Manhattan Skyline Management Corp Brings IKEA to 999 Third Avenue
Manhattan Skyline Management Corp., one of New York City’s leading real estate organizations, has signed a lease agreement with Ikea at 999 Third Avenue, which will bring the retailer to Manhattan for the first time. The space will house the very first Ikea Planning Studio, a delivery-only concept store, due to open on April 15th, which will feature a wide range of smart home design solutions for small living spaces and New York City homes. This will be Ikea’s first city center store in the United States, marking its commitment to bringing the brand into the heart of urban areas.
Ikea has leased the entire retail space, located between 59th and 60th Streets, which consists of 3,710 square feet on the ground floor, 7,580 square feet on the second level, and 6,240 square feet on the lower level. Joshua Roth, Vice President, Retail Leasing for Manhattan Skyline Management Corp. represented the landlord on the deal and the tenant was represented by Eric S. Yarbro, Robert L.Freedman, Jonathan Plotkin, Taylor Bell and Timothy Pond of Colliers International.
“This is an exciting first foray into Manhattan for Ikea and 999 Third Avenue is a terrific location to launch this new concept and shopping experience for its loyal New York City customer base,” said Roth. “It’s perfectly situated in the Upper East Side design district, just across the street from Bloomingdale’s, in a highly-trafficked retail corridor with great access to transportation and the new Second Avenue subway line. With a focus on urban home design, it’s in great company of many like-minded retailers.”
999 Third Avenue was formerly the location of Urban Outfitters. Neighboring tenants include Clarks, Design Within Reach, Home Depot, Calligaris, CB2, Jensen-Lewis, D&D Building, Ethan Allen, Roche Bobois, Modani, Hästens, and A&D Building. City Cinemas 123, Dylan’s Candy Bar, Wells Fargo, Starbucks, Mattress Firm, Sunglass Hut, Citibank, TD Bank, GNC, Chipotle and Duane Reade are also nearby.