Scratch a Niche
This is the first post in a series on ecommerce startups.
The advent of online shopping has threatened to divorce buying stuff from talking to people for good. It’s a shame, because socializing and new stuff acquisition are a potent combo when it comes to raising one’s self esteem.
Not to mention, as Gretchen Weiners once said, “You wouldn’t buy a skirt without asking your friends first if it looks good on you.”
The residents of greater 57th Street can finally get a good look at the tower that they so vehemently opposed. Renderings of the 1,423-foot tower, which recently won approval from the Landmarks Preservation Commission to cantilever over the Art Students League, have finally been revealed in The Wall Street Journal. Read More
Despite strong community opposition, including that of the local community board, this afternoon the Landmarks Preservation Commission approved Extell’s request to cantilever its 1,424-foot skyscraper over the Art Students League.
The vote was six to one in favor of the application, which will allow Extell to cantilever its Smith + Gordon Gill-designed tower at 217 West 57th Street over the comparatively diminutive French Renaissance building next door. In their discussion before the vote, the LPC cited the minimal impact of the cantilever—which is some 290 feet high and not visible from all vantage points—on the experience of the landmark, as well as the building’s contextually-sensitive cladding.
Seattle-based luxury retailer Nordstrom has reportedly paid $102.5 million for the site of its future Midtown flagship store at 225 West 57th Street.
The seven floor store will anchor a massive 88-story, 1,550-foot residential condo tower that Extell Development is building at the site.
The retailer said its store will encompass 285,000 square feet when it Read More
Amidst the chicest clubs and restaurants of New York City’s Meatpacking District sits the bright pink home of an even bigger trend. Blow, situated at 342 West 14th Street, is just one of the many essential blow-out stops getting penciled into the overflowing schedules of Gotham’s hippest women. Blow-dry bars are taking the wash, cut, color and style hair-salon cycle to a one-stop, celeb-worthy style service.
“In New York City, there is always an occasion for a blowout,” Diana Pratasiewicz, a manager at Blow, says above the roar of blow driers and quaint music. “Whether it’s an important meeting, or you’re not feeling so great and you just want to give yourself an instant makeover, or it’s an event with the girls.” Put simply, there’s never a not good time for a blowout, except possibly when you’ve just had one.
It’s the great white whale of Manhattan retail.
Aside from Walmart, Nordstrom is the store every retail broker in the city dreams of harpooning and reeling into a new home. One prominent broker familiar with the store, the amount of space it needs and the rents it would probably be willing to pay estimates that the commission for handling its lease would be around $10 million.
But like a leviathan lurking beneath the waves, the department store has offered only fleeting glimpses around the city, most notably at several development sites and a few existing assets with the capacity to accommodate its sprawling footprint.
The scuttlebutt nowadays: Nordstrom is contemplating one of two leases, one at the West Side rail yards with the Related Companies or another at the base of Extell Development’s soaring new residential tower now rising at 157 West 57th Street.
Derek Lam has signed on to create a ready-to-wear collection for eBay that will be unveiled during New York Fashion Week in February. [WWD]
Next year, Target will re-release the best of their 17 designer collaborations featuring looks from Luella Bartley, Proenza Schouler, Libertine, and others. [Racked]
Nordstrom is Read More
The dramatic transformation of Manhattan’s far West Side, only two years ago, seemed shiningly imminent.
Mayor Bloomberg had been pushing the grungy, truck-filled area south of the Javits Center hard on the private sector; the city’s biggest developers started planning new hotels and apartment towers; commercial and residential rents seemed on an endless march upward; Read More