A CUT ABOVE: Cut25, Yigal Azrouël’s year-old contemporary brand, will soon have a place to call home. Next spring, Azrouël will open his first freestanding Cut25 store at 129 Grand Street between Broadway and Crosby Street. The 1,400-square-foot store, designed by Dror Benshetrit, will sell the full collection, including just-added accessories categories such as handbags, belts and scarves. The store is just one of several developments for the brand. Cut25 will also its first New York Fashion presentation at the Highline Stages on Sept. 11, and be a first-time exhibitor at the Fashion Coterie later this month.