The Real Deal Weekly Insider
The Real Deal Weekly Insider
Real Estate
 

The Real Deal Insider #24 Robert Futterman

Robert Futterman talks New York retail, from the mom-and-pops to Wal-Mart to the upper-end retail going into the revamped Plaza Hotel

New York retail is about making a statement, according to Robert Futterman, founder and CEO of retail brokerage Robert K. Futterman & Associates.

And that statement is increasingly more expensive. Retail rents in the city's choicest corridors have risen to several hundred dollars a square foot annually, and recently arrived national chains have eased out longtime mom-and-pop stores, especially on Manhattan's more heavily traveled avenues.

Still, Futterman, whose firm handled the retail in the Time Warner Center and is now marketing the retail in the Plaza Hotel, said in a recent podcast that he sees a continued diversity in New York City retail. Futterman talked of the retail potential for the South Bronx, for the Meatpacking District, and for the Plaza, pulling the curtain back for the first time publicly on which retailers might end up in the iconic hotel-turned-partly-condo.

To listen to the entire podcast, click one of the links below.


Author:  wwwtherealdealcom
Duration: 12:53
Published: 2006-10-01
Tag: n/a

 




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