MEXICO CITY — Thor Urbana plans to invest over $1.4 billion to open 10 shopping malls and five hotels and resorts in Mexico and Belize by 2020, its founders said as they unveiled a new designer sale platform called The Lab.Thor, a joint venture of New York and Mexican real-estate developers Thor Equities and GFa, will pursue the expansion despite a deteriorating economic outlook in Mexico, where U.S. President Donald Trump's plans to modify the North American Free Trade Agreement and potentially tax foreign remittances are putting international investors on tenterhooks."We see a Mexico of opportunities and we are a long-term investor," Thor Urbana's co-chief executive officer said when asked if a possible recession in Latin America's second economy would force it to scrap any ventures. "We are not canceling any projects but actually launching new ones of which you will hear more this year."The firm, which is behind Mexico's first Ritz Carlton Hotel set to open in 2019, intends to develop almost 11 million square feet, or 15 projects, in three years. This would enlarge its network from around 3 million square feet currently.In the next 12 months, it will inaugurate 3.8 million square feet of new space, including a shopping center in Metepec, a rusty town in the Toluca, Mexico City area, and a more high-end retail, apartment and office tower complex dubbed the Landmark Guadalajara, facing rival Sordo Madaleno's Andares luxury mall in the city's well-heeled Puerta de Hierro residential district.Another retail center will also open in Merida by 2018. Further down the road, there are mall projects in San Luis Potosi and Torreon, midsize cities with undeveloped retail. A private resort island called Caye Chapel in Belize is also earmarked for early 2019.To beat other developers that are reportedly set to open a total of 54 malls in Mexico this year, Thor Urbana has launched The Lab to help new designers sell in pop-up stores — a concept it boasted is the first of its kind in Latin America. The firm won't charge rents but will collect 5 to 15 percent of sales, according to co-ceo Jimmy Arakanji."We want to provide emerging designers with a platform to approach the public through pop up stores in innovative spaces," he said.Thor will feature 12 to 20 pop-ups, rotating every eight to 12 weeks, Arakanji added. The area will promote local talent but will also help established brands tap consumers through capsule collections or international labels test unknown markets. The concept has drawn several designers who Fasja said will be revealed soon.Thor sets itself apart from Sordo Madaleno, an architecture firm behind high-end mixed-use centers like Antea in Mexico City and most recently Andamar in Veracruz, by giving food and entertainment "more relevance," Arakanji said."Around 30 to 40 percent of our malls offer food and 60 to 70 percent retail including fashion and accessories," he noted, adding that Thor's malls are home to international retailers including H&M, Sephora, Hollister, Puma, CK Calvin Klein and Swarovski, among others.The developer also owns retail space in Mexico City's upmarket shopping strip Masaryk, the country's answer to New York's Fifth Avenue, where it plans to open a new, three-story shopping center called Masaryk 120 in the medium-term.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia