Update: A reader, John Ferrari, principal of Babson Real Estate Advisors, wrote to correct us about the incorrect figure for what he called the store’s gross leasable area in our original story. Linking to the building owner’s website showed the figure as 161,570 square feet. We regret the error.
NYU Langone is reportedly moving into the old Lord & Taylor space on Northern Boulevard in Manhasset.
According to a spokesperson for the Town of North Hempstead, “An application was submitted for the proposed conversion of an existing commercial retail building to an ambulatory care center with associated site improvements to be operated by NYU Langone Health. It has been reviewed, and an omission letter has been issued. A response to the omission letter was made, and a review will be forthcoming.”
Calls and emails to NYU Langone spokespeople seeking information were not returned.
The high-end retailer declared bankruptcy in August 2020, shuttering four stores on Long Island. The Manhasset location became, for a short period from 2021 into 2022, SaksWorks, a co-working space parent company Hudson’s Bay created in collaboration with WeWork.
Those who used it praised the concept. Robbie Donno of the Manhasset Rotary Club and Chamber of Commerce related to the Manhasset Press that he had conducted his waste management and Gift of Life Foundation businesses there. A daily membership cost $49 and came with a number of benefits. His wife, Plandome Manor Mayor Barbara Donno, joked that she was thankful for SaksWorks for getting her husband out of the house.
SaksWorks General Manager James Cirillo had been a guest of the chamber at its January installation luncheon and outlined some of the community efforts Saksworks planned.
But all that came to an end sometime in the spring. Cirillo did not return calls seeking comment.
SaksWorks joined forces with Convene this year. Emails to Convene seeking comment were not returned. According to its website, the company operates 13 shared office buildings in New York City.
A spokesperson for Hudson’s Bay said in an emailed statement, “We are exploring all opportunities for repurposing Lord and Taylor sites across our portfolio and look forward to making announcements as things develop.”
The Nassau County property assessment site lists two sales of the property, one in 2006 for $20.133 million, a second—marked “between companies”—for $71,588 in 2015.
The department store, opened in 1941, underwent extensive renovations and an expansion by Highland Associates beginning in 2016 and reopened in December 2018. It increased the size of the original footprint to 161,750 square feet. Read stories here and here.
According to property records, the store occupies a lot of 2.6 acres and its fair market value dropped from $34.464 million in 2021 to $28.868 million in 2022. Its 2022-23 school tax bill is $336,449, down from $508,286 in 2021-22. It paid $228,100 in Nassau County taxes in 2022 while Town of North Hempstead and its special district taxes totaled $510,778 in 2022.
