Brookfield Opening Marks Downtown Revival

NEW YORK — With its soaring glass facade flanked by two 55-foot cantilevered structural steel baskets and a 45,000-square-foot glass domed pavilion, Brookfield Place is a symbol of lower Manhattan’s resurgence. About $30 billion has been pumped into lower Manhattan, the bulk of it centered on retail and public transportation. Brookfield Place is one of three massive downtown retail projects — and the first one out of the gate, with a grand opening today. Westfield World Trade Center and the Seaport District are in various stages of development. Brookfield Place has positioned itself since the beginning as a destination for luxury brands, attracting Saks Fifth Avenue, Hermès, Burberry, Ferragamo, Ermenegildo Zegna and now, according to sources, Gucci has signed a lease to open a store in the luxury wing. A $250 million redevelopment of Brookfield Place has more than doubled the retail space to 375,000 square feet from 167,000 square feet, upgraded common areas with elevated materials and improved the traffic flow. At Brookfield’s grand opening, about two dozen stores are rolling out the welcome mat, including Michael Kors, J. Crew, Bonobos, Diane von Furstenberg, Tory Burch, Omega, Theory, Paul Smith, Vince, Judith & Charles, Cos Bar and Satya. Most are located in the two-level

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