JLL announced today it has been selected by The Howard Hughes Corporation© as the exclusive retail agent for the Seaport, the iconic waterfront destination that anchors Lower Manhattan.
“The Seaport is poised for major growth as we continue the ongoing revitalization of the neighborhood, reimagining a future that pays tribute to the past,” said Zach Winick, Co-President of the New York region for The Howard Hughes Corporation. “JLL understands our vision and partnering with them will cement the Seaport’s status as a year-round destination for residents, workers and visitors alike.”
The JLL Retail New York leasing team of Davie Berke, Corey Zolcinski and Michael Remer will lead the retail leasing initiatives, joined by vice chairman Patrick A. Smith. Senior vice president Catherine Loy will direct specialty leasing while executive vice president Erika Schanke will co-ordinate global and cross border tenant pursuits.
“The Seaport is one of New York’s most charming neighborhoods and an established destination in its own right,” said Smith. “As the global retail market continues to recover and reinvent itself, we will be looking to build on the ecosystem already in place with compelling new offerings, flexible terms for unique and relevant concepts and carefully selected long-term anchors positioned for success with a forward thinking, well capitalized ownership group. We believe we can help continue the Seaport’s evolution into an innovative, must-visit destination.”
The 10-acre Seaport is home to Jean-Georges Vongerichten’s world-renowned Tin Building, dining and entertainment destination Pier 17 with its summer rooftop concert series and restaurants by David Chang, Andrew Carmellini, and Helene Henderson, and independent businesses such as McNally Jackson Books, Manhattan’s first iPic Theaters, and the historic South Street Seaport Museum. JLL will oversee retail leasing across the entire neighborhood, which is strategically positioned to reap the advantages of thriving residential and office populations in Downtown Manhattan and a resurgence in tourism following COVID.
According to JLL’s Q1 2023 NYC retail report, the city’s retail sector is benefitting from a surge in tourism with the number of domestic and international visitors expected to continue growing this year. The Seaport attracts more than 10 million visitors a year, with foot traffic increasing dramatically in 2022 from pre-COVID levels.
The Seaport is New York City’s original neighborhood, a maritime hub of history located along the East River in Lower Manhattan, with iconic waterfront views of the Brooklyn Bridge and the city skyline. It serves as a vibrant home to residents and a global destination for travelers, offering more than 450,000 square feet of entertainment, dining, and cultural experiences. Home to independent businesses, the historic South Street Seaport Museum, the entertainment hub Pier 17®, and the newly restored Tin Building—a 53,000-square-foot culinary destination curated by Jean-Georges, the Seaport is an epicenter of culture. With support from Chase® and Heineken® — founding partners in The Howard Hughes Corporation’s revitalization of the Seaport — the neighborhood celebrates emerging and resident artists, local organizations, and community connectivity through its curated seasonal programming.
