Byline: Sharon Edelson

NEW YORK — Issey Miyake is on the verge of signing a lease for a downtown store that will house a new retail concept.
“We have been looking at spaces and will probably be signing a lease in the next week in TriBeCa,” said a spokeswoman.
While she declined to discuss the exact location, it is reportedly 119 Hudson St., between Franklin and North Moore streets. The 5,000-square-foot space was previously occupied by Commodities Food Market.
It’s not unusual for the Japanese designer, who continually reinvents himself, to have a new idea up his sleeve.
“The new retail space will be used for a totally new project,” said the spokeswoman, but she was mum about the concept. “We will be ready to discuss it within the next month.”
Miyake launched Pleats Please, a lightweight, washable collection featuring tight pleats achieved through a patented process called garment pleating. Ordinarily, fabric is pleated first then cut into shapes. For Pleats Please, an outfit is cut and sewn and then put in a pleating machine between two pieces of paper. Polyester is used because it has a memory and sets the pleats.
The company opened a Pleats Please store in SoHo in 1998.
Last year, Miyake introduced A-POC (A Piece of Cloth), a line of clothes produced in a continuous knitted tube that contains cutout patterns that the wearer cuts herself. For example, Miyake produced a dress that could be cut long or short, with different sleeve lengths and necklines, and a tapestry fabric that contained items such as a skirt, underwear and handbag. The first A-POC store opened in Tokyo. Another is under construction in the Marais district of Paris and is slated to open Sept. 7.
In addition to Pleats Please in Manhattan, an Issey Miyake boutique on Madison Avenue and 77th Street, carries the designer’s signature collection.
Real estate experts said a Miyake store could give a boost to TriBeCa’s retail scene. “There’s no question that if that deal goes through, it will be a bellwether deal for that neighborhood,” said Peter Braus, a broker at Newmark New Spectrum Retail. “I don’t think anyone of that magnitude has ever rolled the dice on TriBeCa before.”
TriBeCa has no shortage of home furnishings stores, antique shops and restaurants. Also sure to bring cachet to the neighborhood is chef Jean-George Vongerichten, who reportedly signed a lease for a space at 66 Leonard Street.

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