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Article: New York: meeting place for fashion, fund and finance.(Mid-Year Review and Forecast)(Industry Overview)
- Article from:
- Real Estate Weekly
- Article date:
- June 26, 1996
- Author:
CopyrightCOPYRIGHT 1996 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The 1990's changed everything about the way we do business. In retail the-ye are really no clear delineations anymore; everything has become so eclectic that taking a walk down Fifth Avenue can be like taking a trip around the world.
In recent years, Fifth Avenue has undergone a complete renaissance. Fifth Avenue still has key fashion addresses, but now the street has mass appeal with something for everyone.
This combination is working very well, and now the street possesses a strong retail spirit.
Mickey, Goofy and Nike are warmly welcomed by the likes of Bendels and Bergdorf.
Uniquely, the corridor changes complexion every ten blocks or so ...