The Real Deal New York

From the February issue: West 57th Street is poised to go from dowdy to chic. Upscale merchants such as Nordstrom are said to be eyeing 57th Street between Fifth and Sixth avenues, and a luxury hotel could also sprout on a block where several properties have recently changed hands. For more than a dozen years, the street, home to a mix of mid-priced stores that include Sleepy’s, Bolton’s and the Sharper Image, has been the matronly stepsister of East 57th Street, which is lined with luxury merchants such as Chanel, Dior and Burberry. But the upscale redevelopment of Midtown on the west side is having a halo effect on West 57th Street, making the block more appealing to higher-end tenants.