Style Designer Alexander Wang Plans Headquarters Transfer to Manhattan’s Seaport

Designer Alexander Wang is relocating to the Seaport neighborhood in decrease Manhattan, in one other signal of transformation for an space billed as New York’s unique maritime hub.

The style label signed a 15-year lease spanning about 46,000 sq. toes for each its new international headquarters and a showroom on the Fulton Market Constructing positioned at 11 Fulton St., developer Howard Hughes Corp. stated Monday in an announcement.

The design home will take over your complete prime flooring of the constructing, together with a 5,000-square-foot patio overlooking the Seaport’s cobblestone streets and providing views of the Brooklyn Bridge and East River. Alexander Wang’s present main workplace is positioned at 386 Broadway in decrease Manhattan, in response to its LinkedIn web page. CoStar information exhibits its footprint there spans 34,500 sq. toes.

The model plans to start building of its new area within the upcoming months and transfer in subsequent yr. An Alexander Wang spokesperson didn’t instantly reply to a CoStar Information request searching for remark.

“Right now’s announcement exemplifies the numerous revitalization of the Seaport neighborhood that has helped rework decrease Manhattan into one of many metropolis’s most sought-after locations,” Saul Scherl, president of the New York tri-state area for Howard Hughes, stated within the assertion, including Alexander Wang in 2018 hosted a rooftop runway present on the Seaport’s occasion venue, Pier 17.

Alexander Wang can have a personal entrance on the Fulton Market Constructing, in response to its dealer within the transaction, Sean Black of BLACKre. He informed CoStar Information in an electronic mail Alexander Wang thought of different neighborhoods together with Chelsea, Gramercy, Greenwich Village, SoHo, Tribeca and the Monetary District earlier than selecting the Seaport.

The world, residence to the historic South Road Seaport Museum, has grow to be a vacationer vacation spot with greater than 450,000 sq. toes of “leisure, group, eating, and cultural experiences,” together with impartial retailers, eating places, artwork galleries and leisure venues, Howard Hughes stated. Tenants embody a McNally Jackson bookstore and Manhattan’s first iPic theater.

At Pier 17 — one other Howard Hughes growth, positioned throughout South Road from Alexander Wang’s new area — the rooftop consists of year-round restaurant The Greens. The bottom flooring options eating places from famed cooks together with Jean-Georges Vongerichten, David Chang, Helene Henderson and Andrew Carmellini. Pier 17 can also be residence to ESPN’s reside broadcast studios and Nike inventive workplace area, which opened in 2019, Howard Hughes stated.

This summer time, Howard Hughes plans to open the Seaport’s reconstructed Tin Constructing as a 53,000-square-foot market curated by Vongerichten.

“Alexander Wang’s collection of the Seaport for its new NYC workplace and showroom displays the rising demand we’re seeing nationwide for industrial area that’s surrounded by sturdy experiential choices and built-in into our nation’s most dynamic communities,” Howard Hughes CEO David O’Reilly stated within the assertion.

With Alexander Wang’s lease, the Fulton Market Constructing is 100% leased. The Seaport as a neighborhood is 68% leased, with a mixture of versatile industrial area remaining, together with 88,000 sq. toes of workplace area accessible at Pier 17, Howard Hughes stated.

Howard Hughes was represented by Mary Ann Tighe, Gerry Miovski, Brett Shannon, Zac Worth and Masha Dudelzak from CBRE.