Zara Parent Company Inditex Is Taking Over Soho
The NY Post announced December 16th that Zara’s parent company Inditex purchased 490 Broadway (my old Corcoran office building) for $145M.
The NY Post also wrote about three other purchases Inditex made recently:
- 106 Spring for $145 million (currently the Burton flagship)
- 113 Spring for $70 million (currently the Frye flagship)
- 131 Spring for $277 million (currently the Burberry flagship)
However, the NY Post forgot to mention that Inditex also purchased the retail condo at 503 Broadway in January 2015 for $280 million.
That is $917 million in deals this year, close to $1 billion!