Sephora moves to new Meatpacking home right next – Business News
The Meatpacking District’s winds of change are sweeping Sephora from its present Ninth Avenue location to Taconic Partners’ and Nuveen Real Estate’s 401 West 14th St., the home of an iconic Apple store.
The new lease is for 4,200 sq. ft on the ground ground of the huge building, right next door to Apple. Sephora is predicted to launch the new location within the first quarter of 2027.
“Sephora’s move to 401 West 14th St. underscores the importance that a highly visible and trafficked location has on the establishment of a strong retail presence.” stated Taconic Vice President Michael Adelstein.
The new lease is for 4,200 sq. ft on the ground ground of the huge building, right next door to Apple. Sephora is predicted to launch the new location within the first quarter of 2027. Paul Martinka
“The Meatpacking District, and in particular the corner of Ninth Avenue and 14th street, is one of the most iconic and in-demand shopping destinations in the world,” he added.
Retail availability within the Meatpacking District fell six proportion factors year-over-year, in accordance to Cushman & Wakefield — the steepest contraction in any submarket tracked by the firm. Average asking rents elevated 10.3%.
Taconic purchased the 65,000-square-foot 401 W. 14th St. in 2005 and repositioned it into premier workplace and retail property.
“Sephora’s move to 401 West 14th St. underscores the importance that a highly visible and trafficked location has on the establishment of a strong retail presence,” stated Taconic Vice President Michael Adelstein. Tamara Beckwith
Cushman & Wakefield’s Jason Greenstone represented the owner. MONA’s Virginia Pittarelli repped Sephora.
