High-end handbag and accessory purveyor Bottega Veneta is mulling a lease for part of the Wildenstein family’s townhouse at 740 Madison Avenue.
The roughly 30,000-square-foot building once held a mix of retail stores and 14 apartments on the upper levels, but is now vacant and on the hunt for new tenants. Bottega Veneta, which already has a store on Fifth Avenue next to the St. Regis, is looking for a new space following the store’s 2012 purchase by rival luxury goods company Richemont in a $375 million deal.
The Wildenstein family are internationally known art dealers.
“It’s a really important corner for Madison Avenue,” Matthew Bauer, president of the Madison Avenue BID, told the New York Post. “They are a great brand and would enhance the area if they open in what is now a vacant building.” [NYP, 2nd item] — Julie Strickland