DONNA KARAN STILL SEEKING FLAGSHIP SITE
NEW YORK — This fall’s designer accessory — the trophy store — continues to elude Donna Karan.
Karan, who was interested in opening a DKNY flagship on red hot Madison Avenue, then in trendy SoHo, may be heading back to the drawing board.
The designer negotiated last summer to open a 30,000-square-foot DKNY flagship on Madison Avenue near 60th Street. As reported, that deal fell through.
In the meantime, Giorgio Armani, Valentino, Moschino, Etro and Prada all opened large stores on Madison Avenue.
In June, Karan turned her sights to SoHo, where a 55,000-square-foot space at 387 West Broadway between Spring and Broome Streets caught her eye for the DKNY flagship. That deal is now apparently on shaky ground.
“The deal is faltering,” said Robert Futterman, managing director of Garrick Aug, the landlord’s agent. “I don’t know why [Donna Karan] keeps getting to the altar [and then turns around].”
But a Donna Karan spokeswoman said, “As far as we know, they’re still talking and we’re still interested.”
“We’re pretty surprised,” Futterman added. “They spent a lot of time and money on this. The landlord has asked us to market the space again.”