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Take heed, old-school expensive antique purveyors, contemporary clothing chains are coming for your real estate. In another case of possible reverse gentrification, Manhattan-based chain boutique, Olive & Bette's has just signed a lease to open a second Upper East Side outpost. The store on on Third Avenue at 72nd Street will replace Evergreen Antiques, a high-end antiques shop supplying the nabe with expensive Scandinavian furniture and art since 1982. (Fear not, fancy antique décor enthusiasts, Evergreen will re-open in another—presumably cheaper—location at a later date.) Evergreen will be out of the space by Wednesday and Olive & Bette's is expected to open by the end of summer. The new outpost will join the Madison Avenue location, plus three other shops in the West Village, Soho and the Upper West Side.
· Reverse Gentrification [Racked]
· Olive & Bette's Opens 2nd UES Outpost [Crain's NY]
· Olive & Bette's [Official Site]