CLOSING ON MADISON: Cole Haan is expected to close its store at 667 Madison Avenue in New York in February, opening up a small but prime location near Barneys New York, Hermès and Michael Kors among other top brands.
“This is a once-in-a-generation opportunity for a luxury retailer to make a brand statement,” said Leonard Stern, chairman and chief executive officer of the Hartz Group, the property’s owner.
The store space, situated at the southeast corner of 61st Street and Madison, has a 1,689-square-foot ground floor, 1,858 square feet of storage space, and the potential to add a 500-square-foot mezzanine.
Glenn Frankel, vice president at Hartz, responsible for leasing 667 Madison, said the site has more than 120 feet of wraparound window frontage, including six double-story window displays and 24-foot ceilings. The building also has a replica of the Statue of Liberty at the entryway. Cole Haan officials could not be reached for comment.