NEW YORK — True Religion Brand Jeans will bring some casualwear to the land of the suit. The denim manufacturer and retailer said it will open in October a store with 1,700 square feet of space on two levels at 14 Wall Street, between Broadway and Broad Street, in the Financial District here.
In addition, sources said True Religion will open a unit on Broadway near Union Square on July 31. As reported, the company will unveil a 1,850-square-foot unit at The Shops at Columbus Circle at the Time Warner Center on July 2.
In the last three to five years, Wall Street has been touted as the next hot retail frontier by real estate brokers and developers eager to attract national brands and luxury tenants in the wake of 9/11.
Hermès and Thomas Pink opened in the past year. More recently, Tiffany & Co., Canali and Tumi unveiled stores.
"There's tremendous momentum," said Darrell Rubens, managing director of Winnick Realty, who represented the property owner. "I've been focusing on Wall Street and Broad Street for the last five years. We've pretty much filled up all of Wall Street and are now expanding on Broad Street and a couple of other streets. [For spaces] on Wall Street, we won't even look at someone unless they're a Fifth Avenue retailer or a great SoHo tenant."
Rubens maintained that "a lot of tenants are looking downtown and there's a lot of buzz. We're now hearing that Apple and Barneys New York are looking downtown."
The asking rent of $700 a square foot for the True Religion space also might be an indication of the Financial District's relative health. Brokers said asking rents have been in the vicinity of $400 a square foot.
The reason retailers are keen on Wall Street has to do with the area's demographics, both residents and office workers. Since 2003, the number of residents living south of Chambers Street has doubled to 58,000, according to the Downtown Alliance. Household income since 2004 has nearly doubled as well, to $163,000, one of the highest in the city. With more than 300,000 workers in the Financial District and the occupancy rate for office space running at about 96 percent leased, the population is dense.New restaurants and hotels are coming to the area including Haru, Bobby Van's and Capitol Grill. "Nobu just signed a lease at 45 Broad Street for a hotel and restaurant," Rubens said. "The Setai from South Beach, Fla., is opening a restaurant, private club and condominium residences at 40 Broad Street. The W and Starwood Hotels are under construction downtown and a Global Hyatt Hotel is under construction."
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye