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Pedestrian Boulevard And Retail On West Street, At Brookfield's World Financial Center (Photo: Business Wire)

Stocks in this article: BPO

“I applaud Brookfield for making a significant investment in the redevelopment of this iconic space while respecting the concerns of our residents,” said Gayle Horwitz, president of the Battery Park City Authority. “This collaboration between the Battery Park City Authority, the community, and our partners at Brookfield Office Properties will create a first class destination spot for dining, shopping and working in Battery Park City. ”

Fashion

The centerpiece of the World Financial Center retail renovation will be a collection of high fashion and best-in-class apparel retailers. More than 40 local and international retailers along with three mini-anchor retailers will draw shoppers from the tri-state region and beyond to the unique New York City waterfront shopping destination designed by retail architects Omniplan/Morrison Dilworth + Walls.

Marketplace

Inspired by great culinary markets from across Europe, a 25,000-square-foot gourmet marketplace will offer the highest quality fresh produce, meat, fish, cheese, bread and coffee with emphasis on organic offerings and local sources of origin. The market will also include home goods, a florist and a specialty wine shop.

Waterfront Dining

A collection of six diverse and unique restaurants along with a fast-casual dining component of 15 chef-driven concepts will serve downtown office workers, residents and tourists. This 30,000-square-foot dining concept, which includes more than 600 seats overlooking the Hudson River, is designed by AvroKO, the James Beard Award-winning architectural firm and BCV Architects, the award-winning designers of the Ferry Building Marketplace in San Francisco.

Major Retail Growth Area

“Lower Manhattan is the next major retail growth district for New York City. With over $20 billion of public and private projects underway, the neighborhood is undergoing a major transformation, said Wade McDevitt, CEO of the McDevitt Company, Brookfield’s lead broker for the expansion. “Astute retailers see the opportunities for growth in this underserved retail district. Located between the Hudson River and the World Trade Center Memorial, The World Financial Center is an ideal location for discerning retailers and restaurant operators and a stop for downtown tourists with unparalleled views of the New York Harbor and the Statue of Liberty. It is surrounded by an affluent residential population and the best office buildings in lower Manhattan. The convergence of such wealthy and diverse demographics can not be beat.”

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