Retail on the move in 2002.
Well, of course that is not the way it went. True, things have been a little bumpy on occasion, but here it is spring and we're getting through all right. New York retail leasing is bouyant and the rest of the year will probably continue to be good. Below is just a partial list of the excitement that's been happening all over town, since the beginning of the year:
On Fifth Avenue: Chicissmo is taking the former Geoffrey Beene spot in the Sherry Netherland Hotel, Fifth Avenue and 59th Street. Louis Vuitton is building their flagship at 1 East 57th St., northeast corner of Fifth. Asprey is expanding in Trump Tower on the Northeast corner of 56th Street. Reem Acra, will have her flagship at 60th Street and Fifth, in the same building as Nicole Fahri. Club Monaco has sold its lease at 699 Fifth Ave. to Boucheron. Liz Claiborne is renovating its flagship at 650 Fifth Ave. and Aldo also has a new store on Fifth Avenue, in the Flatiron District. Coach is replacing the former Cosmetics Plus at 15th Street on Fifth.
On Madison Avenue, Clearly First has opened on 980 Madison Ave., between 76th and 77th Streets. Ralph Lauren Home will be on the northeast corner of 71st Street next fall. Gucci will be taking space at the Westbury, between 70th and 69th Streets, edging out James Purdey & Sons, Lancel, Sulka, and Mont Blanc. Cartier and Chloe will remain. A new Searle has opened at 805 Madison, between 67th and 68th Streets. Between Mary Quant and Crabtree & Evelyn, one will find Eredi Pisano at. 520. Itoen Kai, the Tokyo tea shop has opened on Madison & 69th Street, replacing the Right Bank Restaurant, next to the original MacKenzie Childs. Ann Taylor's first store in three years will be on Madison, in the Grand Central area, on the Southwest corner of 43rd Street. Dolce & Gabbana have finished expanding and renovating at 601, between 57th and 58th. This will be their largest shop in the US., a five-floor emporium.
Akris has taken over the Sergio Rossi spot, between 69th and 70th Streets. Also, between 69th and 70th Streets, across from the Westbury, Miu Miu is replacing Genny. Leggiadro is moving from 700 Madison Ave., between 63rd and 62nd Streets to 680, the Carlton House, taking over a larger space that had belonged to Aaron Basha, who is expanding their shop location within the Carlton House. Fogal has moved from the Carlton House to 988 Madison, corner of 77th Street. Mallet of London is opening its first shop in this country at 929 Madison, 74th Street, early 2003. A division of Gucci is taking over the Ice Berg space, 720 Madison, for the first Balenciaga shop in the U. S. However, Sergio Rossi also has designs on that space the Rossi sign is up. Vanessa Noel has moved from Madison and 66th to 64th and Lexington. At 64th and Madison, Technomarine is talking over the Breitling space. Barneys on Madison and 61st has opened their entire lower level to Beauty. It's called The Foundation. Pierre Deux will relocate f rom 870 Madison at 71" to the old Episode store, 625, between 58th and 59th Streets.
On East 57th Street, Jil Sander is next store to the new Burberry flagship on 57th Street. In the Four Seasons Hotel, Brioni for women will replace Dana Buchman, joining the long-standing Brioni for men on the other side of the hotel Shiseido has taken space on East 57th Street, next to the Greenhouse. On Park Avenue, Links of London has opened its second New York store at 200 Park.
At 50 Central Park South, the new Ritz Carlton, La Prairie will launch its first spa in this country, on the second floor.
On Third Avenue, Searle is expanding their fabulous new store on Third Avenue, 1296 - 1300, between 74th and 75th Streets. Galo shoes will be next store. Across the Avenue, Jacadi will have a new store, soon. L'Occitane will have a new shop this month on Third, between 69th and 70th.
In Soho, Tag Heuer just opened on West Broadway Prada has finally opened at Broadway and Prince. Anne Klein has its first flagship at 417 West Broadway, replacing Rene Lazard. Puma has opened at 521 Broadway. Anton and Tardini, are sharing a huge space on Wooster. Colico is now on Mott. At 29 Ninth Ave., Jean-Georges Vongerichten will have the restaurant, Spice Market sometime this year. Over it, London's most exclusive club will open its first state side hotel -- Soho House, New York. Vitra will also lease space in the same building for a store and a showroom. Rice to Riches is now at 34 Spring St. Marni is on Mercer Street. In the fall, Crate & Barrel will be at 611 Broadway. Barneys now has a Coop store for women only at 116 Wooster, taking over the Prada Sport location. Bloomingdale's plans to open a store in Soho, ( we'll see) 504 Broadway, present location of Canal Jeans. On Broome Street, between Crosby and Lafayette, 406, Calypso Homme. Nilaya is taking over the Transit space, 132 Spring. John Hardy will be taking three floors on Mercer. Anya Hindmarch will be in the Joseph spot at 115 Greene Street, next to Face Stockholm. La Perla is opening on Greene as well, in August.
Aerosoles opened its ninth location in Manhattan, on West 34th Street. On Columbus Avenue, Bang & Olufsen is keeping its promise of over a year and has opened, 334, between 75th and 76th Streets. Down in Chelsea, Buy Buy Baby plans to open its first store in New York, at 26th Street and Seventh Avenue. In the Meatpacking District, Alexander McQueen's new women's and custom men's store will open in July.
In Nolita, Maribel Leiberman and her husband, Jacques, have opened Maribelle's Fine Treats and Chocolates at 484 Broome St. Edmundo Castillo has opened his first retail shop at 219 Mott. Way downtown, there's a new Ann Taylor Loft at 2 Broadway and Beaver Street. Nine West will be right next store, come June. Tiffany & Co. will soon open in East Hampton.
What you will have to pay...
* Madison Avenue: $600 to $700
* Fifth Avenue: $750 to $1,000
* Soho: $250 to $350
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|Author:||Consolo, Faith Hope|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||May 29, 2002|
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