East Midtown is NYC’s most in-demand market as Grand Central proximity beckons

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East Midtown is once again Manhattan’s most in-demand office market. Deals are still being done in the Hudson Yards area, Times Square, Midtown South and at the World Trade Center, but brokers say …

Furniture retailer Blu Dot has signed a lease at Vornado’s 715 Lexington AvenueThe retail space at 715 Lexington Avenue will get a big new tenant with furniture retailer Blu Dot joining the neighborhood.The deal for most of the retail “glass box” was negotiated by Sinvin’s senior managing director Sarah Shannon for Blue Dot and by Vornado’s Edward Hogan and Jason Morrison in-house.

Sinvin’s Shannon said, “With over 120 feet of wraparound glass frontage over the second and third floors, Blu Dot will have a powerful presence. The roof deck will allow Blu Dot to showcase their outdoor furniture line and to host customers and special events.” But it’s been as long as anyone can remember since the barista behemoth launched a new outpost in the heart of Midtown, which has seen mostly Starbucks closings and “consolidation.”

Cushman & Wakefield’s Steven Soutendijk and Sean Moran repped the landlord while David Firestein repped Starbucks.

 

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