Balenciaga's Mercer Deal Details

Only a few blocks from the new Stella McCartney spot, Balenciaga, the Gucci Group fashion and accessory brand, has inked a

Only a few blocks from the new Stella McCartney spotBalenciaga, the Gucci Group fashion and accessory brand, has inked a deal to move into 148 Mercer Street, brokers said. Balenciaga will occupy 6,769 square feet on two levels.

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The space is being dramatically modified from its current configuration to create what the brokers called a “dramatic, open, column-free space.” The company already has one store operating at 542 West 22nd Street on the far West Side.

Cushman & Wakefield’s Michael O’Neill and Alisa Amsterdam represented the landlord, 577 Retail LLC, while Joel Isaacs and Marc Simon of Isaacs & Company represented Balenciaga. The deal is the latest in a string of fashion retailers to hit the once eatery-heavy Mercer Street.

“This lease completes the transformation of the Mercer streetscape and stands to substantially change the pedestrian traffic and shopping patterns in Soho,” Mr. O’Neill said in a statement.

jsederstrom@observer.com

Balenciaga's Mercer Deal Details