America’s Largest Ever High-Street Retail Deal
René Ammann
4. March 2024
Since 2009, the four-story retail space at at the southeast corner of Fifth Avenue and 56th Street (at 717 Fifth Avenue) has been occupied by the Armani store designed by Doriana and Massimiliano Fuksas. Will it give way to one of Kering's “Houses”? (Photo: John Hill/World-Architects)
Price paid in January for the multi-level, 115,000-square-foot (10,700 m2) retail space at 715-717 Fifth Avenue by Kering, which owns the Gucci fashion house: $963 million (€885m)