First Look at Another Mixed-Use Building Coming to the Old Site of J&R Music

Rendering of retail podium of 1 Park Row (via Winick Realty)

Tuesday, Dec 12, 2017 By CityRealty Staff, CityRealty contributor

Here’s a sneak peek at a planned retail and residential building set for the prow-like corner of Park Row and Ann Street in the Financial District. Addressed as 1 Park Row, the new building is to contain 3 floors of retail and an unknown number of residential floors above. Building permits were filed for the commercial podium last month by Guardian Realty with Fogarty Finger Architects as the applicants of record. Fogarty Finger is also handling the conversion of several floors of the adjacent Park Row Building at 15 Park Row.

The spiffy images are part of a retail marketing brochure from the leasing brokerage Winick Realty. The future triangular-shaped building will have 13,590 square feet of retail space across four levels and is located across from a recently opened Zara. As we previously noted, 1 Park Row is part of a 350-foot-long string of retail offerings that includes the Park Row Building and a 50-story condo under construction at 25 Park Row. Previously, the lower floors of these buildings were occupied by J&R Music and Computer World, who reportedly retain a stake in the multi-building overhaul.

Sited across from City Hall Park and near the WTC and Fulton Transit Center, the marketers boast that the location has unparalleled visibility and exceptional foot traffic from tourists, residents, and office workers. However, the wide and heavily trafficked artery that leads to the Brooklyn Bridge isn’t the easiest for pedestrians to cross. The DOT recently released plans to narrow the gulf of asphalt between the sidewalks, making it safer for pedestrians.

It is unknown when the residential floors will be constructed, but if imminent, there will be plenty of competition in the immediate area. At the opposite end of the block, Urban Muse is building condos at 1 Beekman Street, there’s the aforementioned 25 Park Row and also the remaining units at the Beekman Residences just northeast of the site.