Downtown clothier heads north to UWS

TRD New York /
Nov.November 01, 2010 04:00 PM
At left: Rag & Bone’s newest location at 182 Columbus Avenue. At right: Rag & Bone at 100 Christopher Street in the West Village

Rag & Bone, the downtown clothier with Kentucky roots, opened an 1,100-square-foot store this past weekend at 182 Columbus Avenue, between 68th and 69th streets, enhancing the area’s fashion sensibility. The upscale brand signed a 10-year lease for half of the ground-floor retail space in this five-story landmarked building. Brokers representing the property owners declined to disclose the final rent but said the asking rent was $315 per foot.

The arrival of Rag & Bone and its award-winning designers demonstrates the continuing transformation of the area. The two-block stretch, between 67th and 69th streets along Columbus Avenue, is gradually reinventing itself as a fashionista destination. The process required some pioneers and good fortune.

“It’s become a North Soho,” said Henry Goldfarb, vice chairman at Grub & Ellis, who represented AIMCO, the landlord. “It started about five years ago when Reiss opened.”

The UK-based men’s and women’s fashion label was soon joined by Burberry and Wink, according to Goldfarb, who added that the relocation of Fashion Week activities to Lincoln Center has added to the Upper West Side’s sartorial profile.

Rag & Bone, which sells high-end everyday clothes, including T-shirts ($80), ballet flats ($290) and mittens ($195), will split the ground-floor space with the French label Comptoir des Contonniers. Four floors with 16 rental apartments sit above the retail space, according to city records.  

AIMCO is better known for its national multi-family portfolio, but Goldfarb said the real estate investment trust owns more than a dozen assets like this — retail on the bottom, apartments above — across Manhattan. 

The new store represents Rag & Bone’s first foray north of the West Village, where they have two stores, along with a pair of stores in Soho. The company also recently opened a store in Tokyo. Neither Rag & Bone nor its brokers at Robert K. Futterman returned calls for comment.

 

Related Articles

arrow_forward_ios
The Plaza Hotel in 1975 and models walking the runway during New York Fashion Week September 2019 (Credit: Getty Images)

Fashion Week struts its stuff at these iconic NYC locations

Fashion Week struts its stuff at these iconic NYC locations
A deluxe – and purple – apartment in the sky: PHOTOS

A deluxe – and purple – apartment in the sky: PHOTOS

A deluxe – and purple – apartment in the sky: PHOTOS
Placeholder image

Judge approves Grubb & Ellis’ bankruptcy plan

Judge approves Grubb & Ellis’ bankruptcy plan
Placeholder image

This Fashion Week, Oren Alexander, Ryan Serhant take to the catwalk: PHOTOS

This Fashion Week, Oren Alexander, Ryan Serhant take to the catwalk: PHOTOS
From left: Jonathan Miller, now of Lee & Associates, the Barney's space on Madison Avenue and 9 West 57th Street

Lee & Associates picks up three more brokers from Grubb & Ellis

Lee & Associates picks up three more brokers from Grubb & Ellis
Placeholder image

Lutnick explains BGC’s real estate plays: VIDEO

Lutnick explains BGC’s real estate plays: VIDEO
Placeholder image

Grubb NYC office implodes after BGC purchase

Grubb NYC office implodes after BGC purchase
Placeholder image

Newmark, Grubb change name

Newmark, Grubb change name
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...