LVMH Signs Deal for Dior at Hudson Yards

By Lauren Elkies Schram June 1, 2018 2:00 pm

The Great Room at the Shops & Restaurants at Hudson Yards. Image: Related Companies and Oxford Properties Group

Fashion brand Dior is opening a full-line store at Related Companies and Oxford Properties Group’s Hudson Yards megaproject, Commercial Observer has learned.

LVMH, Dior’s parent company, signed a lease “literally a day ago” for a “little over 4,000 square feet,” on the ground floor in “The Great Room” at the Shops & Restaurants at Hudson Yards, according to Webber Hudson, an executive vice president at Related Urban, the mixed-use development division of Related Companies.

Webber said the deal at the building, which sits along 10th Avenue between 10 Hudson Yards and 30 Hudson Yards, was handled by Related’s in-house team.

He declined to provide any deal details, but said the 720,000-square-foot shops and restaurants center is 80 percent leased. Hudson expects to seal deals for another 10 percent by opening day March 14, 2019.

A few newly announced tenants include Van Cleef, Cartier and Piaget. Leases are out with Tiffany & Co. as well as Sergio Rossi and Muji, sources said. (Webber declined to comment on deals that weren’t closed.)

Spokespeople from LVMH didn’t immediately respond to a request for comment.