Alexander Wang Inks Deal For New Global HQ At Seaport

Fashion designer Alexander Wang is setting up shop in Lower Manhattan, opening a new office and showroom at the Fulton Market Building in the Seaport district.

The space will span 46K SF across the entire top floor of the building, landlord The Howard Hughes Corp. announced Monday. The building on South Street is now full up with tenants, and the district almost 70% leased, according to the company.

"Alexander Wang's selection of the Seaport for its new NYC office and showroom reflects the growing demand we are seeing nationwide for commercial space that is surrounded by strong experiential offerings and integrated into our country's most dynamic communities," Howard Hughes CEO David O'Reilly said in a statement.

The designer will be neighbors with the likes of ESPN, which opened studios at Pier 17 in 2018. Nike signed into the building with a 23K SF lease the same year. The Fulton Market Building itself is home to the iPic theater and temporary events space.

Alexander Wang’s deal, which is for 15 years, will see the luxury retailer moving from 45K SF at 386 Broadway, per Commercial Observer. 

The historic district, which Howard Hughes took over transforming in 2010, now has 450K SF of entertainment, community, dining and cultural space. Last year, the developer scored city approval to build a 25-story, 270-unit apartment building at 250 Water St. As proposed, the project would contain 70 affordable units and Howard Hughes would donate $50M to the South Street Seaport Museum.

This summer, the Tin Building, a new 53K SF culinary marketplace curated by Jean-Georges Vongerichten is set to open.

Sean Black from BLACKre represented the tenant in the Alexander Wang lease. Howard Hughes Corp. was represented by CBRE’s Mary Ann Tighe, Gerry Miovski, Brett Shannon, Zac Price and Masha Dudelzak.

The new HQ will come as something of a boost for the Lower Manhattan office leasing market. The Financial District has the highest office availability rate in Manhattan, sitting at 25.2%, per Colliers data.