Vornado Realty Trust Engages Newmark for Next Phase of THE PENN DISTRICT Retail Renaissance [Yahoo! Finance]
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Source: Yahoo! Finance
for the next stage in its retail transformation in THE PENN DISTRICT on Manhattan's new West Side. Vornado has tapped the Newmark retail team overseen by Chairman of Global Retail Mark Masinter , who will work closely with Newmark's Retail Vice Chairman Karen Bellantoni Jackie Totolo Pierce Thompson , and Nick Masinter The reinvention of Vornado's retail holdings is a core component of its $2.5 billion revitalization of THE PENN DISTRICT campus. Over the past decade, Vornado has redeveloped more than 5 million square feet of Class A office space, introduced more than 300,000 square feet of inviting public plazas, and led a series of public-private partnerships to enhance the area's transit infrastructure. In conjunction with these projects, Vornado has developed 1.1 million square feet of new retail throughout its PENN DISTRICT holdings. The newly created space is now home to a wide array of retailers, including more than 70 curated food and beverage purveyors. Plaza 33, the new
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