A joint venture of The Prusik Group, BRP Companies, L+M Development Partners, Goldman Sachs Urban Investment Group and Taconic Partners that Sephora and Pandora have signed leases for their first locations in Upper Manhattan at 121 West 125th St.
Sephora signed a lease for its new location on the ground floor, expected to open in winter of 2023. Pandora signed a 2,000-square-foot lease, also on the ground floor, which will feature a jewelry showroom and is expected to open in winter of 2023.
“We are thrilled to continue to add exciting new tenants to 121 W 125th,” said S. Andrew Katz, co-founder and principal of The Prusik Group. “Sephora and Pandora will offer high-end retail shopping experiences for the surrounding bustling community, further cementing the building and neighborhood as a retail destination.”
Ginny Pittarelli and Christine Jorge of Crown Retail Services brokered the deal for Sephora, while Bob Gibson and Davie Berke of JLL brokered the deal for Pandora.
Sephora and Pandora will join Trader Joe’s and Target as anchor tenants in the building. In August, Target will move into its 44,000-square-foot space, while Trader Joe’s will move in in August and occupy 28,000 square feet.
Designed by Beyer Blinder Belle, 121 West 125th St. is transforming a block-through site into a mixed-use complex featuring office, retail, residential and cultural spaces. The building includes 85,000 square feet of class-A office space and an 11-story residential tower with 170 apartments. It is slated for a summer 2023 completion.
