Manhattan Mall

Herald Square

(German CGI)

Recently transformed former Gimbles Dept.Store and later nine-story mall is now four floors of retail topped by five floors of Class A offices for Bank of America and Foote Cone & Belding. The new Steve &Barry ‘s store just opened on the second level. Other tenants include Express,Brookstone,Victoria ‘s Secret.Aeropostale has a fantastic store and its new Jimmy ‘z concept opened last month. This mall does close to $700 a foot in sales and rents vary by the floor and size of unit in a range of $80 to $150 a foot for average size units. Direct access to subway and PATH to NJ createsessentially three ground floors with access to the public.

Kings Plaza

5100 Ave.U at Flatbush Ave.,Brooklyn

Vornado Realty Trust Super regional mall renovated in 2000 has 1,087,622 square feet and 3,541 free surface parking. Shops include Macy ‘s, Sears,Old Navy,Century Theater and a variety of typical mall tenants.

Bay Plaza

2100 Bartow Ave.,Bronx (Welco Realty)

An open air strip center that may become enclosed into a regional mall,it has 825,000 square feet and 4,500 open parking spaces. Shops include Barnes & Noble,AMC Bay Plaza Cinema,Bally ‘s,Big Kmart,JC Penney,Marshalls,P.C. Richards,Pathmark,Toys ‘R Us,Old Navy,Staples. Close to I-95 and the Hutchinson River Parkway, and served by four bus lines.

Staten Island Mall

2655 Richmond Ave.

(General Growth Properties)

With 1,229,000 square feet and 7,200 parking spaces, this super regional mall was renovated in 1993. Shops include JC Penney, Macy ‘s,Nike by Training Camp and Sears. This T-shaped,two-level center has skylights,three

water features,and extensive landscaping. A dramatic expansion to the borough ‘s only major retail complex will add

approximately 110,000 square feet add new clothing shops,a bookstore,a home furnishings store and four new restaurants. This addition will feature an inviting streetfront with a new and relocated Food Court with seating for 900.

With good access to I-278 and Route 440,it is surrounded by a variety of other strip malls housing other major big box tenants.

Queens Center

9015 Queens Blvd.

(Macerich Company)

Considered a super regional mall,owners The Macerich Company completed a $275 million,two-phase renovation just last year expanding the center to 173 shops in its 921,500 square feet. Macy ‘s and JC Penney are its anchors;other tenants include Coach and Banana Republic.ArmaniX opened in October. “We draw from 44 zipcodes,” said Dawn Simon,marketing manager. According to David Rosenberg of Robert K.Futterman &Associates,they previously did upwards of $900 a foot. “Now with the expansion,you are going to see them draw from a broader territory and not miss a beat with sales,” he said.

Time Warner Center

Columbus Circle

(Related Cos.Apollo,Palladium)

Indoor mall connected to Time Warner headquarters, Jazz@Lincoln Center,Mandarin Oriental Hotel,and two luxury condominium towers along with restaurants Masa, Thomas Keller,Café Grey,the Stone Rose,and the less successful Jean George Vonrichteron steakhouse, “V.” Whole Foods is a nightly foodfest and meeting spot. The Center generated $1,000 a foot in its first full year with sales up 16 percent and trending towards $1,200 a foot.While the mens ‘ stores like Hugo Boss started slow,,sales increased over 40 percent over the same period last year. Benetton opened a month ago and in its first couple of weekends outwrote sales at its East Side stores. “The New York shoppers and visitors are gtteing familiar with the project and navigating it,” said R..Webber Hudson of Related Cos.

The center was initially drawing 80 percent from a ten block but is now up to 40 to 45 percent visitors.All the retail

leases have a percentage rent clause and Hudson said, “We are enjoying a good amount of percentage rent.”