Development

NoMad is Experiencing Unprecedented Development

Positive hotel and residential development has steadily increased in recent years.

Development

Sony Moving US Headquarters to NoMad NYC

Sony will be moving its US Headquarters from Midtown near 55th Street to NoMad. Their new location will be 11 Madison Avenue (between 24th and 25th Streets).

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NoMad The Spotlight In The Financial Times

The Financial Times has picked NoMad as one of the cities hotbeds for residential real estate.

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Businesses Flocking To NoMad

The NoMad neighborhood is quickly establishing itself as a rival to Soho. Designer Derek Lam will be moving from his Soho headquarters to the 13,350 square foot eighth floor at 105 Madison.

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NoMad Real Estate: $60 Million Retail Condo

NoMad real estate is booming. According to Crain’s, real estate investment firm Savanna is negotiating to purchase a 30,000 sf retail condo for $60 million at 1107 Broadway.

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Natuzzi Opening NoMad Furniture Flagship

Italian furniture retailer Natuzzi is leaving Soho to open a NoMad flagship store. They will be moving from their Greene Street location to occupy a 4,900 sf ground floor space at 105 Madison (near 30th Street).

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NoMad Real Estate Update: Huys, One Madison

Huys Condominium at 404 Park Avenue South in NoMad announced nine months before the expected completion of the building that 80% of the units, priced from $1.5 to $11 million had already sold. With NoMad’s central location and prime park access, some area agents suggested neighborhood pricing could reach more than $2,500 per sq. ft. by the end of 2013.

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