The shopping mall in lower Manhattan’s Brookfield Place has found a tenant to take over the shuttered Saks Fifth Avenue women’s store -- and it’s not a retailer.
Convene, a New York-based company that provides flexible meeting and working space, signed a 10-year lease for 73,000 square feet (6,800 square meters) -- most of the former Saks spot -- and plans to convert it into a venue for conferences, corporate meetings and cultural gatherings. That means about a quarter of the 300,000-square-foot mall will pivot away from retail when the new event venue debuts in November.