Cashmere brand Falconeri moves to SoHo
Italian brand Falconeri has signed a seven-year lease at 101 Prince Street for $600 per foot, according to CO. The Soho space is located between Green and Mercer Streets.
Worth Noting: The retail space spans around 1,850 square feet on the ground level, plus 1,000 SF of non-selling space in the basement.
Heard on the Street: JLL’s Michael Hirschfeld: “The deal is a good indication of market right now… It’s certainly a significant drop-off in the market in terms of rents from their peak.”