singles. Over the past five years, 3,500 housing units became available and 2,200 hotel rooms opened. The past year saw the opening of The Four Seasons Downtown New York and The Beekman Hotel. New attractions have joined the district’s plethora of landmarks, and tourism is expected to reach over 15 million annual visitors. How will Lower Manhattan meet the surge of demand? With nearly 3 million square feet of new and repositioned retail and dining possibilities by 2019.

Lower Manhattan’s next chapter is underway.

KEY FACTS

ANNUAL SPENDING POWER OF THE LOWER MANHATTAN MARKET: $7.1 BILLION EDUCATION

LOCATION

• K-12 Public and Private Schools: 28 • Total K-12 Student Enrollment: 13,000 • Institutions of Higher Learning: 25 • Total Enrollment at Institutions Of

• Southernmost Tip of Manhattan • South of Chambers Street • 1 Square Mile • 88 Million Square Feet of Office Space • 700 Stores and Storefront Services • 500 Bars and Restaurants

Higher Learning: 56,000

VISITORS AND TOURISM

• Annual Visitors: 14.2 Million • Hotel Rooms: 6,630 • Hotels: 31

PRIMARY MARKET AREA

• Population: 61,000 • Total Households: 33,000 • Average Household Income:

MASS TRANSIT

$214,000

(Average Daily Ridership Totals)

GREATER MARKET AREA (3-Mile Radius)

• Total Households: 402,000 • Average Household Income: $139,000 EMPLOYMENT

• Private Sector Employment: 235,000 • Public Sector Employment: 42,000 • Average Private Sector Employee Annual

• 13 NYC Subway Lines: 280,000 • 6 Ferry Terminals & 13 Routes: 80,000 • PATH Train to New Jersey: 42,000 • 30 Bus Routes • 28 CitiBike Stations • Free Circulator Bus (Intra-District)

Wage: $141,000

• Estimated Private Sector Job Growth From 2014 - 2019: 40,000

• Major Industries: Media, Financial

Services, Insurance, Real Estate, Government, Professional Services, Advertising, Technology, Nonprofit 5

FRESH SALT. 146 BEEKMAN STREET. SEAPORT DISTRICT.

WHATâ&#x20AC;&#x2122;S IN STORE FOR LOWER MANHATTAN 7

SHOPS

An instantly identifiable landmark in Lower Manhattan and the new “New York Place to Be”, Westfield World Trade Center combines world-class shopping and dining, arts and culture, events and entertainment, cutting-edge technologies and engaging experiences for the entire community. This spectacular setting encompasses the iconic Oculus designed by Santiago Calatrava, streetlevel shops in WTC Towers 3 and 4, as well as the underground galleries traversing the entire WTC campus. The destination’s 100 global and local fashion, beauty, lifestyle and technology brands showcase the very best New York has to offer—all in one place. From luxury and influencer concepts to trendsetting designers and everyday essentials, the Westfield experience is designed to offer something great for everyone.

RETAIL DESTINATIONS 8

SHOPS

Brookfield Place New York is the pinnacle of luxury shopping, dining and culture in downtown Manhattan. The complex is uniquely positioned just south of Tribeca along the Hudson River waterfront. International fashion houses including Hermès, Bottega Veneta, Salvatore Ferragamo, Burberry, Omega, Ermenegildo Zegna, and contemporary fashion brands such as Diane von Furstenberg, Theory, Michael Kors, Vince, Paul Smith, and Lululemon make Brookfield Place Downtown Manhattan’s most sought-after shopping destination. An 85,000-square-foot Saks Fifth Avenue women’s department store opened Fall 2016, with a dedicated Saks Fifth Avenue men’s store opening at Brookfield Place NY in Spring 2017.

HUDSON EATS

Best-in-class dining options include Hudson Eats, a curated collection of 14 chef-driven fast-casual eateries; Le District, a 30,000-square-foot French-inspired marketplace and signature restaurants including Amada and Parm. Del Frisco’s Grille will open in 2017, further diversifying the robust dining experiences at Brookfield Place NY.

Complemented by the renowned cultural programming of Arts Brookfield, Brookfield Place NY is leading the transformation of the area as the premier destination for residents and visitors alike.

RESTAURANTS

RETAIL DESTINATIONS 10

*coming soon

The Seaport District is currently being revitalized by The Howard Hughes Corporation and will encompass seven buildings on several city blocks totaling more than 365,000 square feet of cutting-edge culinary, fashion, entertainment and cultural experiences, including the recently opened premier cinema iPic Theaters and the anticipated openings of Milan-based 10 Corso Como, Scotch & Soda, McNally Jackson Books, by CHLOE. and the 40,000-squarefoot food market by Jean-Georges Vongerichten in the restored Tin Building. In the new Pier 17 building, culinary powerhouses Jean-Georges and the Momofuku Group led by David Chang will be opening restaurants as the first to be announced in what will become an unparalleled range of culinary options in the District. Pier 17 will also be highlighted by a 1.5-acre rooftop that will include a restaurant, outdoor bars and a venue for special events that will become one of the most recognizable entertainment destinations in the country. The rooftop will be programmed year-round, home to a seasonal summer concert series as well as a winter village and a cultural and entertainment gathering place for New Yorkers and visitors. An essential part of New York for over 300 years, the re-envisioned Seaport District will continue to function as a much needed community anchor for the rapidly growing residential population of Lower Manhattan.

RETAIL DESTINATIONS 12

*coming soon

NEW RESTAURANTS In Lower Manhattan, opportunities for new stores come in all shapes and sizes and are around every corner. Exciting possibilities go far beyond the three major retail destinations. By 2019, Lower Manhattan will have nearly three million square feet of new and repositioned retail space. Beyond the big retail anchors, several different buildings are undergoing major improvements, as the area’s retail frontier continues to expand in spaces old and new. Office buildings at 28 Liberty Street and 195 and 222 Broadway have repositioned their ground floors to accommodate major retail and restaurant brands. Conversion projects at 70 Pine Street, 140 West Street, One Wall Street and 20 Broad Street are bringing new life to their unique locations with more residential units and shopping and dining potential. The potential is everywhere — in buildings that are historic and grand, and in those that are modern and open. Space is plentiful and adaptable and can accommodate the needs of stores and restaurants big and small.

RETAIL DESTINATIONS 14

BlackTail at Pier A Blue Ribbon Federal Grill Edi Frauneder’s Schilling Keith McNally’s Augustine Nobu Matsuhisa’s Nobu Pier A Harbor House Todd English’s The English Tom Colicchio’s Fowler & Wells Wolfgang Puck’s CUT * coming soon

Macklowe Propertiesâ&#x20AC;&#x2122; One Wall Street

ATRIO WINE BAR & RESTAURANT. 102 NORTH END AVENUE. CONRAD NEW YORK.

WHO SHOPS & DINES IN LOWER MANHATTAN? 17

IN THE CENTER OF IT ALL

20 PLACES IN 20 MINUTES FROM LOWER MANHATTAN

UNPARALLELED ACCESS WITH ROBUST TRANSPORTATION OPTIONS Lower Manhattan is one of the most connected neighborhoods in New York City. In the past few years, two catalytic transportation hubs opened, which have created a near river-to-river underground connection. Fulton Center and the Santiago Calatrava-designed World Trade Center Transportation Hub provide seamless connections to 12 out of Lower Manhattan’s 13 subway lines, PATH trains to New Jersey, Battery Park City Ferry Terminal, Brookfield Place and the World Trade Center complex. The Staten Island Ferry, New York Waterway and the new Citywide Ferry Service (launching in 2017) connect Lower Manhattan to waterfront Journal Square Minutes communities in several locations throughout 11New York City and New Jersey. The importance of these transit improvements is clear. Extensive residential development in Manhattan, Brooklyn and New Jersey’s Hudson River waterfront cities have attracted huge numbers of young, educated people. Since 2000, the population of college-educated adults in the metro region (ages 18-44) living within a 30-minute commute of Lower Manhattan grew by nearly 40%. Additionally, some 5.3 million people live within a 10-minute walk of a New York City subway station that provides convenient access to Lower Manhattan’s 13 subway lines.

Columbus Circle 16 Minutes

Rockefeller Center

Times Square/ Port Authority

14 Minutes

Grand Central

Penn Station Chelsea

13 Minutes

11 Minutes

Hoboken

10 Minutes

Meatpacking District

Madison Square/ Flatiron

11 Minutes

Union Square 8 Minutes

Astor Place

Hudson Square

10 Minutes

9 Minutes

Jersey City 4 Minutes

SOHO

6 Minutes

The Bowery 6 Minutes

Williamsburg

The World Trade Center Transportation Hub & Fulton Center

DUMBO

4 Minutes

Downtown Brooklyn Metrotech 6 Minutes

Barclays Center/ Atlantic Terminal 12 Minutes

Park Slope 14 Minutes

18 Minutes

MASS TRANSIT CONNECTIVITY average daily ridership totals

13 NYC SUBWAY LINES: 280,000 PATH TRAIN TO NJ: 42,000 13 FERRY ROUTES: 80,000 FREE CIRCULATOR BUS 28 CITIBIKE STATIONS 30 BUS ROUTES

300,000 daily commuters at Fulton Center & the World Trade Center Transportation Hub

5.3 MILLION people live within a 10 -minute walk of a subway station that provides access to Lower Manhattan

40% growth in college-educated adults living within a 30 -minute commute of Lower Manhattan

88 MILLION square feet of office space

$141,000 average private-sector annual employee wage

235,000 private-sector employees

40,000 20

additional private-sector jobs anticipated in Lower Manhattan between 2014-2019 *future tenant

DOWNTOWN INDUSTRIES BY SQUARE FOOTAGE, 2016 Source: Jones Lang LaSalle

Other Services 3% Apparel & Retail Trade Education, Healthcare, & 2% Nonproﬁt 7%

Technology, Advertising, Media & Information 13%

Finance, Insurance & Real Estate 37%

Professional & Business Services 18% Government 20%

WORKERS A BUSTLING, DIVERSE & VIBRANT BUSINESS DISTRICT Lower Manhattan is the fourth largest and most dynamic business district in the country. The local workforce is growing and represents an increasingly diverse group of industries. No longer solely the home of financial institutions and government offices, Lower Manhattan has diversified its economy. With technology, media and fashion companies relocating here, the neighborhood has been energized with greater buying power and a varied gamut of tastes and retail habits. Between new office space coming online and companies relocating to the area, the number of workers â&#x20AC;&#x201C; and potential shoppers â&#x20AC;&#x201C; will reach new heights in the years ahead.

RESIDENTS STROLLERS & PUPPIES ABOUND Highly educated, affluent and well-traveled, the people who call Lower Manhattan home span a wide demographic – from hip, young singles, to couples and families to empty nesters looking to enjoy their golden years. With a diverse housing stock ranging from historic, art deco buildings to glimmering new towers, Lower Manhattan has become one of New York City’s fastest-growing live/work/ play neighborhoods - the area’s residential population has more than doubled since 2001. As the population grows, residents are showing a strong commitment to the area. Lower Manhattan has a rising population of young professionals (see our focus on millennials on the next page), but also boasts a robust number of families and older couples. Many who moved here as renters ended up buying homes. Strollers might seem to be the vehicle of choice on Lower Manhattan’s streets, as the neighborhood becomes increasingly popular among families with children. New schools, both public and private, have popped up to meet the surging demand.

AGE DISTRIBUTION OF LOWER MANHATTAN RESIDENTS Source: US Census

65+ Years 6% Under 17 Years 15%

35 to 64 Years 36%

Millennials 18 to 34 Years 43%

61,000 people live in 33,000 housing units south of Chambers Street

83% of residents have a college degree; 40% have done post-graduate work

$214,000 average household income of residents

32% of residents walk to work or work from home

3X growth in families with children since 2000 23

LOWER MANHATTAN’S ROBUST APPETITE FOR DINING OUT AND ENTERTAINMENT Demand Close to Home - Lower Manhattan’s expanding culinary landscape currently attracts this area’s young, engaged consumers. These residents with active lifestyles and powerful purchasing power are relative newcomers to the area with an average length of residence around three years. Keeping Spending South of Chambers - Lower Manhattan’s 30,000-plus young professionals currently spend an estimated $356 million annually on dining and entertainment experiences, but 55% of this spending power leaves the neighborhood.

55% of the $356 Million Spent annually by Lower Manhattan’s young residents is spent outside of the neighborhood.

LOWER MANHATTAN’S YOUNG PROFESSIONALS SPEND NEARLY

$1,000/MONTH ON DINING & ENTERTAINMENT

YOUNG PROFESSIONALS A KEY RESIDENTIAL AREA FOR MILLENNIALS A Growing Young Population - Lower Manhattan’s residential population has boomed since 2000, and with it, so has the number of 18-44-year-olds. The population now totals over 30,000 residents, with nearly 70% of this group being millennials (ages 18-34). Millennials are more highly concentrated in Lower Manhattan compared to Manhattan and New York City as a whole.

Astoria

Hell’s Kitchen

Long Island City

Sunnyside

Greenpoint Chelsea Long Island City

Hoboken

Chelsea

Hoboken

Lower East Side

Soho Tribeca

Jersey CityJersey City

Williamsburg Greenpoint Bed-Stuy

Chinatown

Lower Manhattan Lower Manhattan

East Williamsburg

East Village

Williamsburg Dumbo Clinton Hill

Downtown Brooklyn

LOWER MANHATTAN AMONG TOP NEIGHBORHOODS FOR GROWTH IN NONFAMILY HOUSEHOLDS, SINCE 2000 + -

Abundant Rental Housing – Lower Manhattan’s growing stock of rental housing, particularly in large, amenity-rich buildings has attracted a strong cluster of young, single professionals living alone or with roommates in nonfamily households. Currently, there are more than 18,780 rental units in Lower Manhattan and more than 2,500 are expected to be added by 2019. With continued growth in the rental inventory, the population of 18-44-year-olds is expected to rise. More than 50% of Lower Manhattan’s 18-44-year-olds are concentrated in two areas: directly south of the World Trade Center; and east of Broadway, south of Fulton Street and north of Exchange Place. Top Nonfamily Household Growth Citywide Since 2000 – Lower Manhattan has doubled in terms of nonfamily households since 2000, making it one of the 13 fastestgrowing neighborhoods out of 195 citywide. In total, 54% of Lower Manhattan’s overall households are characterized as being home to roommates or singles as compared to a 45% share within Manhattan overall.

25 -2,500+

-900>

-250>

250+

900+

2,500+

YOUNG PROFESSIONALS IMPRESSIVE BUYING POWER & ABUNDANT LEISURE SPENDING This growing demographic south of Chambers Street has equally impressive incomes and disposable spending power. Lower Manhattan’s young professionals embrace a work-hard, play-hard lifestyle. High Incomes & Education Levels - With top employment sectors in finance, consulting, technology and media, the median household income for Lower Manhattan’s young professionals is $161,739, the highest of any neighborhood south of 59th Street. It tops neighborhoods with similar populations of young urbanites in New York City. This influential group of Lower Manhattan consumers also boasts high levels of education -- more than 83% of this age group has a bachelor’s degree, including more than 32% that have a graduate or professional degree. Buying Power – High disposable income and preference for spending leisure time outside the home yields real buying power. A recent Downtown Alliance survey revealed that Lower Manhattan’s young professionals spend nearly $1,000 per month on average on dining out as well as entertainment, such as comedy clubs, bowling or live music. Frequent Diners & Entertainment Seekers They seek dining, bar and entertainment experiences frequently. On average, these residents go out to full-service restaurants, bars or entertainment venues every other day, with dining at sit-down, casual restaurants and enjoying drinks with friends at bars and lounges topping that list. 26

DOWNTOWN RESIDENTS EMBRACE PLACES THAT ARE LOCAL UNIQUE ENTERTAINING MULTIFACETED ENTREPRENEURIAL DESTINATIONS EXPERIENTIAL CHEF-DRIVEN DIVERSE CASUAL

A MONTH ON AVERAGE LOWER MANHATTANâ&#x20AC;&#x2122;S YOUNG PEOPLE GO OUT FOR DINNER, DRINKS OR ENTERTAINMENT ON AVERAGE 16 OUT OF 30 DAYS A MONTH

Student Population in Lower Manhattan Lower Manhattan also has a strong contingent of students living and/or studying south of Chambers Street, many of whom likely fall within this key demographic. This neighborhood is flush with higher and continuing education institutions â&#x20AC;&#x201D; an estimated 56,000 full and part-time students in 25 colleges, institutes, academies and boot camps traverse the neighborhood during the course of the year. While the majority commute to Lower Manhattan and increase the daytime population in the district, more than 2,400 students make their home in four Pace University residence halls on their campus in Lower Manhattan. 27

VISITORS A REIMAGINED DESTINATION FOR TOURISTS & LOCALS ALIKE Lower Manhattan is the new hub for culture and iconic attractions. With its famous thoroughfares, skyscraping observatories, historic monuments and somber memorials, Lower Manhattan is drawing an increasing number of visitors. All this tourism activity has attracted the attention of the hotel industry, sparking a hotel building blitz in the last several years. New hotel brands are adding thousands of rooms to the market, and they range from luxury to boutique to budget. Visitors and locals have more choices to stay, shop and dine than ever before in the new downtown.

14.2 MILLION visitors to Lower Manhattan in 2016

6,600 ROOMS in 31 hotels in 2016

8,700 ROOMS in 44 hotels in 2019

10,000 9,000

HOTELS

LOWER MANHATTAN HOTEL DEVELOPMENT

8,000 7,000

6,000 5,000 4,000 3,000 2,000 1,000 0 2002

2004

2006

Existing Hotel Rooms

2008

2010

New Hotel Rooms

2012

2014

2016

Projected Hotel Rooms

2018+

PIER A HARBOR HOUSE. 22 BATTERY PLACE. THE BATTERY

SUBDISTRICTS OF LOWER MANHATTAN 31

READE

STREET

W O R K R A

PEARL

A L ST

N,R

ST IP

RL PEA

F O

ET RE ST

EET

ST H UT SO

R D REET RIV E

EET STR NT FRO

East River Ferry Pier 11

D S L

Seastreak

NY Waterway

VIETNAM VETERANS MEMORIAL PLAZA

EAST RIVER E

A TE

SUBDISTRICTS

STATUE OF LIBERTY

ELLIS ISLAND

Statue Cruises

BATTERY PARK

Pier 17 (closed for redevelopment through 2016)

PINE

E P

SEAPORT DISTRICT &LWATER STREET ANE

STR

DEN

STR

ROC

IF CL

RL A PE

STREET

D RI

DGE ET

SOUTH STREET SEAPORT

STR

EET

TER V

BRI

R S T

Pier 15

EET STR

EET STR D

WILLIAM

GOL

TCH

PINE STREE T

OKL

W O R

R STR E

EET

STREET

2,3

Pier A

CEDA

D A

MAI

OA M

HAN

ICH

STR

RTY

STRE

ENW

T AT

FLE

FINANCIAL V A B E DISTRICT

4,5

NGT

ROBERT F. WAGNER, JR. PARK

GRE

SHI

PLACE

PLA

MORRIS

PLACE

FIRST

J,Z

NEW

BATTERY

PLACE

LIBE

4,5

PLACE MORRIS

N,R

E SECOND

WALL

THAMES STREET

SOUTH COVE

STREE

HUDSON RIVER

EXC

THIRD

FULTON STREET

JOHN

2,3

STREET

ANN STREET

WEST

N S T

THAMES

PLACE

PEA

EET

END AVENUE

RECTO

CARLISLE

Pedestrian Bridge

WILLIAM

STREET

PLACE

STR

ICH

NGT

EET

CEDAR

ENW

SHI

STREET

TRINITY

GRE

ALBANY

SO STR

CORTLANDT

4 WTC

ET D IEL OKF BRO LACE P AN

J,Z

BROADWAY

N,R

WORLD TRADE CENTER REET & GREENWICH STREET R ST ECTO ALB

K P

DEY

LIBERTY STREET

B AT T E R Y PA R K CITY

BRO

FULTON STREET

3 WTC

Pedestrian Bridge C E D A R

A,C

FULTON CENTER

NORTH COVE

Y LE

2 WTC SITE

4,5

NY Waterway

STREET

TRANSPORTATION HUB

Underground Pedestrian Passageway

A,C,E

NASSAU STREET

1 WTC

STREET

PAC WTC SITE

FRANKFORT STREET

WE BROOKFIELD PLACE

2,3

PLACE

BROADWAY

ADE

VESEY

CITY HALL PARK

LAN

BARCLAY

N,R

ESP

BATTERY PARK CITY & BROOKFIELD PLACE

BROADWAY

ACE

STREET

PARK

I AD

TRIBECA SOUTH

MURRAY STREET

4,5,6

DUTCH

TRIBECA

STREET

WEST

WARREN

1,2,3

CHAMBERS STREET

TERR

NORTH END AVENUE

RIVER

MURRAY

CHURCH STREET

ROCKEFELLER PARK

CIVIC CENTER

STREET

J,Z

WASHINGTON MARKET PARK

Governors Island Ferry

1 Staten Island Ferry

GOVERNORS ISLAND

READE

IN ON

LAN

10. Equinox

PARK

ESP

9. Schnipper’s Quality Kitchen

ACE

STREET

ADE

BROADWAY

TERR

7. Le Pain Quotidien Tribeca 8. The Palm MURRAY

BARCLAY

11. CUT by Wolfgang Puck 12. Pret A Manger 14. Soul Cycle

PLACE

A,C,E

20 17

N,R

19 11 A

STREET

2 WTC SITE

PAC WTC SITE

4,5 TRANSPORTATION HUB

DEY

3 WTC

N,R C O R T

ICH

EET

STREET

PLA

STR

CARLISLE

EET

STREET

STR

UT STR

CEDAR

ENW

NGT ALBANY

B AT T E R Y PA R K CITY

TRINITY

GRE

CEDAR

SHI

Pedestrian Bridge

D IEL OKF BRO LACE P

B. Smyth Tribeca - A Thompson Hotel

LANDT

4 WTC

LIBERTY STREET

HOTELS:

A. Four Seasons Downtown New York

2,3

STREET

NORTH COVE

9 13

estfield World Trade Center 21. W a collection of over 100 retail shops and restaurants

1 WTC

Underground Pedestrian Passageway

LD IE KF E OO LAC P

19. Duane Reade

NY 20. CityMD Waterway

18. Rosa Mexicano

15. Target 17. Racines NY

VESEY

13. Aroma Café

16. Kaffe 1668

STREET

MURRAY STREET

5. Bed Bath & Beyond 6. Barnes & Noble

B 7

CHURCH STREET

WEST

TRIBECA

4. Whole Foods

WARREN

RIVER

3. Amish Market

NORTH END AVENUE

2. Babesta

STREET 1,2,3

1. Chipotle

CHAMBERS

RETAILERS INCLUDE:

TRIBECA SOUTH

CKEFELLER PARK

STREET

WASHINGTON MARKET PARK

THAMES

BROADWAY

SUBDISTRICT:

RE RL

STREE

A PE

STR

EET

DEN

STR

EET

STR TER GO

FRO

WILLIAM

EET

PEA

STR

N,R

A R

31 AT

P A R K

ST RE

BATTERY PARK

Governors Island Ferry

Statue Cruises

PLAZA

26. Fika

E. Wall Street Inn F. Hilton Garden Inn Pier A (opening 2017)

D. Club B A Quarters, Wall Street

24. Gregory’s Coffee 25. The Dead Rabbit

22. Starbucks (5) 23. Stone Street Restaurant Row

4,5

Y Street C. Andaz Wall ER

Deluca

WA GNER, JR. 21. Dean & PARK

ICH

20. Sarar F. ROBERT

ENW

otbelly Sandwich 19. P Shop

B. Doubletree by Hilton New York City - Financial E District AC ON

PLACE Reade (2) 18. Duane

NGT

17. TJ Maxx FIRST

SHI

16. Luke’s Lobster

A. Hampton Inn Manhattan/ DowntownFinancial District

GRE

A C EQuotidien LeP LPain

MORRIS

H OTELS:

MORRIS

ND S E C O15.

PLACE

14. Bluestone Lane Coffee

PLACE Cipriani

HAN

ER NE 11 UR 2 T 22 14 29 EE E OL 22 R D S LIP T 16 20 S OL D S 18 LIP 23 ER 30 V D A C O EL E FI N BE T 24 T E IE K R S A 10 M 15 S 26 L I P E N VIETNAM O 27 19 ST VETERANS 28 E 25 MEMORIAL B DG STRE

12. Bobby Van’s IRD T H 13.

EXC

NEW

11. Open Kitchen BATTERY

Inn

9. La Colombe

R STR EE

PINE STRE

8. Tumi A M E S S T10. R E EDig T

J,Z

Schnipper’sN,R Chop’t Chipotle Starbucks Naya Express Cappone’s Retro Fitness

CEDA

4,5

TCH

MAI

ET 18 D 21 22 WALL STR EET 4 13 2,3 5-9

Maison du 7. L aBridge Chocolat

T TREE 31. 1 NYRPlaza S Shops O CT 1

EET

FLE

30. FedEx (2)

Pink 6. Thomas Pedestrian

22 1

STR

RTY

5. Sweetgreen

York Sports

Club

LIBE

PLA

29. ST R E E NTew

EET

AR LISLE Co. 4. TiffanyC&

PLACE

STR

3. Hermès

THAMES

28. Fraunces Tavern

STR

ALBANY 2. My.Suit

T REE

27. Shorty’s S T R E E T Cheesesteaks

1. Equinox

ICH

NGT

RETAILERS INCLUDE:

STREET

CEDAR

ENW

SHI

CEDAR

TRINITY

GRE

Bridge

BROADWAY

FINANCIAL DISTRICT Pedestrian

SUBDISTRICT:

4 WTC

LIBERTY STREET

NASSAU STREE

N,R C O R T L A N D T

Staten Island Ferry

A M

E RE

D A EL FI BE T 13 A R K E 14M 12 NE 16 S T O E 5 BRIDG

ENW

ICH

4,5

19 6

GRE

GOVERNORS

NGT

Wall C. Holiday Inn New C E Street P L- A S T City F I RYork

SHI

B. Hotel Indigo (opening 2017)

MORRIS

PLACE

LACE SECOND Inn PManhattan A. Marriott Residence World Trade Center

MORRIS

STRE

BATTERY

THAMES STREET

23. Saks Off Fifth (opening 2017)

NEW

22. Anthropologie (opening 2017)

GE HAN

21. New York Sports Club

HOTELS:

STREE

2,3

R RECTO

SOUTH COVE

PINE STREE

1 EXC

24. Fulton Center - a transit center with over 20 shops and eateries, including Shake Shack T H I R D P L A C E

R STR E

J,Z

20. Gregory’s Coffee PLACE

WEST

CEDA

N,R

RTY

WALL

4,5

PLA

PEA

REET

WILLIAM

AL E TR

LIBE

19. Fresh & Co.

OR RECT

END AVENUE

Pedestrian Bridge

18. The Capital Grille

EET

17. Urban Outfitters

STREET

EET

CARLISLE

Y AN ALB 16. Chipotle

THAMES

PLACE

STREET

STR

ALBANY

STR

T E R Y 13. Loft A R K 14. Nine West EET ITY 15. Zara S T R

STREET

12. Duane Reade (3)

ICH

NGT

11. Modell’s

CEDAR

ENW

CEDAR

GRE

9. Nobu (opening 2017) Pedestrian Bridge 10. Gap

C 5

LIBERTY STREET SHI

8. Aldo

10 A B 11

STREE

7. Sunglass Hut

23 TRINITY

6. Pret A Manger (2)

4 WTC

JOHN

N,R

CORTLANDT

R D REET RIV E

4. JoS. A. Bank

8 7 6

2,3

J,Z

FULTON CENTER

FULTON STREET

4,5

STREET

DEY

3 WTC

5. Starbucks (5)

ANN STREET

WILLIAM

5 22 9

Passageway 2. Century 21

3. Staples

A,C

RETAILERS INCLUDE: TRANSPORTATION L A NUnderground E 1. Whole Foods (opening 2018) HUB Pedestrian LD PINE

N S TR

DUTCH

2 WTC

1 WTC

BROADWAY

STREET

NASSAU STREET

VESEY

21 3

SUBDISTRICT:

STREET

BROADWAY

BARCLAY

WAY

SOUTH STREET

SUBDISTRICT:

BRO

19. 55 Fulton Market 20. Smashburger 21. Zeytuna CEDAR

STREET

23. Fulton Center - a transit center with over 20 shops and eateries, including Shake THAMES Shack

LIBE

PLA

17 12 STR

EET

RTY

HOTELS:

36 D.

T OR S T C E R(opening 2018) Moxy Hotel AKA Wall Street

REET

WALL

4,5

2,3

CEDA

R STR E

PINE STREE T

STREET H

MAI

J,Z NGE

TCH

TER

C. Aloft Hotel Manhattan Downtown Financial District

FLE

A. Gild Hall - A Thompson Hotel B. The Beekman Hotel

21 MA

EET

18. Barnes & Noble at Pace University

STREE

STR

17. Stout

JOHN

CORTLANDT

BROADWAY

15. Open Kitchen

NASSAU STREET

14. Magic Mix Juicery

13. Denny’s

19 FU CL

FULTON CENTER

DEY

FULTON STREET 10 14 2,3 20 1 J,Z 22

STREET

12. Crunch

WILLIAM

4,5

DUTCH

10. Burger King 11. Les Halles

23456789

1 E

9. Bareburger

C ANN STREET

EA TH

A,C

EET

N S T

STR

GOL

5. GRK

WILLIAM

LE AL

4. Hale and Hearty

7. Melt Shop

DGE

3. Potbelly Sandwich Shop

8. Chipotle

A P

2. CVS

6. Au Bon Pain

BRI

FRANKFORT STREET

2,3

1. Starbucks (2)

CITY HALL PARK

RETAILERS INCLUDE:

16. Harry’s Italian

N,R

FULTON STREET

22. Financier Patisserie

OKL

TREET

N,R

A P

E H

L L

EET

STR

RL PEA

ST R TE

20 21

EET

LAN

Pier 15

R D ET RIV E

PINE

Hornblower

STR

EET

Pier 17 (closed for redevelopment through 2017)

East River Ferry Pier 11

LI IL W

E ON

4,5

F ET

NGT

ICH

SHI

ENW

GRE

23. Superdry

G. AC Hotel by Marriott ER (openingV2017)

22. Industry Kitchen MORRIS

R ST

STRE

NEW

F. Marriott Residence Inn & Courtyard by Marriott (opening 2017)

21. El Luchador

19. Juice Generation 20. Trading Post

18. Soul Cycle

ST H

E. Four Points by GE HAN Sheraton E X C

24. Ambrose Beer & Lobster

RL F IF CL

STREET

WALL STRE ET 2,3

D. Q&A Hotel

N,R

STR

E 8 10 12 13 N R STR EET 4 D 9 1 PINE STREE T

J,Z

17. Dos Toros

CEDA

MAI

25 23 12 JO HN 24 3

E F 15 -19 F L E T C H E R 6 11 14

DGE

SOUTH STREET SEAPORT

REET

S TGood Chicken 16. O RFields

EET

C. Fairfield Inn New York Manhattan/Financial District

15. P otbelly Sandwich 4,5 Shop

STR

FRO

PLACE

EET

B. H oliday Inn Express NYC-Wall Street

14. Chipotle

STR

13. Au Bon Pain

BRI

R S T

27 27

EET

THAMES

12. Starbucks (4)

ICH

11. Jersey Mike’s

STR

A. Hampton Inn Manhattan-SeaportFinancial District

TER

HOTELS:

PLA

RTY

ENW

C E Hale D A R and S THearty REET 10.

WILLIAM

(opening 2017)

LIBE

GRE

TRINITY

S T R E9.EUrban T Market

8. Roti Mediterranean Grill

28. Seaport District - a JOHN collection of shops, STREE T restaurants, markets & entertainment MA (opening 2017) ID

7. Complete Body 4 WTC

BROADWAY

5. Watermark Bar & Grill N,R C O R T L A N D T

DUTCH

27. South Street Seaport Restaurant Row

DEY

6. Duane Reade (3)

2,3

J,Z

4,5

NASSAU STREET

I O NChop’t N S P O R T A T4. HUB

FULTON STREET

26. iPic Theaters

2. Gregory’s Coffee

NN STREET 25. Abercrombie &AFitch

1. Dig Inn 3. Roast Kitchen

ECT

A,C

TREET

GOL

RETAILERS INCLUDE:

PEA

N S T

EET

STR

WILLIAM

OKL

A,C,E

SEAPORT DISTRICT & WATER STREET

STR

W O K

BRO

2,3

FRANKFORT STREET

C I TY HA L L P AR K

SUBDISTRICT:

TREET

OL OL

D S LIP

Seastreak

D S LIP

New York Water Taxi N

VIETNAM VETERANS MEMORIAL PLAZA

EAST RIVER

IN ON

BARCLAY

RETAILERS INCLUDE: 1 WTC

4. Wogies 5. Schilling

STREET

2 W2T CW T SC ITE

LD IE KF E OO LAC P

3. Tajin

A,C,E

STREET

PAC WTC SITE

Underground Pedestrian Passageway

2. Trinity Department Store

DEY

3 WTC

N,R C O R T L A N D T

7. Starbucks

4 WTC

8. Clinton Hall

LIBERTY STREET

9. St. George’s Tavern D IEL OKF BRO LACE P

10. Morton’s Steakhouse 11. Bill’s Bar & Burger 12. George’s 13. The English

E. Club Quarters, World Trade Center

WEST

F 8

PLACE

THAMES STREET

PLACE

PLAC

SOUTH COVE

STREET

Pedestrian Bridge

THIRD

THAMES

STREET

BATTERY

H. Fairfield Inn & Suites (opening 2017)

CARLISLE

D. World Center Hotel

RECTO

STREET

B 11 7 13 C

C. W New York - Downtown

G. Courtyard by Marriott

D E

B AT T E R Y PA R K CITY

CEDAR

ALBANY

B. New York Marriott Downtown

F. Holiday Inn Manhattan Financial District

Pedestrian Bridge

END AVENUE

A. Millenium Hilton Hotel

4,5

TRANSPORTATION HUB

6. Dunkin’ Donuts

HOTELS:

2,3

PLACE

BROADWAY

1. Westfield World Trade Center a collection of over 100 retail shops and restaurants, including Eataly

VESEY

WORLD TRADE CENTER & GREENWICH SOUTH

BROADWAY

SUBDISTRICT:

PARK

4,5

H 6

12 N,R 2 3 4

WILLIAM

DUTCH

12 20

STREET

16 13 24 14

WILLIAM

EET STR

E PEA

ON ST

PLACE

THAMES STREET BA

STREE

RECT

Pedestrian Bridge

WEST E

ENW

GRE

RECTO

CARLISLE

EET

A. Conrad New York

HUDSON RIVER

EET

STR

HOTELS:

STREET

24. Equinox

23. Paul Smith

NGT

STR

END AVENUE

22. Gucci

21. Diane von Furstenberg

ALB

CEDAR

ALBANY

B AT T E R Y PA R K CITY

Pedestrian Bridge

SHI

17. Salvatore Ferragamo 2,3 18. Ermenegildo Zegna N

4 W

16. Hermès

3 WTC

15. Saks Fifth Avenue

20. Michael Kors

2 WTC SITE

RE D IEL OKF BRO LACE P

14. Hudson Eats - a collection of 14 fast-casual eateries

STREE

LIBERTY STR

13. Le District - a French-inspired marketplace

19. Theory

STREET

TRANSPORTA HUB

TH N O RCOVE VE C OMARINA

12. P.J. Clarke’s

PAC WTC SITE

Underground Pedestrian Passageway

NORTH

11. Del Frisco’s Grille

1 WTC

PLACE

L I9.B Amada ERT 10. Parm Y

19 17

PLACE

9. Brookfield Place, featuring luxury NY shopping, dining and cultural events, Waterway including:

BROADWAY

11 23

BROOKFIELD 18 PLACE

7. Regal Battery Park Cinemas

VESEY

10 9 21

6. Blue Smoke

J,Z

3. Shake Shack 2,3 J,Z 4. Harry’s Italian

8. Chipotle

BARCLAY

5 6 7

FULTON STREET 5. El Vez

ADE

PARK

LAN

1. Le Pain Quotidien 2. North End Grill

1 2

RETAILERS INCLUDE: A,C ANN STREET

H SH

ACE

STREET

ESP

BROOKFIELD PLACEM U R R A Y & BATTERY PARK CITY

MURRAY STREE WA

TERR

SUBDISTRICT:

END AVENUE

VER

PARK

ALOFT HOTEL Completed in 2015

THE CULTURAL HEART AND INTELLECTUAL HEART OF THE CITY IS CONTINUALLY MOVING DOWNTOWN.

FOUR SEASONS HOTEL & RESIDENCES Completed in 2016

THE BEEKMAN HOTEL & RESIDENCES Completed in 2016

FULTON CENTER & CORBIN BUILDING Completed in 2014

WORLD TR ADE CENTER 1 Wor ld Trade Center Completed in 2014 2 Wor ld Trade Center Completion TBD Wes t f ield W TC/ Transpor t ation Hub Completed in 2016

WHO’S WORKING HERE? FASHION: HUDSON’S BAY, GUCCI, REVLON, HUGO BOSS MEDIA: CONDÉ NAST, TIME INC., THE ASSOCIATED PRESS FINANCE: GOLDMAN SACHS, AMERICAN EXPRESS, DEUTSCHE BANK NONPROFIT: TEACH FOR AMERICA, PLANNED PARENTHOOD, UNICEF USA ADVERTISING: DROGA5, GROUP M*

WHO’S LIVING HERE? EDUCATED, HIGH-INCOME EARNERS

WHO ARE OUR NEIGHBORS? TRIBECA, SOHO, WEST VILLAGE, EAST VILLAGE PARK SLOPE, FORT GREENE, BROOKLYN HEIGHTS, WILLIAMSBURG HOBOKEN, JERSEY CITY

3 Wor ld Trade Center Completion in 2018 4 Wor ld Trade Center Completed in 2013 National September 11 Memor ial Museum Completed in 2014

BROOKFIELD PL ACE Completed in 2015/2016

AK A WALL STREET Completed in 2016

SEAPORT DISTRICT Pier 17 Completion in 2017

70 PINE STREET & Q&A HOTEL Completed in 2016

EAST RIVER WATERFRONT ESPL ANADE Completed in 2013

PIER A Completed in 2014

THE BAT TERY

WHO’S VISITING US? 14.2 MILLION VISITORS FROM ACROSS THE COUNTRY AND GLOBE

Completion in 2014/2015

50 WEST STREET Completion in 2017

THE PERELMAN CENTER FOR PERFORMING ARTS AT THE WORLD TR ADE CENTER Completion in 2020

*FUTURE TENANT

GOVERNORS ISL AND 40

Completed in 2014 -2016

READE

STREET

TE WA

ET RE

STR

LANE

PINE STREET

Hornblower

STR N

GOU

EET

AM RL

PEA

STO

ST ET

VER

NEU

East River Ferry

Seastreak

Pier 11 OLD OLD

SLI

New York Water Taxi

RE O

Pier 15

PINE

Pier 17 (closed for redevelopment Through 2017)

STREET

H IT

ENW

A LL

VIETNAM VETERANS MEMORIAL PLAZA

GTO

ICH

HIN AC

GRE

WAS

PLACE

4,5

SOUTH STREET SEAPORT

ST L STREE

TREE NEW S

BATTERY

EAST RIVER

R D EET RIV

PLACE

E TT

JOH

MAID CEDAR

V EA

RTY

2,3

MORRIS

ICH

GTO

ROBERT F. ES WAGNER, JR. PL PARK AN

J,Z

THAMES STREET

MORRIS

WALL

EET R S1 T R N,R

ENW

HIN

THAMES

PLACE

SOUTH COVE

PEA RL

TRINITY

GRE

WAS

END AVENUE

O RECT

LIBE

4,5

Pedestrian Bridge

STR

CEDAR

PEA

2,3

JOHN S TREE

YN B RID

WAT

LIBERTY STREET

EET

N,R

CORTLANDT

4 WTC

UTH

PL WEST

ANN STREET

J,Z

NA SSA U ST REET

N,R

ES RECTOR

EET

FULTON STREET

DEY

ST IEL OKF BRO LACE P

STR

N S TR

OKL

EET

ST REET

LD IE KF E OO AC PL ANY

E S TR

FULTON CENTER

BROADWAY

BR ALB

O K R A P

W O R K R

2 WTC SITE

WILLIA M

B AT T E R Y PA R K CITY

BRO

NORTH END AVENUE

ADE

A,C

TRANSPORTATION HUB

Pedestrian Bridge

LAN

BARCLAY

STRE

A,C,E

3 WTC

NORTH COVE

FRANKFORT STREET

SPR

4,5

Underground Pedestrian Passageway

Hudson River Ferry New York Water Taxi

CITY HALL PARK

2,3 PARK

STREET

PAC WTC SITE

N,R MURRAY

GOLD

ESP

VESEY 1 WTC

D MA

CE STREET

WARREN

BROADWAY

TERRA MURRAY

HUDSON RIVER

RIVER

TRIBECA

4,5,6

WEST

1,2,3

CHURCH

CHAMBERS ROCKEFELLER PARK

CIVIC CENTER

ST REET

J,Z

WASHINGTON MARKET PARK

BATTERY PARK

Pier A

Governors Island Ferry 1

Staten Island Ferry

Statue Cruises

GOVERNORS ISLAND

ELLIS ISLAND

STATUE OF LIBERTY

MAP KEY

Major Development Milestones

Transportation

Open Spaces

Hotels

Residential

Hotel & Residential

STONE STREET TAVERN. 52 STONE STREET.

2017 RETAIL MARKET GUIDE

LOWER MANHATTANâ&#x20AC;&#x2122;S RETAIL REVOLUTION

Alliance for Downtown New York 120 Broadway Suite 3340 New York, NY 10271 212-566-6700 DowntownNY.com Telephone: 212-835-2787 Email: Retail@DowntownNY.com

Photo Credits:

Mark Weinberg for Utopia, The Agency - Cover, pages 4,8,11,13-21,27-28,30-31 Pete Thompson for Utopia, The Agency - pages 2,4,8-11,13-15,19,21-26,28-29,42-43 Bryan Thompson for Utopia, The Agency - pages 6-7,25-26 Josh Rothstein for Utopia, The Agency - page 24 Tara Donne for Utopia, The Agency - page 23 Jane Kratochvil - pages 13 Madison McGaw/BFA.com - page 13 Lowdown Hudson Music Fest 2015 Photo by Ryan Muir, Courtesy Arts Brookfield - page 26-27 Courtesy of Macklowe Properties - page 15