Fifth Avenue’s latest high-end tenant has moved in. [more]
Posts Tagged ‘valentino’
Giancarlo Giammetti, the longtime business partner of Valentino fashion designer Valentino Garavani, has sold his apartment at the Pierre for nearly $2 million less than its asking price.
Giammetti, who holds the title of honorary president of the label, sold the two-bedroom, two-bathroom spread at 795 Fifth Avenue for $8 million, according to public records filed today with the city. It first came on the market in 2010 asking $12.5 million but was most recently listed for $9.7 million. [more]
Prominent Manhattan landlord Jeff Sutton and SL Green Realty have just entered into a contract to buy another high-profile fashion store at 747 Madison Avenue, the New York Post reported. The purchase price is close to $65 million, sources said.
The store, which is at the base of Colony House residential building near East 65th Street and currently houses fashion label Valentino, has 6,700 square feet on the first floor and a 3,100-square-foot lower level currently used for storage, according to data from CoStar.
The expiration of Valentino’s 10-year lease within the next year provides an opportunity for a rent hike, the Post said. … [more]
Giancarlo Giammetti, Valentino’s business partner and longtime companion, has purchased a pe … [more]