From apothecaries to Apple cubes, David LaPierre sows seeds for retail ...

By Liana Grey

Not long after David LaPierre joined CB Richard Ellis, back when the firm was known as Edward S. Gordon, he inked a deal on Spring Street for Caswell and Massey, a 260-year-old apothecary that claims to have sold cologne to George Washington.

Nearly 20 years later, he finds himself in midtown mulling ideas for what could be one of the most ultra-modern retail sites in the city. LaPierre has begun courting tenants for the mixed-use complex now under construction on 57th Street between Park and Madison Avenues, at the site of the now-demolished Drake Hotel.

CIM Group — which bought the coveted site from Harry Macklowe last January — has been tight lipped about plans for the site, although Macklowe told guests at a Massey Knakal real estate symposium last month it would be a “monumental building” and “as much of an icon as the Apple cube,” that he welcomed to the General Motors Building when he owned it.

LaPierre predicts 57th Street is ripe for the arrival of high-end electronics brands and said, “I can see Apple deciding it needs to off-load volume on Fifth Avenue with a creative flagship.”

Under current plans for the 200,000 s/f Drake project, which is slated for completion in 2015, Apple would have the artistic license to design its own storefront, were it to so choose. “We’ll let people create a façade,” LaPierre said, adding that talks are in the early stages with clothiers, jewelry boutiques, and other upscale retailers that have traditionally been attracted to the block.

At Milford Plaza, a hotel on Eighth Avenue between 44th and 45th Streets with 30,000 s/f of vacant retail space, which has already undergone a thorough makeover, LaPierre expects to deliver tenants “within the year.” He said, “Milford completely refaced the building.” He has spoken with “cool apparel-type brands” and service-oriented retailers, all hoping to capitalize on the building’s location in what promises to be the Big Apple’s next hot retail corridor, within the shadow of Times Square and 40% of the city’s theaters.

But don’t expect an Eataly II to sign a lease. “There’s been a lack of interest from food businesses,” LaPierre noted.

LaPierre recalled a lengthy campaign working with celebrity chef Mario Batali checking out sites for the Italian food emporium when it first began scouting for its first US outpost. Batali and his business partner, Joe Bastianich, quickly ruled out anything above 23rd Street.

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From apothecaries to Apple cubes, David LaPierre sows seeds for retail ...
From apothecaries to Apple cubes, David LaPierre sows seeds for retail ...

At the time, the space seemed more suited for a national chain like TJ Maxx, LaPierre said. “You guys don't know it, but you need each other,” LaPierre recalled thinking, when negotiations turned particularly tense. “It took me a long time to get their



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Some of the notables in the field included Dennis Phillips, Bruce Buffer, TJ Cloutier, Thor Hansen, Amarillo Slim Preston, Berry Johnston, Dr. Max Stern, Susie Isaacs, Paul Magriel, and ESPN's Lon McEachern. By the end of the day, the field had been



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gaynycdad: Fashion Fridays! TJMaxx and Marshalls - The Best ...

"Marshalls and T.J.Maxx, the nation’s leading off-price retailers, sell first-quality, designer and top brand name merchandise for the entire family and home at substantially lower prices than department and specialty stores, every day. Opportunistic buying is what differentiates off-price retailers from the competition. Marshalls and T.J.Maxx’s buyers are the ultimate treasure hunters – continuously searching the globe for amazing deals to bring back to their stores." We have been loyal followers for years. My spouse wears $1500 suits (no, of course we never pay that price!) and always finds his dress shirts at Marshalls and TJMaxx. Every chance he gets he has us stop off at the Staten Island outlet on the way to the in-laws. My son and I know we are in for the long haul so we usually just hang out at the fast food restaurant next door. My spouse could spend hours searching the racks for tie bargains. And again, he only wears European designer ties so he is happy to search as long as it takes because even though he is the one with the job, I control the purse strings! Ha! I on the other hand am the first to tell my city friends the best kept secret in NYC for shopping for toys for birthday gifts is to go to our local retail center on 6th Avenue to buy toys at TJMaxx! And, they threw out the other store in that same building's basement and put in a Marshalls a few months ago! I now have 2 stores in the same building to shop. And you know I go into both on every visit. Why? Because I have even found Lego products there! And if it is TJMaxx and Marshalls, we are talking Legos at a minimum of 50% off. I have to admit I am a bit of a toy shopaholic and if you are going to put me in a store with all toys at least 50% off, look out! On my last visit I stocked up on water guns in anticipation of the summer sprinkler trips in our neighborhood. The next shopping hint I have for you is this. As good as an off price shop like TJMaxx and Marshalls are, when the season is over they can offer even better bargains! That is when this savvy shopper buys pants. I have plenty of course, but when thye discount my slacks even further I stock up. And of course I do the same for my son. As quick as that bruiser is growing (he is about to turn 8 and just today moved into size 12 pants! He is stocky, not chubby!), I am always shopping ahead for him at least a few sizes. And when I shop like this I can afford to stock up for him!


Nearest Tj Max Store - Bookshelf

Ebony

Ebony

EN: Buying your suit at an off-price store like TJ. Maxx. Out: Paying full price for the same suit! For the nearest TJ. Maxx store call: 1-800-2TJ-MAXX. ...

Glamour

Glamour

For the store nearest you, call 1.800.2TJ.MAXX or visit www.tjmaxx.com. TJ Maxx. You should go. ENTER TO WIN TREAT YOURSELF TO AN EVENING OF GLAMOUR ON ...

Indianapolis Monthly

Indianapolis Monthly

Earn a 5% bonus on TJ.Maxx purchases made with the TJX' Visa" Card issued by People's Bank, CT. Apply today at your nearest store to start earning rewards. ...

Los Angeles Magazine

Los Angeles Magazine

SEE WHAT'S NEW THIS WEEK* Call 1-800-2TJ-MAXX for the store nearest you. Styles may vary by store. Earn a 5% bonus on TJMaxx purchases made with the TJX" ...

Indianapolis Monthly

Indianapolis Monthly

SEE WHAT'S NEW THIS WEEK8 Call 1-800-2TJ-MAXX for the store nearest you. Styles may vary by store. Earn a 5% bonus on TJ.Maxx purchases made with the TJX' ...

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