New York skaters are getting a giant new store on Fifth Avenue.
Vans, the popular shoe and skatewear company, has signed a lease for a flagship store at 530 Fifth Avenue spanning 8,573 square feet across two floors, according to the Commercial Observer. The store will take up 6,010 square feet on the building’s lower level and 2,563 square feet on its ground floor.
This will be the second Vans store in Manhattan, following the 2011 opening of a small Vans DQM General boutique in Soho at 93 Grand Street. The company also has a store in Williamsburg at 102 North 6th Street and an event and performance space in Greenpoint at 25 Franklin Street.
Thor Equities, General Growth Properties and RXR Realty purchased 530 Fifth Avenue in 2014 for $595 million. The office and retail building stands 26 stories tall, and tenants include Desigual, Chase Bank and Fossil. A recent report from Yardi Matrix ranked the sale as the fifth best in the last five years based on resale gain. [CO] – Eddie Small