WEDNESDAY, FEBRUARY 20, 2013
Roxy: Sutton's Place
Retail maestro Jeff Sutton has scooped up another piece of the Times Square bow tie.
Sources tell us the premier orchestrator of his own retail development deals has picked up the Roxy Deli building at 1565 Broadway.
The four-story, 21-foot wide by roughly 70-foot deep property — which is almost completely covered with valuable signage — is opposite Times Square’s iconic ruby red staircase that shelters TKTS and provides watching and waiting space for the throngs.
The trade was made at about $30 million through brokers Jack Valensi and Jacob Sinai of Valensi Realty.
Valensi declined to discuss the deal but confirmed he was paid by Sutton and not the sellers.
Sutton did not return calls or e-mails.
Friends say Sutton always pays his brokers even if he does the majority of the work, contrary
to other reports.
On the south end of this block, he also owns 1551 Broadway, where American Eagle is situated. A venture with SL Green Realty Corp. includes 1552 Broadway across the street and the adjacent 1560 Broadway, where Express is moving, as well as 1604 Broadway.