Add Canadian apparel chain Aritzia to the list of retailers taking mega-spaces on New York's Fifth Avenue. Fashion & Style reports the retailer will open a 13,000-sq.-ft. flagship at 600 Fifth, at Rockefeller Ceter.
All the recent activity by mid-priced fast fashion retailers in that part of town is changing the feel of the neighborhood, retail real estate brokers say:
Robin Abrams, a retail real estate broker at the Lansco Corp., said Aritzia's new location is significant because "it will have an impact with regard to the type of tenancy that locates on Fifth Avenue and it will send a message that the west side of Fifth Avenue is trending more toward fast fashion than luxury." Abrams said the invisible line separating the more upscale Fifth Avenue addresses from the more populist stores was historically between 49th and 50th Streets.
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