Michael Kors Grabs Benetton Space in Flatiron for 10 Years
By Laura Kusisto August 10, 2010 12:24 am
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133 Fifth Avenue
Summer is certainly the season of Michael Kors, what with perpetual tans, effortless sailboat posing and, it turns out, relentless retail expansion.
The 10-year lease will give the designer a 2,500-square-feet location at 133 Fifth Avenue, at 19th Street. The new space, which is currently occupied by a Benetton retail store, will give the boutique “prominent avenue frontage,” according to a release. (After a bit of coaxing, Mr. Kors also recently signed a deal for the former Ungaro location at 792 Madison Avenue at 67th Street.)
“This new Flatiron deal was a quick one. It was negotiated and signed within 90 days,” said Gary Dana of the Dana Group at Prudential Douglas Elliman, who represented the tenant, along with Rick Dana and Adam Kramer.
Joanne Podell of Cushman & Wakefield represented Benetton.
The designer has three existing New York locations, but this will be the first in the Flatiron district. News of the deal was first reported by the Post‘s Steve Cuozzo.
