Salvatore Ferragamo Snags Luxurious Locale Downtown

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Brookfield Place has snared one other luxurious tenant for the redesigned buying space across the Winter Garden.

The Italian fashion house Salvatore ferragamo belt outlet has signed a lease for a 4,200 sq.-foot boutique, where it should sell footwear, handbags, luggage, belts, advantageous jewelry, silks, perfumes and eyewear along with Artistic Director Massimiliano Giornetti’s premier prepared-to-wear vogue collections.

The Ferragamo store will sit next to Burberry and near Hermes on the north aspect of the Winter Backyard, which is getting a brand new glass pavilion entryway.


Contemporary retailers together with Michael Kors and Calypso have also signed deals for a nearby corridor.

"We achieved a new high-water mark and have carried out several offers north of $400 a foot," mentioned Ed Hogan of Brookfield Properties, who directs the retail leasing but declined to provide specifics. "Tenants realize the sales alternative is there."

While the $250 million grand reopening with the outlets won’t take place for another yr, the glass entry pavilion and escalators leading by way of the white marble-lined corridor to the path station at the World Trade Center should open this fall.

"Ten years ago, luxury wasn’t going downtown," recalled Hogan. "Now, with three luxurious brands, we are defining our middle and are being viewed as the luxury option."

Ferragamo was represented by Robert Gibson of Cushman & Wakefield. Brookfield was represented by Wendy Silverman a marketing consultant with The McDevitt Co.