We noted earlier that an AT&T store and a pair of restaurants are the first retail tenants signed up for 40 Park, the luxury condo/retail project that replaced the Epstein’s department store near the Morristown Green.
What’s coming next to the street-level retail space? Leasing agent Rick Rizzuto of Cushman & Wakefield tells GlobeSt.com:
“For the remaining square footage we have interest and are in talks with a technology-focused electronics retailer, various health clubs, and are pretty far down the path with a well-known national coffee company aggressively looking to become a part of the 40 Park project . . . In addition, we are looking to bring in boutique retailer–clothing companies, book stores and the like– as well as other restaurant concepts and a high-end grocer next door at the Metropolitan [luxury apartments] to round out the tenant mix.”
According to GlobeSt.com, more than 60 percent of the penthouses at 40 Park are sold and 30 percent of The Metropolitan apartments are leased. The Highlands luxury apartments near the train station are 95 percent leased, and 95 percent of the Vail Mansion luxury condos are sold, the article says.
Rick Rizzuto told the site that million dollar condos continue to sell, and he predicted a “pretty vast” upscale shift in Morristown’s mix of residents. “Some powerful developers are investing a lot of money in Morristown, with the aim to increase the town’s wealthy population,” he told the website.
