Fashion retailer Rag & Bone is planning to open its first store on the Upper East Side, the Wall Street Journal reported. Rag & Bone currently has five New York City locations. As The Real Deal previously reported, one of them is on Columbus Avenue between 68th and 69th streets.
The Journal reported that the boutique has leased 9,000 square feet of space at 909 Madison Avenue, a three-story building located at 73rd Street. The building, which Friedland properties acquired in 2006 from the Bank of New York, according to the Journal, was rented out to JPMorgan Chase until last year. Lease details were not released to the Journal, though the paper cites Real Estate Board of New York figures that say asking rents in the area come in at $989 per square foot.
Besides New York, Rag & Bone has store spaces in Tokyo, Boston and Washington, D.C. According to the Journal, the clothing shop plans to open in London later in 2012. [WSJ, 2nd item]