Another tower, 38 Sixth Avenue at Dean Street, will open in 2017 with about 300 apartments. And the restaurant Olmsted, at 659 Vanderbilt Avenue, opened in May, replacing another restaurant. Most of the residential buildings will include some retail space, too, adding new space for smaller shops on Vanderbilt Avenue and Dean Street. A decade ago, asking rents on Vanderbilt Avenue were $60 a square foot. Vanderbilt Wine Merchants opened at 573 Vanderbilt Avenue in May, at a time when the store looked out at a construction barrier.

Source: New York Times August 30, 2016 15:32 UTC