Two new tenants at famed NYC Midtown towers bolster luxury retail market

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Real Estate,Leases,Luxury

Bonhams will reportedly move into the landmarked former Steinway Piano showroom at the base of 111 W. 57th St.

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Venerable, London-based auction house Bonhams is moving to 111 W. 57th St., the pencil-thin condo tower developed by Apollo Commercial Real Estate Finance, JDS Development Group and Property Markets Group, our moles revealed. Bonhams will move and expand from about 30,000 square feet at Minskoff Equities’ 590 Madison Ave., where it’s been since 2008, to more than 41,000 square feet at its new location.

According to a brochure, the rotunda “once welcomed musical performances by such virtuosos as Sergei Rachmaninoff, Vladimir Horowitz and Sir Elton John.” A Newmark team of Jackie Totolo, Pierce Thompson, Adam Weinblatt and Robert Cohen repped the developers. Cushman & Wakefield’s Kenji Ota and Jennifer Konefsky acted for Bonhams. None could be reached.

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