Clothing designer Issey Miyake has new flagship store in TriBeCa

Real Estate Weekly, Oct 24, 2001

Issey Miyake, an innovative clothing designer, is the first major fashion retailer to plant its flagship in TriBeCa. Issey Miyake has signed a 15-year lease for 15,000 SF of ground floor, basement and sub-basement space at 117 Hudson St., on the corner of North Moore. The space will be dominated by a Frank Gehry installation on the first floor and the other levels will serve as the company's showroom. The store will open this fall.

"Retail's First Team" at The Lansco Corporation, Yak H. Staav, Christine Emery, Douglas Zinn and Bill Melville, represented both the landlord and the tenant in the negotiations.

"Issey Miyake is not only a trend setting fashion designer, but is also a pioneer," commented Emery, who noted that TriBeCa has become a dynamic neighborhood which, after its rezoning for residential development, became a magnet for restaurants, upscale home furnishing stores and high-end condominiums and cooperatives.

"Much like destination designers Comme des Garcons in Chelsea and Yohji Yamamoto, who chose a Grand Street location 15 years before 'it became the desirable retail street it is today, Issey Miyake is making a statement by locating within this evolving retail district," added Staav.

A leader in retail leasing for more than three decades, The Lansco Corporation has represented landlords and tenants alike, and helped locate and arrange store leases for such prominent tenants as Tommy Hilfiger, NIKETOWN, J. Crew, Gianni Versace, Disney, H. Stern, Swatch, Citibank, Cartier, H&M, Sephora, Le Chateau and many other foreign and domestic chains. Over the past three years, the New York-based company, which specializes in retail leasing as well as corporate office leasing, has negotiated transactions involving over $2.2 billion in aggregate rentals.