The Real Deal New York

H&M may bring high-end brand to Fifth Avenue

The retailer is currently “rebranding the space”

June 20, 2015 11:30AM

H&M at 505 Fifth Avenue

H&M at 505 Fifth Avenue

H&M has quietly closed its 24,000-square-foot store at 505 Fifth Avenue. Now it looks like the retailer may open one of its two higher-priced brands at the location.

The retailer is considering a Cos or an & Other Stories store at the property, according to Crain’s.

A spokeswoman for landlord Stawski Partners told Crain’s that H&M will be “rebranding the space and will continue its lease with different merchandise.”

H&M first leased the 42nd Street space in 2007. The three-floor leases has 7,500 square feet on the ground floor, 5,300 in the basement and 11,700 on the second floor. [Crain’s]Christopher Cameron