Five Below and Target are among the tenants signed for Tishman’s renovated E*Walk retail and entertainment centre, in Times Square.
The renovated E*Walk in Manhattan’s Time Square is Tishman’s retail, entertainment and experiential retail complex, for which JLL has completed a 10,000sq ft two-floor lease with tween and teen value-retailer Five Below. After new leases with Target, Five Below and the newly re-configured Regal E*Walk Stadium, only prime, ground-floor, small spaces remain available for lease in the project.
The signed lease for Five Below coincides with the centre’s planned spring 2022 opening of a small-format Target and the completion of a $60M capital improvement and renovation of the retail complex and signage.
“E*Walk occupies a prime location for retailers,” Patrick A. Smith, Vice Chairman, Tishman Realty said. “The site is located along 42nd Street between Seventh and Eighth Avenues on one of the busiest intersections in New York City, with 94,000 daily passers-by and 65 million commuters a year from the nearby subway stations and Port Authority Bus Terminal. E*Walk’s location, adjacent to Times Square’s ‘Bowtie’ area, provides an incredible opportunity for retailers seeking a flagship-type store at competitive rental rates.”
