French Luxury Department Store Printemps to Open First US Location in March at One Wall Street
Printemps, the renowned French luxury department store, is set to make its debut in the United States in March, according to developer Harry Macklowe. This highly anticipated opening, previously slated for the spring, is expected to be a groundbreaking event for the retail-starved Financial District (FiDi) neighborhood.
The arrival of Printemps at One Wall Street is not only significant for the area but also for Macklowe’s ambitious project to convert the historic Irving Trust tower into a mix of offices and luxury condominiums. The addition of a 55,000-plus square-foot fashion emporium on Broadway, nestled between Wall and Pine streets, will undoubtedly enhance the allure of the neighborhood for residents and shoppers alike.
Shoppers visiting the store will have access to two selling floors through the tower’s restored Red Room, a stunning space that was recently designated an interior landmark by the city. This area, previously off-limits to the public, will now offer a unique and memorable shopping experience for visitors.
While the retail opening is generating excitement, questions remain about the impact on apartment sales within the building. Recent reports indicated that only 112 out of 566 units had been sold thus far. However, a recent closing on unit 715 for $965,000 brought the total number of sales to 113, suggesting a potential uptick in interest.
Despite some skepticism, Macklowe remains optimistic about the project’s success. In response to critical headlines, he expressed confidence in the sales performance, stating, “We couldn’t be happier with sales.” This positive outlook bodes well for the future of One Wall Street and the surrounding neighborhood.
As the countdown to the grand opening of Printemps continues, all eyes are on FiDi, eagerly anticipating the arrival of this iconic French retailer on American soil. Stay tuned for more updates on this exciting development.
