East Broadway Mall Beneath the Bridge Hopes to ‘Revitalize’ Space with New Direction

Posted on: June 13th, 2016 at 5:00 am by
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A bastion of Chinese commerce will soon undergo a seismic shift. The southerly East Broadway Mall beneath the Manhattan Bridge is getting a “character” makeover. In a move to help “recreate” its identity, an entire floor of the northside facility is now up for grabs.

In particular, we are now seeing listings that pitch the whole second floor of 75 East Broadway for rent. Potential suitors can nab either the entire level for $35,000 a month (7,635 square-feet), or partial spaces carved from the whole that range from $900 to $3,800 (150-600 Square-feet). East Broadway Corporation, manager of the city-owned property, is reportedly willing to provide rent concessions during renovation months.

Christopher Lam, the broker representing the owner confirmed as much in an email. “The owners are looking to recreate the identity of this mall and hopefully bring some galleries that are looking for small/ large spaces or finding working office tenants into the mall. The owners are also wiling to divide if a new tenant is interested in only part of the floor.”

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As for the ground level, it’s expected that there will be vacancies in the coming months. “We will definitely entertain ideas of Restaurant, Bars, Cafes in the future,” Lamb further explains.

The commercial hub at 75 East broadway opened for business in 1994. The city, which owns the land on which the building sits, signed a fifty-year lease with the developer a decade earlier to develop the site.

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