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Brookfield Place replaces shuttered Saks with a non-retail tenant

The changing makeup of malls is reflected in the new tenant that has big plans for Brookfield Place in downtown Manhattan.

Brookfield Properties, in partnership with Convene, a fast-growing company that provides flexible meeting, event and work spaces, will open a 73,000-sq.-ft. multi-use location at Brookfield Place in the space that was occupied by the now-closed Saks Fifth Avenue store. Convene will build and operate the venue, which will have two large spaces with seating for up to 500 people each, along with several other smaller rooms. The new venue, expected to open in November, will also include a café.

“Brookfield Place is a destination of choice for commercial tenants and visitors thanks to its high-end design, grand public spaces, unparalleled amenities and year-round arts programming,” said Ben Brown, executive VP, Brookfield Property Group. “We recognized that sophisticated event and flex meeting space was a component that would enhance the Brookfield Place experience for office tenants and visitors alike. Convene’s unique plans for this space, coupled with its exceptional hospitality services, will be a game-changer for Brookfield Place on all fronts.”

The Convene space at Brookfield Place will be Convene’s sixth location within Brookfield’s portfolio, and 30th location nationally.
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