A month after Barneys New York closed all of its stores, a food hall is reportedly in talks to occupy part of the luxury retailer’s former flagship. As first reported by the New York Post, Italian market Eataly is looking at leasing or buying some space at the now-shuttered store at 660 Madison Avenue on the Upper East Side.
Barney’s New York
It’s the end of an era. Once an icon in the luxury fashion world, Barneys New York is officially closing its doors this month. All stores will shutter on Feb. 23, the New York Post reported on Thursday, with 719 employees losing their jobs at the retailer’s flagship location at 660 Madison Avenue, its store in Chelsea at 101 Seventh Avenue, an outlet in Central Valley, and its corporate offices at 575 Fifth Avenue. Barneys California stores in Beverly Hills and San Francisco will also close Feb. 23.
Barneys New York was officially sold for roughly $270 million on Friday after filing for bankruptcy just three months prior. The new owners of the luxury retailer, Authentic Brands Group and B. Riley Financial Inc., will license the Barneys name to other companies and likely close most of its locations across the country. But the store’s beloved flagship location at 660 Madison Avenue will stay open for at least the next year, according to the Real Deal.
Bargain hunters were distraught when Loehmann’s shuttered their NYC locations two years ago. It perhaps hit hardest at their Chelsea location, at the northeast corner of 16th Street and Seventh Avenue. Later that year it was announced that upscale retailer Barney’s would be opening a five-level store in the space, which also happens to be the site where they were founded in 1923, and remained until 2007. Next door, at the southeast corner of Seventh Avenue and 16th Street, also once part of Barney’s downtown flagship, 6sqft has uncovered a rendering showing a modern residential tower with a retail base that may replace the historic Romanesque-style building.