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Brookfield Place, the renamed World Financial Center that's undergoing a $250 million facelift, may have its second luxury tenant.WWD reports that, according to real estate sources, Burberry has signed on for 5,000 square feet of space in the "Winter Garden" location of the shopping center. The store will be both men's and women's, and it's scheduled to open on September 14th when the entire Brookfield Place renovation is revealed. This will be Burberry's seventh Manhattan outpost.
The British brand joins Michael Kors, who announced an accessories store in the complex earlier this month. WWD's real estate source states that despite the 200,000 square feet of retail space at Brookfield Place and the 365,000 square feet at the neighboring World Trade Center project, much of it is underground—not the stuff of a luxury footprint. The above ground options are premium and limited, so high-end brands better get to signing those leases if they want in on the FiDi retail party.
· Burberry Said Opening Brookfield Place Unit [WWD]
· Michael Kors Adds WTC Accessories Store to New York Lineup [Racked NY]
· Lower Manhattan Will Beef Up Its Retail With Luxury Stores [Racked NY]