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270 Greenwich StNew York, NY 10007
270 Greenwich Street
Asset ClassRetail
overview of deal

Overview

270 Greenwich Street is an institutional, grocery-anchored urban retail opportunity located in the heart of Tribeca, one of Manhattan’s most affluent and supply‑constrained neighborhoods. The condominium units total approximately 214,000 square feet of retail and parking spanning a full city block at the base of a luxury residential tower and are anchored by a top‑performing Whole Foods and Hobby Lobby’s New York City flagship. The asset features a mix of necessity‑based, experiential, credit tenants, and opportunities for growth, offering investors reliable cash flow and downside protection within a premier downtown Manhattan location.

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Investment Highlights

  • Irreplaceable urban grocery‑anchored asset. Institutional quality retail asset featuring a top-performing ~69,000 SF Whole Foods Market backed by a corporate Amazon guarantee.
  • Flagship Manhattan location for Hobby Lobby with embedded upside. Spanning ~75,000 SF on a long-term lease through 2035 and enhanced by unique West Side Highway signage rings.
  • Trophy scale, supply constrained retail in prime Tribeca. 214,000 SF two-level, trophy Tribeca retail asset with a 400-car garage, full-city block frontage, and one of Downtown Manhattan’s only big-box retail configurations.
  • Highly desirable, necessity driven tenant mix. Long-term stable cash flow with high-performing tenant mix including Whole Foods Market, Bank of America, SoulCycle, Hobby Lobby, and Metropolis.
  • Multiple, clear value enhancement levers. Embedded upside opportunities, including lease-up of the remaining vacancy, rentable area expansion, and meaningful parking revenue growth upon Metropolis lease rollover in 2031.
  • Built‑in affluent consumer base and exceptional access. Exceptional access to a high-traffic, affluent consumer base driven by 382 on-site luxury residential units, dense office population, and global tourism destinations, with direct connectivity to multiple subway lines, ferries, and West Street.
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270 Greenwich StNew York, NY 10007

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