August 14, 2019 – Gregory Gang, Executive Managing Director/Principal, and Sergio Turaev, Associate, of Lee & Associates NYC have negotiated a third-floor, 2,400-square-foot lease at 123 Fifth Avenue, between East 19th and East 20th Streets, for Crystal Design. The company operates two wedding gown and eveningwear brands: Crystal Design and Eva Lendel. Founded in Ukraine in the 1980s, Crystal Design apparel is still manufactured in Europe but is now sold internationally. Currently, their products are available in bridal stores throughout the United States but this retail location will be the first in the country to bear their own name.
“Positioned squarely in the midst of the shopping mecca that is the Flatiron District, 123 Fifth Avenue is a fantastic location for a bridal salon tenant’s introduction to New York City,” says Mr. Gang, whose leasing team represented Crystal Design. “This retail outpost will be ideally positioned for maximum foot traffic on Fifth Avenue and will enjoy business from both tourist and local brides-to-be.”
Surrounding retailers include Sephora, TUMI, RPZL | Hair Extension & Blowout Bar, SoulCycle and Equinox. 123 Fifth Avenue is conveniently located near the F, M, R and W trains as well as numerous bus lines.
The owner, Torkian Group, was represented by Gina Ignatieva of ABH Realty. Crystal Design is expected to take occupancy on August 15, 2019. Asking rent was $53 per square foot.