Michael Kors Signs 15,000 SF Lease for New Soho Flagship at 520 Broadway
Tahl Propp Equities has leased a 15,000-square-foot space to Michael Kors at 520 Broadway, between Spring and Broome Streets. The three-level store will serve as the brand’s new SoHo flagship.
Construction will begin this summer.
The current tenant at 520 Broadway, the Club Monaco division of the Ralph Lauren Corporation, will vacate in June.
The tenant was represented in this transaction by Gary Dana and Adam Kramer of the Dana Commercial Group at Douglas Elliman Real Estate. Rodney Propp, Chairman of a Propp Family partnership, represented the landlord.
“This is a transaction that reflects the continuing preeminence of Broadway fronting retail in SoHo,” says Mr. Propp. “Shame on any global brand without a presence on this strip”