All articles tagged with #fifth avenue
A viral TikTok video claims that Jeff Bezos had a section of Fifth Avenue closed for furniture delivery to his penthouse, showcasing a crane hoisting furniture to his luxury apartment, sparking jokes and speculation about billionaire extravagance.
Mayor Eric Adams announced a $152.7 million plan to transform Fifth Avenue from Bryant Park to Central Park into a pedestrian-friendly boulevard. The project will expand sidewalks, reduce traffic lanes, and add greenery, aiming to boost economic output and improve pedestrian safety. Inspired by Paris' Champs Élysées, the redesign will feature new trees, planters, and improved lighting. The initiative is expected to pay for itself within five years through increased tax revenue, with construction starting post-design completion in 2025.
Katie Holmes, Michelle Williams, Kerry Washington, and other celebrities attended the Chanel Dinner to celebrate the Fifth Avenue Flagship Boutique Opening in New York City, showcasing their stylish looks at the star-studded event.
Gucci's parent company, Kering, has purchased a prime Fifth Avenue retail property for nearly $1 billion, signaling a potential relocation for rival fashion house Armani from its flagship location. The purchase reflects a trend of major retailers acquiring Midtown Fifth Avenue properties for their own use, with foreign companies showing interest in securing long-term interests in retail properties. The impact of the sale on Armani's current lease at the location remains uncertain, while Gucci's owner sees the acquisition as a strategic move to secure highly desirable locations for its luxury fashion houses.
Jeff Sutton, along with SL Green, sold the retail portion of 715-717 Fifth Avenue to Kering, the owner of luxury brands like Gucci, for $963 million. This sale follows Sutton's recent sales of neighboring properties to Prada, marking one of the largest deals in New York City in 2023. The sale allows Sutton to settle a foreclosure initiated by New York Life Insurance, putting behind a dispute over a defaulted loan. Sutton's early investments in Fifth Avenue have proven lucrative, making him a billionaire, and Kering's acquisition aligns with its strategy of purchasing prime assets worldwide.
Actress Alexandra Daddario wowed in a sheer metallic dress at the opening of TAG Heuer's Fifth Avenue flagship store in New York. The event was attended by several celebrities, including Natasha Lyonne and Patrick Dempsey. TAG Heuer plans to expand its boutiques in the U.S. to 50 by 2026 due to high demand for their luxury watches, which have waiting lists of up to 18 months. Daddario, known for her roles in "Baywatch" and "Percy Jackson," recently discussed aging and her YouTube series in an interview.