Jun 11, 2026
Related, ADIA and Mack Are Shopping the Shops at Columbus Circle for $450M
The Shops at Columbus Circle, one of Manhattan’s most prominent retail destinations, has been listed for sale or recapitalization at an asking price of approximately $450 million. Anchored by top-performing tenants inclu…
Traded Editorial
- Related Companies, ADIA, and Mack Real Estate are marketing the Shops at Columbus Circle — 351,246 SF of trophy Manhattan retail — for sale or recapitalization.
- Asking price for an outright sale: ~$450M, or roughly $1,281 per square foot.
- The mall anchors the base of Deutsche Bank Center at 10 Columbus Circle, with Central Park frontage, five subway lines, and tenants including two Michelin three-star restaurants, Equinox, Whole Foods, and a freshly upgraded apparel roster.
- Newmark's Adam Spies, Doug Harmon, Josh King, Marcella Fasulo, Avery Silverstein, and Ben Lushing are running the process; bids due within 45 days.
One of Manhattan's Most Recognizable Retail Assets Is on the Block
Related Companies, the Abu Dhabi Investment Authority, and Mack Real Estate are marketing the Shops at Columbus Circle for roughly $450 million, or about $1,281 per square foot, according to sources. The ownership group is open to either a full sale or bringing in a new equity partner, with strong retail leasing momentum cited as the driver.
The asset is 351,246 square feet across four retail floors and two below-ground concourse levels at 10 Columbus Circle, at the intersection of Broadway, Central Park West, Eighth Avenue, and Central Park South. It sits at the base of Deutsche Bank Center, the 55-story twin-tower complex designed by David Childs of Skidmore, Owings, and Merrill that Related developed on the site of the former New York Coliseum, opened in 2004 at a total cost of $1.8 billion. The mall itself was designed by Elkus Manfredi Architects and curves to follow the arc of Columbus Circle.
Newmark's Adam Spies, Doug Harmon, Josh King, Marcella Fasulo, Avery Silverstein, and Ben Lushing hold the assignment. Bids are due within 45 days.
A Full-Floor Tenant Mix That's Hard to Replicate
The Shops at Columbus Circle runs four floors of retail, anchored below ground by Whole Foods, the top-grossing Whole Foods location in the United States at 57,957 square feet alongside an Equinox flagship. The main and upper floors carry H&M, Williams Sonoma, Aritzia, J.Crew, and Madewell, with the restaurant collection on the upper floors serving as its own destination: Per Se (Thomas Keller, three Michelin stars), Masa (Masa Takayama, three Michelin stars), Bad Roman, Momofuku, and We All Gotta Eat.
The tenant roster has been actively refreshed heading into the sale. Aritzia signed a 16,000-square-foot lease in April 2026, replacing Hugo Boss. Madewell took 6,000 square feet in February. Two new leases signed in the first half of the year signal that ownership was investing in the asset before bringing it to market.
Location That Cannot Be Manufactured
What separates the Shops at Columbus Circle from other urban retail assets is the convergence of foot traffic sources that no other New York shopping center can match. Central Park draws tens of millions of visitors annually to its southwest corner. Five subway lines, the 1, A, B, C, and D trains, connect directly to the building at the 59th Street-Columbus Circle station. The surrounding neighborhood pulls from office workers, hotel guests at the Mandarin Oriental above, Upper West Side residents, and a steady stream of tourists. That combination underpins the Whole Foods volume and the restaurants' ability to charge what they charge.
What's Next
The 45-day bid deadline puts a decision before ownership by late July 2026. Whether the result is a sale near $450 million or a recapitalization with a new equity partner, the process is one of the higher-profile retail investment events in New York this year. Assets of this scale, at this address, with this tenant mix, rarely come to market.