Madison Avenue's New Store Report Released for the 1st Half of 2023
NEW YORK, Aug. 2, 2023 /PRNewswire-PRWeb/ -- "Truly historic investments on Madison Avenue headline our first half report for 2023, led by the announcement that Sotheby's will make the Breuer Building at 945 Madison Avenue its new global headquarters," said Matthew Bauer, President of the Madison Avenue B.I.D. "This marks the ascendancy of Madison Avenue as one of the world's most significant destinations for the sale of fine art, a note punctuated by the opening of the stunning LGDR gallery in April."
- Ten Shops, Restaurants, Galleries & Spas Opened on Madison Avenue in First Half of 2023; Landmark investments on Madison Avenue from New and Iconic Upper East Side institutions
NEW YORK, Aug. 2, 2023 /PRNewswire-PRWeb/ -- "Truly historic investments on Madison Avenue headline our first half report for 2023, led by the announcement that Sotheby's will make the Breuer Building at 945 Madison Avenue its new global headquarters," said Matthew Bauer, President of the Madison Avenue B.I.D. - Ten boutiques, restaurants and salons opened or expanded on Madison Avenue during the first half of 2023, with four additional boutiques opening in the first few weeks of July.
- As noted by the Real Estate Board of New York in its Spring 2023 Manhattan Retail Report, "Storefront availability along Madison Avenue has also tightened dramatically... Madison Avenue's luxury leasing rally started more than a year ago; some of these stores opened only recently following extensive store buildouts."
- Matthew Bauer, Madison Avenue Business Improvement District, 1 212-861-2055, [email protected] , https://madisonavenuebid.org/