550 Seventh Avenue
Fashion Accessory Bazaar has grabbed a spot in the garment district from which to launch a glamorous collaboration of indie designers.
Carlos Falchi and Isabella Fiore will move into 11,695 square feet at 550 Seventh Avenue, near 40th Street, the New York Post reports. The two high-end indie handbag designers are being brought together under FAB’s fledgling Artisan House division.
FAB already makes handbags featuring Hello Kitty, Hanna Montana and Spider-Man, but now it hopes to snag buyers with more sophisticated tastes. Rihanna sometimes sports a shiny silver Falchi; Katie Holmes and Kate Hudson favor Fiore’s embroidered look.
Falchi is currently located at 260 West 39th Streeet; Fiore will hop a couple of blocks over from 80 West 40th Street. The designers will join Ralph Lauren in their new Art Deco home.
Michael Beyda and Abie Cohen of Benchmark Properties represented the tenant. Michael Heaner of the Kaufman Organization represented the building. The asking rent was $42 a square foot, according to the Post.