Acadia Realty Trust has acquired two connected mixed-use properties on Greene Street in SoHo for $60 million. The purchase extends the REIT’s existing presence in one of Manhattan’s most competitive retail corridors and provides another example of institutional capital continuing to target core New York real estate.

Manhattan’s retail market continued to recover during the first half of 2026, with leasing demand expanding beyond the borough’s best-known shopping corridors. According to the Real Estate Board of New York’s H1 2026 Manhattan Retail Report, average asking rents increased in 8 of the 16 retail corridors tracked, while the number of available storefronts continued to decline in many of the most competitive locations. Demand remains especially strong in SoHo, Madison Avenue, Lo