Advanced Search

Gulaylar Group Secures 80% Occupancy of Gem Tower Mall

Jul 24, 2013 3:57 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... The Gulaylar Group  secured tenants for 80 percent of its high-end mall at the International Gem Tower in Manhattan. The 16,000-square-foot Jewelry Shopping Mall, located on the first three floors of  Extell Development's Gem Tower, includes 80 linear feet fronting West 47th Street between Fifth and Sixth Avenues.

"We've been in the Diamond District for 15 years, and one of its drawbacks has historically been that the surroundings don't visually convey the quality of the merchandise available here," said Mehmet Gulay, the vice president of the Gulaylar Group. "It's a matter of image. Our mall addresses that, providing the tasteful luxury, comfort and security that clients demand when making an investment of this size and nature.

"We are creating a shopper's paradise, where fine-jewelry customers can find whatever they want under one roof, while enjoying the confidence that comes from dealing with the most qualified and trustworthy merchants in luxurious, secure surroundings," Gulay said.

The Gulaylar Group is based in Istanbul and it acquired the retail space in March. It expects to open  the mall in the first quarter of 2014.

Tags: Diamond District, gem tower, Jeff Miller, jewelry mall, manhattan, Real Estate
Similar Articles
De Beers Okavango Delta National GeographicDe Beers to Launch New Origin Program
Aug 26, 2021
De Beers is introducing a new program called “Code of Origin” that enables retail jewelers to sell the miner’s
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.