Next week, the case against a real estate company which is in negotiations to bring a Crunch Gym to a Tribeca residential condominium heads to court, and the decision could make or break a gym lease at 140 Franklin Street.
On Wednesday, March 12, the court will conduct a hearing to determine whether to grant the 140 Franklin Street condominium board’s application to prevent Lily Realty from signing a lease with Crunch, pending the trial. There is currently a temporary restraining order in place prohibiting Lily Realty from executing any lease with Crunch. That order expires upon the court’s decision, which will be issued following next Wednesday’s hearing.
Fashion Week Observed
As jackhammers pound away at the future Whole Foods on Bedford Avenue, word is spreading that Apple is eying a building (once reportedly scoped out by J. Crew) just across Williamsburg’s main drag for one of the company’s attention-getting stores.
Hipster vs. Hipster
When Alex Drexler, son of retail macher Millard “Mickey” Drexler, launched his new clothing venture last month, he wasn’t the first entrepreneur to start a line with his father’s blessing.
Under Mr. Drexler, J. Crew has become an incubator for fashion self-starters.
Chris Benz got his start at J. Crew, and now his colorful, exuberant designs (and personality) are a favorite of everyone from Kim Kardashian to Michelle Obama.
THERE GOES THE NEIGHBORHOOD
Red Carpet Real Estate
Williamsburg hipsters are very busy these days! Whether it’s butchering some kind of heirloom pig or smelting the umpteenth variation on a V-shaped necklace to sell at Brooklyn Flea, what burgeoning tradesman or woman has time to dig through thrift stores for the perfect pair of high-waisted Jordache jeans or frumpy chic granny sweaters? Not to mention that the neighborhoods’ thrift stores have been hopelessly picked over since at least 2005.
Thank goodness Urban Outfitters—and maybe even Anthropologie!—will soon be coming to the neighborhood. The college campus staple and her older, wealthier sister (who’s always going off on trips to foreign lands, writing dreamy not-quite-coherent thoughts in her leather-bound diary) are both looking to move into Williamsburg, Crain’s reports.
Red Carpet Real Estate
J. Crew CEO Millard “Mickey” Drexler will soon be getting even more closet space. And thank goodness, with the summer season here and a fresh new crop of seersucker suits and artfully-wrinkled linen shirts!
Mr. Drexler has won the bidding war for 140 Franklin Street, beating out the other buyers to sign a contract that exceeds the $13.5 million ask, according to the New York Post.
The five-bedroom, full-floor “mansion in the sky” will join the rest of the J.Crew chief’s collection, which includes a both a 5.6-acre oceanfront estate on Long Island and the country’s oldest working cattle farm in Montauk, according to the Post. The Bronx-born Drexler does not, at least under his own name, own any other properties in the city, according to city records.
Red Carpet Real Estate
Depeche Mode founder Vince Clarke, a.k.a. Vincent Martin and his wife Tracy Hurley Martin will be enjoying a “new life” in Park Slope after purchasing the townhouse of J.Crew creative director Jenna Lyons, according to Fucked in Park Slope.
J.Crew is known for its upscale but largely affordable clothes, but when it comes to some items—like president and creative director Jenna Lyons’ Park Slope townhouse—people are apparently willing to pay above retail.
The fashion guru’s 7 bed, 3.5 bath, 4,400 square foot townhouse sold for $4 million to Vincent and Tracy Martin, according to Curbed — 7 percent more than the $3.75 million that Ms. Lyons listed the property for last November.
Late into a wedding reception last fall, four male friends gathered around the bar. Like the bride and groom, all four were Dartmouth graduates, guys in their mid-twenties who’d moved to New York after finishing college. Having already been through the most pressing catch-up conversation, their talk turned to matters of fashion: one of them, eyeing another’s slim-fitting suit, asked, “Hey, man—is that a Ludlow?”
He was asking whether his friend’s suit was the most popular cut sold by J.Crew, the Ludlow. Of course, it was. So was his own. Another of the group piped up that he, too, was wearing a Ludlow. Only the fourth said he didn’t own one, unintentionally throwing off the group’s sartorial superfecta. Though, judging from the suit’s ubiquity of late, it was only a matter of time.
There is an unexpected newcomer to the Fashion Week scene, and it’s not The Situation’s new tuxedo line. In what may come as a shock to some couture aficionados, J.Crew has just announced their Fashion Week debut. The company has officially been slated to host a presentation from 9:30-10:30 September 13th.
So what does this Read More