The Faith Report

N E W YO R K R E TA I L L E A S I N G ACT I V I T Y
The Faith Report
SUMMER 07
Faith Hope Consolo
FALL 2006
HERE COMES
SUMMER
LUXE IS LEADING THE WAY
photography by evanjoseph.com
AFTER ENJOYING STRONG SPRING RETAIL
GAINS, THE RISING TEMPERATURES
ARE BUILDING EVEN MORE MOMENTUM
FOR SHOPPING FROM THE CITY TO THE
SHORE. WONDERFUL NEW BOUTIQUES ARE
OPENING ALONG THE SUNNY SIDEWALKS OF
MANHATTAN AND IN THE SUMMERY OASIS OF
THE HAMPTONS. JOIN ME ON A TOUR OF WHAT
IS NEW AND EXCITING THIS SEASON.
On Madison Avenue, Tom Ford’s sprawling space has at long last been unveiled in regal style at 845 Madison Avenue. Manrico Cashmere is poised
for arrival at the corner of 73rd Street. Allegra Hicks has a boutique at 1007
Madison, next to Missoni. Edith Weber Jewelers is expanding to The Carlyle,
taking the former KC Thompson space at 987. Next door, Sigerson Morrison
will delight at 985 Madison Avenue. Wolford relocated across the street from
996 Madison to number 999. Asprey is
now open at the beautiful 857 Madison.
In Times Square, Japanese clothing and interior
Tiffany & Co. is circling 708 Madison
design firm Muji will open in the home of The New
Avenue at the corner of 63rd Street.
York Times, on Eighth Avenue.
French designer Louis Feraud has
taken a bow at 717 Madison Avenue.
On the Upper West Side, trendy clothier Reiss of
Jimmy Choo has temporary digs
London revitalizes 199 Columbus Avenue at 69th
at 675 Madison Avenue while its
Street and contemporary favorite Club Monaco
boutique is renovated. Graff gem
graces 215 Columbus Avenue. Brooks Brothers
emporium moves to 710 Madison
has leased the corner of 65th Street across from
Avenue and Bulgari is expanding
Lincoln Center. Celebrity chocolatier Jacques
to four levels at 783 Madison.
Torres will delight at 285 Amsterdam Avenue.
Couture salon Yuta Powell, of
Givenchy and Herrera fame,
On the Upper East Side, British shoe shop Clarks
opened at 64th Street. Lon-
comes to 993 Third Avenue, across from Bloom-
don’s J. Press, New England
ingdale’s, which is welcoming a new Lancôme
Ivy League retailer, has
shop. Ankasa home décor from India is now at
debuted at 380 Madison
Lexington and 65th Street.
Avenue.
In Flatiron, outdoor specialists North Face will
On Fifth Avenue, Takashimaya is unveiling a beauty concept called “Becom-
have an outpost in the famous corner Flatiron
ing,” at number 693. Inside the shopper’s paradise that is Saks Fifth Avenue,
Building.
the newly designed eighth floor will be devoted to a colossal shoe department that has been assigned its own zip code by the Post Office, “10022-
In the West Village, the Downtown design empire
Shoe.” Ermenegildo Zegna will also showcase a new store-within-store
continues to flourish with lauded South American
concept at Saks. Global footwear and leather goods leader Aldo is mo-
designer Miguelina at 347 Bleecker Street. Jona-
ments from opening down the Avenue at 49th Street. Giorgio Armani
than Adler opens a third Manhattan boutique at
will create an uber-luxury emporium at 717 Fifth Avenue in 2008, after
37 Greenwich Avenue. James Perse Men has re-
Hugo Boss closes its doors. Rockefeller Center is at long last debut-
opened a renovated shop at 361 Bleecker Street.
ing Italian accessories store Giorgio Fedon 1919, at 49th Street. On
Lower Fifth, at the base of the Empire State Building, Bebe plans to
In Soho, sumptuous skincare specialists Space
showcase its fashionable frocks.
NK will open a fl agship at 99 Greene Street, and
76 Greene welcomes Alice Roi. B & B Italia is
On East 57th Street, the luxury-laden corridor will welcome Miu
now displaying contemporary furnishings at 138
Miu, opening between Chanel and Dior at 11 East 57th Street,
Greene. Trendsetter from LA, Ed Hardy will be at
vacated by Jil Sander, who plans to open two smaller shops on
49 Mercer Street and Nike is sprinting into 21 Mer-
Madison Avenue. Chloe is temporarily at 57th Street and Park
cer. Dean & DeLuca is expanding its 560 Broadway
Avenue while its 846 Madison Avenue location is refurbished.
location yet again. Pearly whites specialists Rembrandt opened a pop-up store coined “The Brilliant
In Midtown, Paris-based Rene Mancini is reopening with a
Mouth Experience” at 486 Broadway. Italian street
new concept at 470 Park Avenue, in the building that is also
wear brand 55DSL is at 281 Lafayette Street. Bra-
the new home of Manfredi. Supreme stationery purveyor
zilian sportswear chain Osklen will make its U.S.
Papyrus has a store at 54th and Park.
debut at 97 Wooster Street, former home of Laun-
For most retailers, Manhattan is still the pinnacle – securing a coveted boutique in any of these exciting neighborhoods is their crowning achievement. Topshop is close to
moving to the Big Apple, considering locations on Madison
and Broadway. Confirming my prediction about the rebirth
of the department store, J.C. Penney announced the opening of its first-ever Manhattan location, 150,000 square feet
store in Midtown’s Manhattan Mall.
We certainly cannot properly welcome summer without a
preview of the happening Hamptons. Vacationers may forgo
the beach for a day in the enhanced East Hampton shopping
district, which welcomes new boutiques from Bruno Cucinelli, Elie Tahari and Tory Burch, as well as the Optical Shop
of Aspen at 53 Newton Lane. John Varvatos is introducing
an East Hampton outpost at 54 Newtown Lane. Southampton’s influx includes Intermix, now open at 64 Main Street,
Brooks Brothers at 48 Main Street and divine leather shop
Brahmin at 58 Jobs Lane.
In more retail news, Manhattan-based shoe company Foot
Locker has announced a partnership with Nike for a new
basketball-themed chain called House of Hoops by Foot
Locker. Foot Locker’s Harlem store is the first to be condry by Shelli Segal. This will be the first of four planned U.S.
store launches for Osklen, including potential locations in
the Hamptons and Madison Avenue.
In the Meatpacking District, Barneys New York is planning
a grand entrance, near style temple Jeffrey. A few doors
down, Apple will have another superstore at the corner of
14th Street and 9th Avenue. Diane von Furstenberg’s fl agship is at long last unwrapped at 874 Washington Street. In-
verted, by early next year. The company will then roll out a
national expansion - 50 stores are planned for cities including Los Angeles, Chicago, Houston and Las Vegas.
This season, shoppers will be happy to welcome en vogue
designer boutiques, revolutionary retail concepts, and reinvented stores. As the weather starts to swelter, you’ll find
haute fashion on every corner, from Manhattan to the East
End.
ternational shoe specialist Iris has crossed the ocean from
Milan to 827 Washington Street, next to John Frieda.
The Lower East Side will welcome East Hampton’s Blue &
Cream, a delicious boutique featuring indie designers, to
Houston St. between Bowery and Chrystie Streets.
FAITH HOPE CONSOLO, CHAIRMAN
RETAIL SALES & LEASING DIVISION
PRUDENTIAL DOUGLAS ELLIMAN REAL ESTATE
575 Madison Ave, 3rd Floor, NYC 10022
Tel: 212.418.2020/Fax: 212.418.2005
In Nolita, Clutch! has closed at 219 Mott Street, to accom-
[email protected]
modate a tiny new boutique for Alice + Olivia.
www.faith-consolo.com