NEW YORK, July 18, 2022 /PRNewswire/ — The Howard Hughes Company® introduced right this moment that iconic dressmaker Alexander Wang has chosen the Seaport in New York Metropolis for its new world headquarters and showroom, signing a 15-year lease for roughly 46,000 sq. toes of artistic workplace area on the Fulton Market Constructing in Decrease Manhattan. The style firm will take over the whole high flooring, together with a 5,000-square-foot patio of the historic constructing overlooking the Seaport’s cobblestone streets and providing views of the Brooklyn Bridge and East River.
“We’re excited to have Alexander Wang open his new workplace and showroom on the Seaport,” mentioned Saul Scherl, President of the New York Tri-State Area, The Howard Hughes Company. “In 2018, Alexander Wang offered a runway present on the Seaport that reworked the rooftop at Pier 17 right into a panoramic stage of New York Metropolis. In the present day’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.”
Alexander Wang launched his eponymous label in 2005, rapidly changing into one of the influential designers within the vogue trade. Recognized for his elevated road fashion, Wang’s aesthetic stays genuine throughout his varied strains, and has impressed a whole technology to embrace his sportswear-inspired appears.
Alexander Wang joins the rising roster of notable manufacturers which have made the Seaport their dwelling, together with ESPN, whose New York Seaport studios broadcast greater than 200 hours of programming per week, and Nike, whose artistic studio opened in 2019. The Seaport’s city walkability and connection to the world’s unbiased retailers, eating places, artwork galleries and leisure venues—together with entry to Decrease Manhattan’s waterfront and its one-of-a-kind views—have established the district as a extremely sought-after location for companies trying to be part of the dynamic downtown neighborhood.
“Alexander Wang’s choice 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,” mentioned David R. O’Reilly, Chief Govt Officer of The Howard Hughes Company.
The lease brings the Fulton Market Constructing to 100% leased and the Seaport as a neighborhood to 68% leased, with a mix of versatile industrial area remaining, together with 88,000 sq. toes of workplace area remaining at Pier 17.
Alexander Wang was represented within the transaction by Sean Black from BLACKre. The Howard Hughes Company was represented by Mary Ann Tighe, Gerry Miovski, Brett Shannon, Zac Worth and Marsha Dudelzak from CBRE.
Development will start later this yr, with an anticipated move-in date of 2023.
About The Seaport
The Seaport is New York Metropolis’s authentic maritime hub situated alongside the East River in Decrease Manhattan. In the present day, the historic neighborhood serves as a vibrant dwelling to residents and a world vacation spot for visiting vacationers, providing greater than 450,000 sq. toes of leisure, group, eating, and cultural experiences, together with its iconic waterfront views of the Brooklyn Bridge and town skyline. Residence to unbiased retailers resembling McNally Jackson Books, Manhattan’s first iPic Theaters, and the historic South Road Seaport Museum, the Seaport—with assist from founding companions Chase, Lincoln, Heineken, and Pepsi—celebrates its native cultural cloth and group connectivity by way of programming that features Seaport Match, Seaport Sounds, Seaport Cinema, in addition to Seaport Youngsters and Seaport Arts.
The Seaport additionally options Pier 17, New York Metropolis’s main eating & leisure vacation spot, together with The Rooftop at Pier 17®, an award-winning outside efficiency venue, and the year-round rooftop restaurant The Greens providing panoramic views of the Decrease Manhattan skyline. The bottom flooring of Pier 17 options eating places from acclaimed cooks together with Jean-Georges Vongerichten, David Chang, Helene Henderson, and Andrew Carmellini. Pier 17 can also be dwelling to ESPN’s stay broadcast studios and Nike’s artistic workplace area. Opening this summer season is the reconstructed Tin Constructing as a 53,000-square-foot market curated by Jean-Georges. Go to www.TheSeaport.nyc for the most recent.
About The Howard Hughes Company®
The Howard Hughes Company owns, manages, and develops industrial, residential, and mixed-use actual property all through the U.S. Its award-winning belongings embrace the nation’s preeminent portfolio of grasp deliberate communities, in addition to working properties and growth alternatives together with: the Seaport in New York Metropolis; Downtown Columbia®, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® within the Larger Houston, Texas space; Summerlin®, Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Douglas Ranch in Phoenix. The Howard Hughes Company’s portfolio is strategically positioned to fulfill and speed up growth based mostly on market demand, leading to one of many strongest actual property platforms within the nation. Devoted to modern placemaking, the corporate is acknowledged for its ongoing dedication to design excellence and to the cultural lifetime of its communities. The Howard Hughes Company is traded on the New York Inventory Change as HHC. For added data, go to www.howardhughes.com.
The Alexander Wang model’s sensibility is a mirrored image on contrasts, mixing seamlessly between the refined and the imperfect. His collections have an un-precious outlook on vogue and at all times replicate a way of ease. He’s famend for his irreverent method and for perpetually evolving and re-contextualizing the city uniform. Born and raised in San Francisco, California, Wang moved to New York Metropolis and launched his eponymous label in 2005. The model at present owns and operates 13 shops in New York, London, and mainland China in addition to alexanderwang.com, along with 26 partnered shops globally. The Alexander Wang collections are additionally accessible by way of luxurious retailers worldwide. For extra data, go to www.alexanderwang.com or observe us @alexanderwangny.
Secure Harbor Assertion
Statements made on this press launch that aren’t historic information, together with statements accompanied by phrases resembling “will,” “consider,” “anticipate,” “allows,” “understand,” “plan,” “intend,” “assume,” “rework” and different phrases of comparable expression, are forward-looking statements inside the that means of the Personal Securities Litigation Reform Act of 1995. These statements are based mostly on administration’s expectations, estimates, assumptions, and projections as of the date of this launch and will not be ensures of future efficiency. Precise outcomes might differ materially from these expressed or implied in these statements. Components that would trigger precise outcomes to vary materially are set forth as danger elements in The Howard Hughes Company’s filings with the Securities and Change Fee, together with its Quarterly and Annual Reviews. The Howard Hughes Company cautions you to not place undue reliance on the forward-looking statements contained on this launch. The Howard Hughes Company doesn’t undertake any obligation to publicly replace or revise any forward-looking statements to replicate future occasions, data or circumstances that come up after the date of this launch.
Wagstaff Media & Advertising
Lindsay McCabe, 973-214-1873
The Howard Hughes Company
Cristina Carlson, 646-822-6910
Senior Vice President, Head of Company Communications
For HHC Investor Relations
Eric Holcomb, 281-475-2144
Senior Vice President, Investor Relations
Carlos Olea, 281-475-2143
Chief Monetary Officer
View authentic content material to obtain multimedia:
SOURCE The Howard Hughes Company