Real Estate Weekly
Image default
Deals & Dealmakers

Fashion brand Tom Ford moving to 680 Madison Avenue

Fashion designer Tom Ford is moving to 680 Madison Avenue in the Upper East Side.

According to the New York Post, Ford took 12,300 s/f of retail space in the property. The store will be near other men’s fashion brands such as Brunelllo Cucinelli, Hermes and Links Club.

The deal represents a hefty investment for Tom Ford. The asking rent for the space is said to be $2,000 per s/f. The retailer’s footprint in the building will be divided between 3,300 s/f ground floor space and 9,000 s/f on the second floor.

The property, which sits between 61st and 62nd Streets, was originally called the Helmsley Carlton House. The retail space at the building’s base is owned by Thor Equities. According to the company’s website, there’s a total of 13,498 s/f on the ground floor and 13,837 s/f on the second floor. The property also offers 200 feet of frontage on Madison Avenue.

According to the Post, there is still 16,000 s/f of vacant retail space in the building, most of which is in the second floor. Part of Tom Ford’s new location was previously taken by Qatari retailer Qela, which never moved to the space.

Once Tom Ford relocates, it will share the building with another fashion brand. Brioni took 7,000 s/f of retail space in the property in May of last year.

(Visited 1 times, 1 visits today)

Related posts

Madison International Realty leases bigger office from Tishman Speyer

REW

Brokerage inks new HQ deal, plans to hire 30 brokers

REW

Landlords call for drastic measures as vacancy climbs to over 12 percent

REW