Shoppers Will Soon Meet Their Other Face at LEED Gold 510 Madison Avenue

With its glass curtain wall already garnering accolades, 510 Madison Avenue has secured a retail tenant for 3300 square feet of space at its East 53rd Street corner.

Although Apple recently backed off leasing office space at Macklowe Properties’ LEED Gold hopeful 510 Madison Avenue , the developer does have some fresh good news to share in advance of today’s planned topping off of the 350,000-square-foot, 30-story tower. Famed luxury watch purveryor Tourneau has inked a 3300-square-foot lease for retail space at the building’s East 53rd Street corner. Macklowe Chairman and CEO Billy Macklowe told the New York Post that the property should be ready for occupancy by the end of the year.

Although Macklowe has only inked one office tenant to date (investment outfit Jay Goldman & Co .), Mr. Macklowe is confident that the tower will perform as planned. “I think all markets cycle,” he told the Post . “We’re still in the Plaza District, the premier business district in Manhattan.” The Post reports that the project’s shimmering glass curtain wall- already rising along Madison Avenue- is debuting to rave reviews from neighboring tenants. Asking rents for the retail space secured by Torneau were $600 per square foot; Robert K. Futterman represented the tenant, with an in-house team for Macklowe.

About Stephen Del Percio

Stephen Del Percio has written for gbNYC+ since 2006 and currently serves as in-house counsel for one of the world's largest engineering, construction, and technical services companies. He earned a B.Eng. from Columbia, his J.D. at William & Mary, and lives in New York City with his wife and daughter. You can follow Stephen on Twitter, email him at stephen@gbNYC.com, or join gbNYC on Facebook to continue the conversation.

about gbNYC

gbNYC is a multi-disciplinary consulting and real estate services firm. In addition to representing office tenants and commercial buyers in leasing and acquisitions, we also provide innovative consulting solutions from a unique, green building perspective. We advise on green building financial incentives, comment on proposed green building marketing strategies, author white papers, treatises, and market analyses, organize seminars on the LEED process and professional accreditation, and provide advice and analysis on green building risk management and the overall state of green real estate, leasing, and construction, in New York City and beyond.

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