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Retailers promise masses a year of lux' for less.


You don't have to be Robin Leach to know that everyone wants to live out the "lifestyles of the rich and famous" these days. In our celebrity obsessed ob·sess  
v. ob·sessed, ob·sess·ing, ob·sess·es

v.tr.
To preoccupy the mind of excessively.

v.intr.
 society, where people from all economic backgrounds want a piece of the "bling bling Noun 1. bling bling - flashy, ostentatious jewelry; "the rapper was loaded with bling"
bling

jewellery, jewelry - an adornment (as a bracelet or ring or necklace) made of precious metals and set with gems (or imitation gems)
," the luxury retail sector has positively exploded.

Luxury for the masses has become a reality and what was once reserved for the elite is now common. Take for instance, the world's rarest gem--the pink diamond. It's now available at a Walmart near you. Accessible luxury has allowed all of us to capture the lifestyle through trinkets, watches, handbags and cars, but without having to pay the astronomical prices that ordinarily go along with it.

Going hand in hand with this trend is the return of the department store. These retailers, which sell mass market products, led the gains in retail sales last month. Quite surprisingly, JC Penney's went head-to-head with Nordstrom. The aforementioned Walmart also came back very strong, with excellent sales on its deeply discounted merchandise despite soaring gas prices. Neiman Marcus Neiman Marcus

U.S. department-store chain. It was founded in Dallas, Texas, in 1907 by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband, A.L. Neiman.
, the dream department store, also held its own. The darlings of discount--Tar-jay, also known as Target, and Federated Connected and treated as one. See federated database and federated directories. , home of Macy's--also reported robust sales. While April got off to a somewhat sluggish start, shoppers came out to the stores for Easter and just kept on shopping, ending the month on a high note and giving analysts a one-two punch one-two punch
n.
1. A combination of two blows delivered in rapid succession in boxing, especially a left lead followed by a right cross.

2. Informal An especially forceful or effective combination or sequence of two things.
. The optimistic reports of robust retail sales will ensure a blissful summer for all of us in the commercial real estate world. In fact, a 4.8 percent increase is anticipated over 2004's sales numbers.

We can also expect an exciting line-up of new retailers in Manhattan this summer. Here's a sneak peek:

On fabulous Fifth Avenue: Electronics giant Best Buy will bring big box to Fifth Avenue when it debuts on the southeast corner of 44th, replacing the old Today's Man store.

On the Golden Mile. Apparel group Magaschoni is making its way over to 36 East 60th, between Park and Madison. m0851, a cutting-edge architectural inspired clothier, has "designs" on occupying the former Melanie de France store at 748 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , next door to Buccellati's temporary boutique on the corner.

Marvelous Midtown: Just in time for the June retail update is news that Joon 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
, the fine pen retailer, is opening a new flagship store at 795 Lexington Avenue.

Over in Rockefeller Center Rockefeller Center, complex of buildings in central Manhattan, New York City, between 48th and 51st streets and Fifth Ave. and the Ave. of the Americas (Sixth Ave.). The project was sponsored by John D. Rockefeller, Jr. ." Kuhlman Company, Anglo-American designers of sumptuous menswear, will occupy a concourse retail space in Rock Center. Nine West will wedge itself in at 1258 Sixth Avenue and Nintendo will keep children and the young at heart up to date on electronics when it debuts in the former Pokemon Center at 10 Rockefeller Plaza.

On the Lower East Side. Fashion buffs delight--Foley & Corinna, which sells a mix of vintage clothing Vintage clothing is a term for garments hailing from another era. Generally speaking, clothing older than 25 years is considered to be vintage, though opinions vary on this definition.  and original designs by Dana Foley and other coveted cov·et  
v. cov·et·ed, cov·et·ing, cov·ets

v.tr.
1. To feel blameworthy desire for (that which is another's). See Synonyms at envy.

2. To wish for longingly. See Synonyms at desire.
 labels, will take up residence at 114 Stanton Street Stanton Street is a West-to-East running street in the New York City borough of Manhattan, in the neighborhood of the Lower East Side. It begins at Bowery, one block south of Houston Street at the corner of the infamous Sunshine Motel. .

The Upper West Side: Fans of Melia Mills will know it's "worth the wade" to head to 220 Columbus Avenue, at 70th Street, when the swimwear retailer brings her beautiful designs to a new boutique uptown.

In Charming Chelsea. Antiques dealer Mantiques will be treasured at its new 146 West 22nd Street location, while Antonio Prieto Antonio Prieto was a Chile born actor who devolped most of his acting career in Argentina and Spain. His most well-known role was Don Miguel Rojo the eldest of the three bandit Rojo brothers in Sergio Leone's A Fistful of Dollars. , the look good, feel good salon-to-the-stars will add style and sass to Chelsea when it opens at 127 West 20th.

In Soho: The stupendous stu·pen·dous  
adj.
1. Of astounding force, volume, degree, or excellence; marvelous.

2. Amazingly large or great; huge. See Synonyms at enormous.
 neighborhood continues to be a hotbed hotbed, low, glass-covered frame structure for starting tender plants. It differs from a cold frame only in that the soil is heated—either artificially as by underground electric wiring or steampipes, or naturally with partially fermented stable manure, which  for retail activity. Among the new tenants on the way are Via Bus Stop, Tokyo-based clothing by international designers, which will open at 172 Mercer, and high-end custom denim retailer An Earnest Cut & Sew, at 821 Washington Street The following streets in the United States are called Washington Street:
  • Washington Street (Alexandria), in Alexandria, Virginia
  • Washington Street (Baltimore), in Baltimore, Maryland, running near Johns Hopkins Hospital
. Buckler's, a store full of British men's gear will bring its English flair to 13 Gansevoort Street. Luxury leather goods giant Longehamp will open at 132 Spring, while just down the block, at 122-124 Spring, menswear retailer John Varatos will cater to the neighborhoods stylish gents. Also new to the area will be Mastic Spa, who will sell its luxurious line of Greek spa products derived from the mastica plant. Mastic will emerge at 438 West Broadway, at Prince Street, alongside luxury brand neighbors Coach, French Connection and Origins.

Green River Stone Company wilt bring a piece of the west east when it sell fossils from Wyoming's Rocky Mountains, to be used in murals, tiles, counters, tabletops and more, at 51 Wooster Street. A Diesel Kids is also scheduled to appear soon at 416 West Broadway. Vermont-based snowboarding label Burton will enter the scene, opening at 106 Spring Street. Appealing to a similar crowd will be DC Shoe Co., at 109-111 Spring, with its flagship store full of snow and skate apparel and accessories. Tying into the trend of lots of cheap chic and fast fashion is Spain-based chain Mango, which is rumored to be opening at 578 Broadway in the near future.

In Nolita: Feminine women's wear by designer Rebecca Romero will be on display at Maverick Boutique, at 262 Mott Street.

In the West Village: A store so beautiful it would have to be run by a model will pretty up the neighborhood when Butik, a Danish-inspired shop owned by Helena Christensen, debuts at 605 Hudson Street. A variety of chic items, including antiques, modern and vintage clothing, candles, lamps, flowers and even Danish chocolates will fill the West Village store.

In the Financial District: Look for big box mania to hit the business center of the city. Home Depot is said to be seriously scouting a location at 26 Broadway, as well as another on the Upper West Side. Daffy's is also now downtown, at 50 Broadway.

Big boxes, department stores and lots of fabulous new places to grab the luxury look for less. Whether you're a fashionista or just want to look like one, there will be plenty of new stores to suit your needs.

As Robin would say, "Champagne wishes and caviar dreams!"

FAITH HOPE CONSOLO, CHAIRMAN, RETAIL LEASING AND SALES DIVISION PRUDENTIAL DOUGLAS ELLIMAN
COPYRIGHT 2005 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Retail Sales & Leasing
Author:Elliman, Douglas
Publication:Real Estate Weekly
Geographic Code:1USA
Date:May 18, 2005
Words:1001
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