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Article: Changing face of Fifth Avenue redefines 'shopping in style'.
- Article from:
- Real Estate Weekly
- Article date:
- November 15, 2000
- Author:
CopyrightCOPYRIGHT 2000 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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Fifth Avenue from 49th Street north to 57th Street is abuzz with activity, and the zero-vacancy rate underscores that. And far from the theme store evolution that some feared would drive tony retailers away and negatively impact rental rates, the latest incarnation of this renowned area has a decidedly upscale yet affordable feel.
While maintaining its landmark status and exterior, the owners of Rockefeller Center have managed to upgrade the look of the retail tenants on the west side of Fifth Avenue between 49th and 51st Street.
Gone are the airline offices and nondescript retailers. In their place are such high profile tenants as Kenneth Cole, Banana ...