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.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
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