Lower Manhattan Will Undergo a Retail Revival

(The New York Times) In Manhattan, where most of the city’s stores are small, street-level boutiques, mammoth shopping malls are rare. But next spring, the endless maze of cranes and construction pits that has enveloped Lower Manhattan for more than a decade will be mostly cleared away, making room for not one, but two, massive retail centers.

At the World Trade Center retail complex, centered on the transportation hub, or Oculus, 150 stores are planned to entice shoppers through sprawling corridors to browse $900 metallic leather pumps at Tom Ford or stock up on discounted toothpaste at Duane Reade.

Across West Street, hugging the Hudson River, is Brookfield Place, where visitors will find luxury boutiques like Hermès and Burberry, the French dining hall Le District and the foodie favorites Umami Burger and Black Seed bagel.

“There is a retail revolution that is underway in Lower Manhattan,” said Jessica Lappin, the president of the Alliance for Downtown New York, which runs the neighborhood business improvement district. “Most people haven’t fully wrapped their brains around the scale of the changes that are coming.”

Brookfield Place, across from the World Trade Center, will have luxury boutiques like Hermès and Burberry, the dining hall Le District and Umami Burger. CreditSasha Maslov for The New York Times

Source: http://www.nytimes.com/2014/05/21/realesta...