Leases  ·  Retail

LVMH Signs Deal for Dior at Hudson Yards


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.

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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.