New York, NY – August 23, 2008 – (RealEstateRama) — Fifth Avenue near Rockefeller Center has always been a magnet for jewelers and other luxury goods retailers. The area features such a brand name stores as Saks Fifth Avenue, DeBeers, Harry Winston, Gucci, Bulgari, H. Stern and Cartier and these stores have become neighborhood landmarks. The area is packed with pedestrian traffic seven days a week – a mix of locals and tourists. This pedestrian traffic is the kind which luxury retailers covet including top paid executives, financial industry employees, local area residents and a wide variety of wealthy tourists. The area is a filer through which tourists often pass to get to their destination – be it a hotel, museum, theater, restaurant or other. This is true seven day location.
Tiret New York, the luxury watchmaker, is planning to move their current headquarters and has hired real estate brokerage firm, A&I Broadway Realty to sublease the space to a worthy candidate. It worth noting that this is a grand scale showroom built to cater to their wealthy celebrity clientele who are often accustomed to very best. This showroom boasts six large new window displays wrapping around over 100 feet of frontage. The building is located on the corner of Fifth Avenue, one block away from The Diamond District.
Peter Heart of A&I Broadway Realty is representing the tenant in this assignment and has already seen a lot of interest. To finalize his efforts and to receive final bids, Mr. Heart has drawn a deadline for all incoming bids of September 20th after which time a final selection will be made.
The space offers unlimited potential for a retailer interested in flagship location on Fifth Avenue and with signage/advertisement compatible only with Time Square.
The winner will be announced soon. Information, images and a virtual tour can all be accessed at www.595fifthavenue.com (a website created especially for this location).
