Swatch Group looks to move into St. Regis retail space

Crown Acquisitions and Vornado paid $700 million for 24,800-square-foot condominium last year.

New York /
Apr.April 15, 2015 09:30 AM

The Swatch Group is looking to Open Up An Upscale Shop On Fifth Avenue.

The Swiss watchmaker is hoping to ink a lease at the southeast corner of East 55th Street and Fifth Avenue at the St. Regis Hotel’s retail condominium, according to the New York Post. Crown Acquisitions and Vornado Realty Trust paid $700 million for the 24,800-square-foot retail portion last year.

The store would sell the company’s upscale brands, such as Breguet, Harry Winston and Omega, the newspaper reported.

DeBeers, a purveyor of diamonds, currently occupies the duplex that Swatch is eyeing. Tag Heuer is located to the south of the location. Both DeBeers and Tag Heuer have four years left on their leases.

Cushman & Wakefield’s Bradley Mendelson is representing the Swatch Group. [NYP, 1st] — Claire Moses


Related Articles

arrow_forward_ios
Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)
Free and clear: Vornado pays off debt at 220 CPS
Free and clear: Vornado pays off debt at 220 CPS
Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
Steven Roth, CEO of Vornado and 640 Fifth Avenue (Credit: Getty Images and Vornado Realty Trust)
Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
Vornado’s Steve Roth with Penn1, Penn 2 and the Farley Building (Getty, VNO)
Vornado’s Roth “disappointed” in lack of distress as market shows signs of recovery
Vornado’s Roth “disappointed” in lack of distress as market shows signs of recovery
Jamie Dimon, Steve Roth, Donald Trump and 555 California St. (Trump, Getty)
Vornado lines up $1.2B refi of SF tower co-owned with Trump
Vornado lines up $1.2B refi of SF tower co-owned with Trump
Vornado’s Steve Roth and 888 Seventh Ave (Getty, Google Maps, iStock)
Vornado sues Hongkun USA, seeking $1.1M in rent
Vornado sues Hongkun USA, seeking $1.1M in rent
From left to right: Gov. Andrew Cuomo, Tony Malkin, Larry Silverstein, Douglas Durst, Steven Roth and Bill Rudin. (Getty)
Vornado, Empire State Realty Trust pledge total carbon neutrality by 2035
Vornado, Empire State Realty Trust pledge total carbon neutrality by 2035
Vornado’s Steven Roth and One Park Avenue (Getty, Vornado)
Here’s what tenants are paying at One Park Ave
Here’s what tenants are paying at One Park Ave
arrow_forward_ios

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

Loading...