NEW YORK, July 18, 2022 /PRNewswire/ — The Howard Hughes Company® introduced in the present day that iconic clothier Alexander Wang has chosen the Seaport in New York Metropolis for its new world headquarters and showroom, signing a 15-year lease for about 46,000 sq. ft of inventive workplace area on the Fulton Market Constructing in Decrease Manhattan. The style firm will take over your complete prime flooring, together with a 5,000-square-foot patio of the historic constructing overlooking the Seaport’s cobblestone streets and providing views of the Brooklyn Bridge and East River.
“We’re excited to have Alexander Wang open his new workplace and showroom on the Seaport,” stated Saul Scherl, President of the New York Tri-State Area, The Howard Hughes Company. “In 2018, Alexander Wang offered a runway present on the Seaport that remodeled the rooftop at Pier 17 right into a panoramic stage of New York Metropolis. As we speak’s announcement exemplifies the numerous revitalization of the Seaport neighborhood that has helped remodel Decrease Manhattan into one of many metropolis’s most sought-after locations.”
Alexander Wang launched his eponymous label in 2005, shortly turning into one of the influential designers within the vogue trade. Recognized for his elevated road model, Wang’s aesthetic stays genuine throughout his numerous traces, and has impressed a complete technology to embrace his sportswear-inspired appears to be like.
Alexander Wang joins the rising roster of notable manufacturers which have made the Seaport their house, together with ESPN, whose New York Seaport studios broadcast greater than 200 hours of programming every week, and Nike, whose inventive studio opened in 2019. The Seaport’s city walkability and connection to the world’s impartial retailers, eating places, artwork galleries and leisure venues—together with entry to Decrease Manhattan’s waterfront and its one-of-a-kind views—have established the district as a extremely sought-after location for companies seeking to be part of the dynamic downtown neighborhood.
“Alexander Wang’s number of the Seaport for its new NYC workplace and showroom displays the rising demand we’re seeing nationwide for business area that’s surrounded by robust experiential choices and built-in into our nation’s most dynamic communities,” stated David R. O’ReillyChief Government Officer of The Howard Hughes Company.
The lease brings the Fulton Market Constructing to 100% leased and the Seaport as a neighborhood to 68% leased, with a mix of versatile business area remaining, together with 88,000 sq. ft of workplace area remaining at Pier 17.
Alexander Wang was represented within the transaction by Sean Black from BLACKre. The Howard Hughes Company was represented by Mary Ann Tighe, Gerry Miovski, Brett Shannon, Zac Value and Masha Dudelzak from CBRE.
Building will start later this yr, with an anticipated move-in date of 2023.
About The Seaport
The Seaport is New York Metropolis’s authentic maritime hub positioned alongside the East River in Decrease Manhattan. As we speak, the historic neighborhood serves as a vibrant house to residents and a world vacation spot for visiting vacationers, providing greater than 450,000 sq. ft of leisure, group, eating, and cultural experiences, together with its iconic waterfront views of the Brooklyn Bridge and town skyline. Residence to impartial retailers akin to McNally Jackson Books, Manhattan’s first iPic Theaters, and the historic South Road Seaport Museum, the Seaport—with assist from founding companions Chase, Lincoln, Heineken, and Pepsi—celebrates its native cultural material and group connectivity by way of programming that features Seaport Match, Seaport Sounds, Seaport Cinema, in addition to Seaport Youngsters and Seaport Arts.
The Seaport additionally options Pier 17, New York Metropolis’s main eating & leisure vacation spot, together with The Rooftop at Pier 17®, an award-winning outside efficiency venue, and the year-round rooftop restaurant The Greens providing panoramic views of the Decrease Manhattan skyline. The bottom flooring of Pier 17 options eating places from acclaimed cooks together with Jean-Georges Vongerichten, David Chang, Helene Hendersonand Andrew Carmellini. Pier 17 can also be house to ESPN’s dwell broadcast studios and Nike’s inventive workplace area. Opening this summer season is the reconstructed Tin Constructing as a 53,000-square-foot market curated by Jean-Georges. Go to www.TheSeaport.nyc for the most recent.
About The Howard Hughes Company®
The Howard Hughes Company owns, manages, and develops business, residential, and mixed-use actual property all through the US Its award-winning property embrace the nation’s preeminent portfolio of grasp deliberate communities, in addition to working properties and growth alternatives together with: the Seaport in New York Metropolis; Downtown Columbia®, Maryland; The Woodlands®The Woodlands Hills®and Bridgeland® within the Better Houston, Texas areas; Summerlin®, Las Vegas; Ward Village® in Honolulu, Hawaii; and Douglas Ranch in Phoenix. The Howard Hughes Company’s portfolio is strategically positioned to fulfill and speed up growth primarily based on market demand, leading to one of many strongest actual property platforms within the nation. Devoted to progressive placemaking, the corporate is acknowledged for its ongoing dedication to design excellence and to the cultural lifetime of its communities. The Howard Hughes Company is traded on the New York Inventory Trade as HHC. For extra data, go to www.howardhughes.com.
The Alexander Wang model’s sensibility is a mirrored image on contrasts, mixing seamlessly between the refined and the imperfect. His collections have an un-precious outlook on vogue and all the time mirror a way of ease. He’s famend for his irreverent strategy and for perpetually evolving and re-contextualizing the city uniform. Born and raised in San Francisco, CaliforniaWang moved to New York Metropolis and launched his eponymous label in 2005. The model presently owns and operates 13 shops in New York, London, and mainland China in addition to alexanderwang.com, along with 26 partnered shops globally. The Alexander Wang collections are additionally obtainable by way of luxurious retailers worldwide. For extra data, go to www.alexanderwang.com or comply with us @alexanderwangny.
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Statements made on this press launch that aren’t historic details, together with statements accompanied by phrases akin to “will,” “imagine,” “anticipate,” “allows,” “understand,” “plan,” “intend,” “assume, ” “remodel” and different phrases of comparable expression, are forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. These statements are primarily based on administration’s expectations, estimates, assumptions, and projections as of the date of this launch and will not be ensures of future efficiency. Precise outcomes could differ materially from these expressed or implied in these statements. Components that might trigger precise outcomes to vary materially are set forth as danger components in The Howard Hughes Company’s filings with the Securities and Trade Fee, together with its Quarterly and Annual Experiences. The Howard Hughes Company cautions you to not place undue reliance on the forward-looking statements contained on this launch. The Howard Hughes Company doesn’t undertake any obligation to publicly replace or revise any forward-looking statements to mirror future occasions, data or circumstances that come up after the date of this launch.
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SOURCE The Howard Hughes Company