NEW YORK — Australian developer Westfield will put its imprimatur on another downtown Manhattan retail and transportation project, the Fulton Center.
This story first appeared in the December 18, 2013 issue of WWD. Subscribe Today.
Dwarfed in size by the World Trade Center’s retail project, which Westfield owns — the company earlier this month bought the remaining 50 percent of the retail premises from the Metropolitan Transit Authority — the Fulton Center nonetheless has 180,000 square feet of space. About 63,000 square feet of space is designated for commercial and retail uses. About two-thirds will be earmarked for retail. The rest will be dedicated to open space and areas to be used for “back-of-house” functions.
The Fulton Center has been undergoing a massive renovation. It consists of a new glass and steel Fulton Building at the southeast corner of Broadway and Fulton Street; the historic Corbin Building at the northeast corner of Broadway and John Street; the Dey Street Headhouse at the southwest corner of Broadway and Dey Street, and the corridor under Dey Street that will connect to the World Trade Center in the future. The Fulton Center’s public areas are set to open in June.
The A, C and R subway lines will pass through the Fulton Center hub when it reopens.
“Westfield has great confidence in and commitment to downtown New York City as a world-class destination,” said Greg Miles, U.S. chief operating officer of Westfield. “We are pleased to be part of MTA’s new flagship Fulton Center and look forward to introducing an exciting retail offer for commuters and visitors alike.”
About 300,000 commuters will travel through the Fulton Center daily.