Search
 

Two New Stores for Banana Rep Reflect Shifting Tone of Upper East Side Neighborhoods

NEW YORK CITY-Both outlets are on the East Side, a neighborhood that's becoming a magnet for fashion retailing.

By John Howe | Updated on August 10, 2000

Clothing retailer the Gap is opening two more Banana Republic stores in Manhattan and is in the process of expanding another. Its new outlet at Third Avenue and 86th Street will have 65,000 sf on three levels, while the other at Third Avenue and 65th Street will offer 17,000 sf on two levels. In addition, its store at 111 Eighth Ave. is about to expand from a men’s store into one serving both sexes.

Robert Futterman of Robert K. Futterman & Associates, who brokered the deals, tells GlobeSt.com that the new locations reflect an ongoing shift in the tone of the surrounding neighborhoods. “Eighty Sixth and Third is probably one of the tightest retail markets in the city,” he says. “It’s a major thoroughfare seven days and nights a week in terms of trade hours. And they’re different markets, completely different customers.” What’s more, the East Side of Manhattan, “up to 79th Street is becoming more fashion oriented. It’s not just Madison Avenue anymore.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.