The 15 costliest real estate deals of the past year on Madison and Fifth Avenues, and 57th Street, based on ground floor rent per square foot.
Luxury brands continue to jockey for position on Fifth and Madison Avenues, and 57th Street, undaunted by the steep rents. Here, the top 15 real estate deals based on ground floor rent per square foot. Stores also leasing less expensive upper floors and basement space bring down their average cost per square foot. Note that LVMH Moët Hennessy Louis Vuitton has purchased the entire nine-story building, which housed the Warner Bros. store on Fifth Avenue and 57th Street for a reported $100 million. The company plans to open a 15,000-square-foot flagship for Louis Vuitton there. Burberry will open a six-level flagship at 7-9 East 57th St. in a property it purchased that reportedly cost between $15 million and $20 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"