Monday, December 6, 2010

Bleecker Street 3rd Most Expensive Retail Strip


         From the great website Racked NY thought you would find this interesting as I did:  
This week, a property housing three Bleecker Street storefronts—includingBurberry and the incoming Michael Kors—sold for $34 million. The New York Daily News puts the sale into context: At $6,700 a square foot, it's Manhattan's third highest retail deal since 2003. Only spaces on Madison and Fifth Avenue have ever been able to command higher prices.
"The Meatpacking District and Soho can't compete with it anymore," retail broker Faith Hope Consolo told the paper. Neither can London's Bond Street or the Champs-Élysées in Paris—Bleecker Street's boutique rents outrank them both. At least the neighbors (well, the new ones) can afford to shop in all the expensive new stores: The NYDN reports that residential rents in the area are also the highest in the city.
Cannoli Dreams for You.....until next post 
                               Rosemary

2 comments:

Krystal said...

whoaa....that's insane.

Kristin said...

Hi Rosemary!!! Thanks for welcoming me back:) And you're soon off to tea..that means your birthday is just around the corner. Happy birthday!!!!!!!! And have a great time! At least I know you're thinking of me. I must have that tea some time!

Kristin xo

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