page_title: Thor Equities
section_title: Ashley Stewart
hierarchical_section_title: Thor Equities / Ashley Stewart
caption_attribution_description: English: Ashley Stewart, Roxbury Massachusetts
context_page_description: Thor Equities is a real estate development, leasing and management firm, with headquarters in New York City, London and Mexico City. Thor Equities owns property in the United States, Canada, Europe, Russia, India and Latin America, including London's historic Burlington Arcade and the Palmer House Hilton. In New York City, Thor owns retail, office and residential properties on Fifth Avenue and Madison Avenue as well as in SoHo, Flatiron, the Meatpacking District, and Brooklyn including Coney Island. Thor also has investments in major U.S. cities including San Francisco's Union Square; Georgetown in Washington, D.C.; Robertson Boulevard in West Hollywood; Collins Avenue; Lincoln Road; Wynwood and the Design District in Miami. Thor offers investment vehicles for institutional investors through its Thor Urban Property Funds. Thor Equities also has several subsidiary companies including retail advisory and tenant representation firm Thor Retail Advisors.
context_section_description: From Sitt's early realization of the retail gap that left broad swathes of inner city consumers largely underserved by major retailers, he founded Ashley Stewart (a name inspired by Laura Ashley and Martha Stewart) in 1991. Ashley Stewart sold modern and fashionable clothing to women.
  Each Ashley Stewart store hired from within the community, and the company was recognized by President Clinton for its contribution to the Welfare-to-work program. Ashley Stewart quickly grew to over 380 stores in more than 100 cities, which prompted many national retailers to follow suit and helped change the urban retail landscape. Sitt was also part owner of the Children's Place kids clothing chain as well as Marianne Stores, a retail outlet specializing in clothing for Latina women.
  As business boomed, Sitt sold his interest in 2000 to concentrate on urban real estate through his company Thor Equities.
  In 2004, Sitt was profiled by Crains New York in its annual "40 Under 40" issue, which celebrates those individuals in New York City who have achieved success in business before turning 40.
caption: Ashley Stewart in Roxbury, Massachusetts
exif: {"Image ImageDescription": "", "Image Make": "Canon", "Image Model": "Canon PowerShot SX120 IS", "Image Orientation": "Horizontal (normal)", "Image XResolution": "180", "Image YResolution": "180", "Image ResolutionUnit": "Pixels/Inch", "Image DateTime": "2011:11:20 13:55:32", "Image YCbCrPositioning": "Co-sited", "Image ExifOffset": "2306", "Image Padding": "[]", "Thumbnail Compression": "JPEG (old-style)", "Thumbnail XResolution": "180", "Thumbnail YResolution": "180", "Thumbnail ResolutionUnit": "Pixels/Inch", "Thumbnail JPEGInterchangeFormat": "7576", "Thumbnail JPEGInterchangeFormatLength": "4963", "EXIF ExposureTime": "1/400", "EXIF FNumber": "4", "EXIF ISOSpeedRatings": "80", "EXIF ExifVersion": "0221", "EXIF DateTimeOriginal": "2011:11:20 13:55:32", "EXIF DateTimeDigitized": "2011:11:20 13:55:32", "EXIF ComponentsConfiguration": "YCbCr", "EXIF CompressedBitsPerPixel": "3", "EXIF ShutterSpeedValue": "277/32", "EXIF ApertureValue": "4", "EXIF ExposureBiasValue": "0", "EXIF MaxApertureValue": "95/32", "EXIF MeteringMode": "Pattern", "EXIF Flash": "Flash did not fire, compulsory flash mode", "EXIF FocalLength": "6", "EXIF FlashPixVersion": "0100", "EXIF ColorSpace": "sRGB", "EXIF ExifImageWidth": "2816", "EXIF ExifImageLength": "2112", "Interoperability InteroperabilityVersion": "[48, 49, 48, 48]", "Interoperability RelatedImageWidth": "2816", "Interoperability RelatedImageLength": "2112", "EXIF InteroperabilityOffset": "7414", "EXIF FocalPlaneXResolution": "1408000/113", "EXIF FocalPlaneYResolution": "211200/17", "EXIF FocalPlaneResolutionUnit": "2", "EXIF SensingMethod": "One-chip color area", "EXIF FileSource": "Digital Camera", "EXIF CustomRendered": "Normal", "EXIF ExposureMode": "Auto Exposure", "EXIF WhiteBalance": "Auto", "EXIF DigitalZoomRatio": "1", "EXIF SceneCaptureType": "Landscape", "EXIF Padding": "[]", "EXIF OffsetSchema": "4150"}