The most expensive retail real estate deals in the Plaza District ranked by asking price
New York’s most expensive retail addresses have always been located in the Plaza District, the tony shopping area loosely defined as Fifth Avenue north of 49th Street and south of 60th Street, Madison Avenue bounded by 57th and 72nd streets, and 57th Street between Sixth Avenue and Park Avenue. Most of the activity in the past year has been on Madison Avenue, where retailers played a heated game of musical chairs. Established denizens, such as Montblanc, traded up to larger spaces, while new names like GEOX entered the fray. On Fifth Avenue, where moderately priced brands have been muscling in on the luxury crowd, Zara will occupy Façonnable’s former flagship on the corner of 54th Street. Despite the economy’s travails, real estate brokers said prices have held firm in the Plaza District.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)