New York, June 27, 2017 – The historic Victoria Theater on West 125th Street in New York City is undergoing a major redevelopment that will eventually incorporate a Renaissance Hotel, 229 residential units, and additional cultural/performance space. Developers Lam Group and Exact Capital, who broke ground on the project at the beginning of May, have named Colliers International and its minority business partner Madison Square Realty leasing agents for the development’s retail space.
Totaling 24,000 square feet on two floors, this retail space is ideal for food, entertainment, fashion cosmetic and numerous other users seeking to tap the estimated 10.8 million pedestrians who annually traverse Harlem’s most active retail corridor. The location is steps from the world-famous Apollo Theater and easily accessible from the A, B, C, D, 2 and 3 subway lines. Neighboring retailers include Whole Foods, Marshalls, H&M, Gap, Old Navy, The Children's Place, Duane Reade, Party City, TD Bank, CVS, MAC, Verizon Wireless, Capital One Bank, Carver Bank Sprint, T-Mobile, Citibank, Blink Fitness and recently announced Victoria’s Secret.
Colliers’ Patrick Breslin, Samuel Gatan and Kenny Yip and Madison Square Realty’s Eric Yarbro will act as agents for the retail space, located at 233 West 125th Street, between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard. Division is possible in blocks ranging from 967 square feet to 24,000 square feet. The space should be ready for occupancy by the second quarter of 2019.
“One Hundred Twenty-fifth Street has always been a multi-dimensional hub for the Harlem community, and the redevelopment of the Victoria Theater both retains an important piece of history and expands the area’s appeal to a even larger audience of residents, office workers, shoppers, tourists and entertainment seekers,” commented Eric Yarbro, founder and CEO of Madison Square Realty. Patrick Breslin, Vice Chairman at Colliers International, added, “The new Victoria Theater complex offers a unique opportunity to lease totally new space in a highly desirable section of the 125th Street Corridor. Savvy retailers can tap into the area’s energy and growth to expand their own success.”
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