Exclusive | Luxury Luxury Creator Audemars Piguet Opening Giant NYC Store at Iconic Address of Avenue Avenue

After 50 years as a faceless banking branch, it is time for the precious corner space on the first floor of 785 ave. Fifth. To finally welcome a luxury guard of luxury retail Audemars Piguet, who signed a rental for all, about 12,000 square corners on the 60th road.

The narrow form with windows, the Citibank branch was set for capture through Newmark brokerage by the co-op board of the building in late 2023. The luxury address known as the Cinq parce is the home of the “Universe Masters” such as Hollywood Mogul David Geffen, who, as Page Six Report. Neighbors paying a wide lobby redesign four years ago.

The new rent extends the first shopping corridor on Avenue a full block in the north. Audemars Piguet will share the block with the Sherry-Verland Hotel and Ciprian Flag Restaurant.

The rent required for the two -level space was $ 4.8 million a year, according to sources.

The previous tight bank windows have been replaced with large windows, of square-freely buyers.
The changes, which demanded the blessing of the Views Conservation Commission because the building stands in a historical circle, were facilitated by Sunday’s development, a counseling and development firm that works with what founder John Lavalley calls “unusual owners” such as co-op corporations.

“They brought us to the redevelopment” of the fifth retail space 785, he said. The challenges involved taking the board to invest in changes before the tenant was found and teased retailers for a “forgotten corner of Avenue Fifth” a block north of Dior and Apple stores in the GM building.

Lavalley said the Board, advised by Newmark, “rejected many low offers from people who really didn’t get it” – means the value of a unique Avenue Location never before used for the minority.

“Jeff was really a bull” in finding a suitable tenant, Lavalley told Jeffrey Roseman of Newmark who led the building’s renting team along with Caleb Petersen and Drew Weiss. No one returned.

The Board chose Audemars Piguet because “it best matched the area and increased the history of the building,” Lavalley said.

Audemars Piguet currently has a small boutique on Eastern 57 Street in Manhattan. The company is expanding around the world with large countries, performances in cities such as Paris and Milan.

Audemars Piguet was reped by Jonathan Schley of CBre and by Chris Decrosta i GoodSpace.