Printemps to Open First US Location in March
Luxury Department Store to Debut at One Wall Street
Printemps, the French luxury department store, will open its first US location in March at One Wall Street, developer Harry Macklowe announced. This eagerly awaited launch is expected to be the most momentous debut in the retail-deprived Financial District (FiDi) neighborhood.
A New Era for FiDi Retail
The 55,000-plus square-foot fashion emporium will be located on Broadway between Wall and Pine streets. Shoppers will have access to two selling floors through the tower’s restored Red Room, a dramatic space that was designated an interior landmark by the city this year. The public will finally have the opportunity to experience this stunning space, which was previously off-limits.
Will It Boost Apartment Sales?
Developer Harry Macklowe is confident about the project’s success, stating, "We couldn’t be happier with sales." However, only 113 of the 566 units have been sold to date, with the latest closing recorded on November 29 for unit 715 at $965,000. Macklowe remains optimistic, but it remains to be seen whether the arrival of Printemps will help to boost apartment sales.
Conclusion
The opening of Printemps at One Wall Street is a significant development for the FiDi neighborhood, offering a unique shopping experience for residents and visitors alike. While it remains to be seen whether it will have a direct impact on apartment sales, it is clear that the project is a major milestone for the area.
Frequently Asked Questions
Q: When will Printemps open its first US location?
A: Printemps will open its first US location in March at One Wall Street.
Q: Where will the Printemps store be located?
A: The store will be located on Broadway between Wall and Pine streets in the Financial District.
Q: Will the store have multiple floors?
A: Yes, the store will have two selling floors, accessible through the restored Red Room.
Q: Will the arrival of Printemps boost apartment sales at One Wall Street?
A: While developer Harry Macklowe is confident about the project’s success, only time will tell whether the arrival of Printemps will have a direct impact on apartment sales.
