Headlines

Developer Acquires Former Barney’s Site

Future plans point to high-end department store

Published

13 years ago

May 18, 2011

VMSD Staff

Shopping center developer Equity One Inc. (Miami) bought the former New York Barney's flagship, now occupied by discount department store Loehmann’s. The 56,870-sqaure-foot space on West 16th Street was purchased for $55 million.

“I see it as a great growth vehicle for the higher-end department stores that are operating today,” said Peter Ripka, a partner at Ripco Real Estate Corp. and broker on the sale, in a WWD article.

Barney’s left the location in 1993 and Loehmann’s moved into the building in 1996. Loehmann’s lease expects to expire in 2016.

Equity One is currently building the Gallery at Westbury Plaza in Westbury, N.Y., where Nordstrom Rack will be one of its tenants.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design