REAL ESTATE

Syms and Filene’s to open new hybrid store concept on Fifth Avenue

BY CSA STAFF

New York City Winick Realty Group said Monday that Syms and Filene’s will open a flagship location at 530 Fifth Avenue in Manhattan, between 44th and 45th Streets, for its new hybrid format, fbSY. Syms acquired Filene’s Basement in 2009.

The space contains 6,500 sq. ft. on the ground floor, 9,500 sq. ft. on the lower level, and 18,000 sq. ft. on the second floor.

“The space was originally designed for the Bank of New York and wasn’t built for retail,” said Darrell Rubens, senior managing director for commercial broker Winick Realty. “But we had a vision from day one of replacing the austere granite storefront with a floor-to-ceiling glass storefront more conducive to retailing.”

With other tenants including Zara and H&M in close proximity, Rubens added that “Syms will be a great addition to Fifth Avenue.”

Syms is one of a handful of high-profile fashion chains coming to Fifth Avenue. Urban Outfitters just leased a new storefront across the street at 521 Fifth Avenue, while Guess will be opening its new flagship store up the street at 575 Fifth Avenue.

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REAL ESTATE

Anthropologie set to debut accessories concept

BY CSA STAFF

New York City Anthropologie will premier its accessories-only format on Oct. 29, in Chevy Chase, Md., according to Women’s Wear Daily.

The 1,4000-sq.-ft. store will feature shoes, handbags, scarves, costume and fine jewelry, and in a first for the brand, estate and antique jewelry, the report said.

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Aldi to debut first interior mall store

BY CSA STAFF

Los Angeles Westfield announced Thursday that it plans to add a limited-assortment Aldi grocery store to a Chicago mall. The new store will be the low-priced Aldi’s debut location inside a regional mall in the U.S.

The 20,000-sq.-ft. store, slated to open in May 2011 at Chicago Ridge mall, will be customized to accommodate an interior entrance, according to mall owner Westfield. The new store will open in a vacated Steve & Barry’s space.

A special loading zone is also being added to the mall parking lot for customers with groceries, Westfield said.

“Introducing the new grocery category to our shopping centers is first and foremost a valuable new option for our customers, and a very positive move for our grocery store partners,” said Chris Barnett, SVP at Westfield. “We plan to expand this concept throughout our U.S. portfolio and are currently talking to a number of grocers.”

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