NGKF Teams Up With Lam Group for NoMad Retail Space
Lam Group recently announced plans to bring commercial real estate service firm NGKF onboard for the development of NGKF’s new retail space in the NoMad District. The 400,000 square-foot multi-use space on Broadway will occupy a full block between 29th and 30th Streets. NGKF will be responsible for finding retailers and a restaurateur that can rival some of the competitors in NoMad’s already bustling hospitality industry.
The project breaks ground this winter and hopes to become one of the NoMad neighborhood’s iconic buildings. The property features 100,000 square-feet of retail space complete with an expansive terrace, glass facade and sits below a new 300,000 square-foot Virgin hotel.
Mitchell Friedel, executive vice president at NGKF’s retail division, said of the project, “Not only will tenants benefit from the organic growth of the neighborhood, but this project will spearhead the NoMad Broadway corridor as the next boutique retail corridor in Manhattan… For many retailers, this is the ‘it’ neighborhood in New York City, with its vibrant nightlife, boutique hotels and chef-driven restaurants. It’s an ideal location.”