If work-from-home spells the inevitable future, somebody forgot to tell Ralph Lauren Polo.
The fashion giant just renewed its lease on a long-term basis for 250,000 square feet of offices at RXR’s Starrett-Lehigh Building — more than ten percent of the 2.3 million square-foot, industrial-era leviathan.
RXR managing director Bill Elder couldn’t speak for Ralph Lauren specifically. But he said he’s seen a “big population increase” at the entire building this year.
The mammoth streamlined structure between Eleventh and Twelfth avenues and between West 26th and West 27th streets is more than seventy percent leased.
Elder attributed its appeal to more than 100,000 square feet of amenities including Marcus Samuelsson’s Hav + Mar restaurant (which is “doing phenomenally,” Elder said), the Olly Olly food hall and the 601 Athletic Club.
Rents range from the low $60s to the upper $70s per square foot.
Other Starrett-Lehigh tenants include OXO, Johnson & Johnson and Fashionphile, which sells “pre-owned, ultra-luxury accessories,” according to its website.
CBRE’s Eric Deutsch and Ken Myerson represented Ralph Lauren while RXR’s Dan Birney repped the landlord in-house.
Credit: Source link
