MTA SELECTS COLUMBUS DEVELOPMENT TO CONSTRUCT RETAIL CONCOURSE
NEW YORK CITY — In a public/private retail venture, the Metropolitan Transportation Authority (MTA) has selected Columbus Development LLC to develop and manage Shop//Stop, a retail destination on the concourse of the 59th Street-Columbus Circle subway station in New York City. Shop//Stop will occupy the 27,000-square-foot retail concourse and include up to 30 retailers ranging from food and beverage to apparel and technology accessories. Columbus Development will invest $6.5 million to improve the space, including upgraded signage, furniture and finishes, along with the installation of air conditioning throughout the concourse. The project is slated for an early 2015 completion. Susan Fine, principal with Columbus Development, is the principal developer on the project.