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."
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)