Move over NIKE here comes IKEA! The acquisition will transform the existing retail property at 529 Broadway into a mixed-use building combining retail and office space. Following last year\u2019s investment in 570 Fifth Avenue, this acquisition marks a significant moment in the IKEA urban retail expansion strategy.<\/p>\n
This strategic acquisition brings IKEA to the center of SoHo, one of New York’s top retail destinations with over 12.2 million annual visitors. Ingka Investments will operate the entire building, comprising of five and half floors plus a lower level, totaling 53,000 square ft (4,924 sq m). Built in 2016, it is one of very few newly constructed properties in SoHo, designed to complement its historic surroundings while offering modern retail and office spaces.<\/p>\n
The IKEA store will occupy the first and second floors, with the lower level used for storage and other back-office facilities, covering approximately 25,000 sq ft (2,300 sq m). The upper four floors will be renovated for premium office use.<\/p>\n
Ikea Opening \u00a0Permanent Store in SOHO- Coming Soon<\/p>\n
529 Broadway<\/p>\n
New York, NY<\/p>\n
Stay Tuned IN!!!<\/p>\n","protected":false},"excerpt":{"rendered":"
Move over NIKE here comes IKEA! The acquisition will transform the existing retail property at 529 Broadway into a mixed-use building combining retail and office space. Following last year\u2019s investment in 570 Fifth Avenue, this acquisition marks a significant moment in the IKEA urban retail expansion strategy. This strategic acquisition brings IKEA to the center of SoHo, one of New York’s top retail destinations with over 12.2 million annual visitors. Ingka Investments will operate the entire building, comprising of five and half floors plus a lower level, totaling 53,000 square ft (4,924 sq m). Built in 2016, it is one of very few newly constructed properties in SoHo, designed to complement its historic surroundings while offering modern retail and office spaces. The IKEA store will occupy the first and second floors, with the lower level used for storage and other back-office facilities, covering approximately 25,000 sq ft (2,300 sq m). The upper four floors will be renovated for premium office use. Ikea Opening \u00a0Permanent Store in SOHO- Coming Soon 529 Broadway New York, NY Stay Tuned IN!!!<\/p>\n","protected":false},"author":5,"featured_media":19334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[29,744,589,1255],"class_list":["post-19333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","tag-free-events","tag-getitforless","tag-grand-opening","tag-ikea-opening-permanent-store-in-soho-coming-soon"],"yoast_head":"\n