There's No Place Like NoMad

September 16, 2014

Real Estate Round-Up: The Real Deal Highlights NoMad

The Nomad Real Estate Round-up covers all of the neighborhood's latest news, including Rizzoli's move to the St. James Building.

New York real estate website The Real Deal recently published an article highlighting the flood of new businesses into the NoMad neighborhood. Centered around the forthcoming Virgin Hotel, the article outlines some of the businesses that have helped to shape the NoMad neighborhood as a hotbed for food, culture and high fashion.

The article’s author Rich Bockmann explains, “Soho, Tribeca, the Meatpacking District … and NoMad? The neighborhood north of Madison Square Park is not the first that comes to mind for chic shopping. But a tide of changing retail in the stretch along Broadway from 23rd to 30th streets is altering that… the area has been on the upswing since the restoration of Madison Square Park in the early aughts and was boosted by the arrival of Danny Meyer’s trendy Shake Shack burger joint in 2004. But the arrival of the Ace Hotel back in 2009 heralded the beginning of a new retail landscape that is only now coming into its own.”

The article was published a mere days before Colliers International announced that it signed two more tenants (high-end rug designers Tai Ping and content producer F+W Media) into the building at 1140 Broadway.

The building, which sits in center of the NoMad District, also houses offices for mtheory, S2BN Entertainment and famed Chef Bobby Flay. Colliers vice chairman Andrew Roos commented, “1140 Broadway continues to attract and maintain an eclectic community of tenants… F+W and Tai Ping Carpets are prime additions to the asset, which has been a major catalyst in drawing notable tech, creative, media, entertainment, and architecture tenants to the neighborhood.”

In addition, Kew Management announced last week that iconic NYC bookstore Rizzoli would be moving to their historic St. James Building in NoMad. This created quite a stir in the media with Curbed, Gothamist, Wall Street Journal and many more outlets covering the story.