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Anatomy of a Lease: Saint Laurent in New York City

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Saint Laurent, the high-end French apparel and accessories retailer, signed a lease for space in a corner building on NYC’s Gansevoort Street, occupying the lower, street-level and second floor of the mixed-use building. The retailer has two other locations in NYC and intends to make this store its flagship unit. This location will act as an anchor for the other luxury tenants in the trendy shopping neighborhood. The store expects to be open by Q2 or Q3 of 2024.

Tenant: Saint Laurent
Location: The Meatpacking District, New York City
Square Footage: 13,000 s.f.
Developer: Aurora Capital Associates and William Gottlieb Real Estate
Property Type: Mixed-Use Building
Initial Term: 15 Years

Aurora Capital Associates and William Gottlieb Real Estate, which own a majority of the properties within NYC’s Meatpacking District, continue to embark on a massive redevelopment of the area by seeking suitable tenants for the district’s luxury-oriented revitalization. The property representatives revealed they have had to be very patient when seeking out the proper types of tenants, such as Saint Laurent, to occupy spaces in the neighborhood. Many of the luxury brands have recently been vacating units in the city’s SoHo neighborhood in favor of the now dynamic Meatpacking District. Other luxury co-tenants that the developers have coaxed into the neighborhood over the last few years include Gucci, Brunello Cucinelli, Aesop, Assouline, Loro Piana, Hermes and Rolex.

Tenant Representation:
Cushman & Wakefield
1290 Avenue of the Americas
New York, NY 10104
Michael O’Neill, Vice Chairman
(212) 841-7909, Ext. 337909
michael.oneill@cushwake.com

Property Representation:
Aurora Capital Associates
1407 Broadway, 41st Floor
New York, NY 10018
Jake Bank, Director
(212) 789-7117
jakeb@cayre.com
Jared Epstein, Principal
(212) 789-7274
jarede@cayre.com

Picture of Linda Frabl

Linda Frabl

Frabl is the former editor and reporter of Crittenden’s Retail Tenants Report. She has several years of experience in publishing including stints as a freelance writer, managing editor, copy editor and as an editor-in-chief for two Los Angeles County-based lifestyle magazines. She has worked for Crittenden Research since 2018. She has a degree in English from the University of California, Santa Barbara, and resides in San Diego.

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