New York City, NY — The Worldwide Leasing Team of Faith Consolo announces the exclusive leasing assignment of a superb 22,000 square feet retail location facing the front of the world renowned Empire State Building. The famed building receives 2 million tourists annually and gives future retailers access to this highly visible and highly trafficked area.
With a base floor plate of 5,400 square feet, this location will have four (4) levels and will boast a newly designed glass wall storefront. The storefront will be transparent from the exterior giving the future retailer, bank, service institution, and/or restaurant, an exciting facade to
The location is an ideal setting for retail. According to Luxury Daily, New York ranks as the top retail city for its physical characteristics and its perceived desirability. Shoppers spend more than other large cities worldwide. Oxford Economics measures its total expenditures at $258.3 billion and New Yorkers spend an average of $8,500 per capita.
Neighboring merchants along 34th street and 5th Avenue include the new arrival of Build A Bear and Amazon’s first store in New York City. There are additional retailers such as American Eagle, Victoria’s Secret’s, H&M, ZARA and UNIQLO.
All the big retailers are there. “The foot traffic from The Empire State Building, Macy’s, and Lord & Taylor Department Stores alone, all the best New York City has to offer. Nothing else compares to pedestrian traffic at this location. We are located within one of New York’s major heartbeats,” says Faith Hope Consolo, recognized worldwide as the “Queen of Retail.”
The property previously housed three retailers with a long rental history. Consolo was waiting for the right opportunity to transform the space into a highly visible retail space. “Just with the vertical nature alone, one will be able to see the property from blocks away.”
Consolo has decades of experience and was the sole retail consultant to the Economic Development Corporation at the center of the revitalization of Times Square and Penn Station. She has also been a key player in Fifth Avenue’s return as the “Luxury Walk” and Madison Avenue’s once again achieving its glitter as the “Golden Mile.”
About Faith Hope Consolo
Faith Hope Consolo is a powerful voice in the New York real estate scene and has extensive experience working with iconic brands and fashion houses around the world. As chairman of Douglas Elliman, she is responsible for the most successful commercial division of New York’s largest residential real estate brokerage firm.
Recognized worldwide as the “Queen of Retail,” Consolo is sought for her expertise as a consult and retail broker. She has played a major role in revitalizing and sculpting retail corridors both nationally and internationally. This includes local projects like the revitalization of Times Square and Penn Station, Fifth Avenue’s return as the “Luxury Walk”, and Madison Avenue’s once again achieving its glitter as the “Golden Mile.”
Her work has been featured multiple times in leading publications such as The New York Times and The Wall Street Journal. She is a powerful voice in the New York real estate scene and has extensive experience working with iconic brands and fashion houses. To her, style knows no price point.
Before joining Elliman in 20015, she served as vice chairman of Garrick-Aug Worldwide for nearly 20 years, founding the firm’s international division and opening the European office in Paris. Her expansive client base includes many world renowned fashion houses and brands including Cartier, Versace, Jimmy Choo, Manolo Blahnik, Giorgio Armani and Fendi.