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The massive Louis Vuitton flagship at 1 East 57th Street and Fifth Avenue might need to temporarily relocate itself while its under renovation, and The Real Deal thinks it knows where. Enter 3 West 57th Street, which has been home to temporary locations of high-end retailers such as Chanel, Bulgari, and Salvatore Ferragamo, while their permanent locations are busy getting facelifts.
Louis Vuitton recently bought up its neighboring building at 743 Fifth Avenue, and plans to demolish it and expand it into its larger space. Since there can't be any dust and debris flying around the LV bags, the store "will need to relocate at least some of its retail to 3 West 57th Street," according to sources. Meanwhile, 3 West 57th Street is pretty proud of its fancy tenants. Adam Brodsky, director of commercial properties for the building's owner, Hakim Organization, explains: "We really do have a little niche." Or, the high-end brands are the only ones willing to shell out up to $450,000 a month for something so fleeting.
· Louis Vuitton may be next for Fifth Avenue’s luxury pop-up locale [TRD]
· Louis Vuitton Will Be Expanding Its 57th Street Store [Racked NY]