Garrick-Aug leasing team wins 700 5th Ave. agency.The leasing team of Faith Hope Consolo and Joseph Aquino has been appointed exclusive agent for yet another retail space on Fifth Avenue: 700 Fifth Avenue on the west side of the Avenue, between 54th and 55th Streets. Presently Tundra, there are approximately 954 square feet on the ground level and approximately 1,050 square feet on the basement level. The frontage is 20 feet. "First of all", says Ms. Consolo, Vice Chairman of Garrick-Aug, "this stretch of Fifth Avenue, between Bergdorf Goodman Bergdorf Goodman is a major, world-renowned luxury goods department store based in Midtown, Manhattan in New York City. It is owned by Neiman Marcus. History Beginnings and Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New , has more pedestrian traffic than any other promenade in the entire world, bar none. Five years ago, there were those who said that Fifth Avenue was over, a mere ghost of its former glory. Since then, we have watched this area become possibly more glamorous than ever before. It absolutely dazzles." "For the retail tenant seeking a Fifth Avenue address and all that the words 'Fifth Avenue' imply," Mr. Aquino, Managing Director, goes on, "700 is perfection; the dream deal. The retail space is in the Peninsula Hotel building and the ever- elegant St. Regis Hotel is close by. The list of neighboring retailers is splendid: Henri Bendel Henri Bendel is an upscale women's specialty store, established in New York City in 1896. It carries women's apparel, fashion accessories, lingerie and loungewear, cosmetics and fragrances, gifts, and gourmet foods. , Takashimaya, Faconnable, Cartier, Harry Winston Harry Winston (March 1, 1896 – December 8, 1978) was an American jeweller. He donated the Hope Diamond to the Smithsonian Institution in 1958 after owning it for a decade. , Wempe, the Escada flagship, Hugo Boss, Club Monaco Club Monaco is an upscale clothing retailer with more than 65 stores in North America. Canada, Hong Kong, Taiwan, Seoul, the United Arab Emirates and the United States. Club Monaco plans to open stores in the United Kingdom and expand to Philadelphia, and Manila. ... Just across the way, on the northeast corner of 57th and Fifth, Bugs Bunny has moved out and the headquarters for Louis Vuitton The Louis Vuitton Company (more commonly known simply as Louis Vuitton) is a luxury French fashion and leather goods brand and company, headquartered in Paris, France. It is a division of the French holding company, LVMH Louis Vuitton Moët Hennessy S.A. will be moving in. That intersection has always been known as the corner of the four jewels. Tiffany, Bulgari, and Van Cleef Van Cleef is a Dutch surname and may refer to:
Ms. Consolo concludes, "700 Fifth Avenue is the Avenue at its best. Fifth Avenue today not only dazzles, it sparkles with an energy all its own. Founded a quarter-century ago, Manhattan-based Garrick-Aug Associates is the nation's largest brokerage specializing exclusively in retail leasing today. Operating throughout the U.S. and abroad, the company has been instrumental in brokering many of the most trend-setting retail leases in the metropolitan New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area. There may be four jewels on 57th Street, but 700 Fifth is a gem unto itself. Ms. Consolo started the Garrick-Aug Worldwide division in 1987. Headquartered in Paris, Garrick-Aug Worldwide works with prominent international retailers in identifying and securing the best locations for their U.S. stores and retail operations. Garrick-Aug's Faith Hope Consolo is now on the Internet with her popular retail column, "The Faith Report," with listings and color photographs of storefronts and recent news articles about the retail market. Her home page is www.faith-consolo.com |
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