Fifth Avenue spreads south
July 14, 2008 09:07AM
Fifth Avenue
Fifth Avenue's stores have held up well during the recession, and new stores are opening south of 49th Street, or what some call "SOS," for South of Saks. Average asking rents there are $704 per square foot per year, compared to $1,958 a square foot above 49th Street, according to the Real Estate Board of New York. A store of up to 35,000 square feet could be built opposite the library at 475 Fifth Avenue. New stores in the works include Russian teen retailer Kira Plastinina at 509 Fifth, surfer shop Quiksilver at 587 Fifth and Italian watchmaker Morellato & Sector at 551 Fifth. Fashion chains H&M and Zara recently came to the area. [NYDN]
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Comments
Anonymous
"Some" are calling? Like all those other silly, annoying names (FiDi?) this is real-estate-agent generated and beneath the contempt of native NYers, at the very least.
Comment #1 Posted By: Anonymous 07/14/08
Anonymous
these acronyms are the worst.
Comment #2 Posted By: Anonymous 07/14/08