Sunday, April 12, 2009

Krizia Relocated

Earlier this month we wrote about Krizia closing their doors after 15 years. We are happy to report that the Italian design house did not abandon Madison Avenue but rather moved two blocks uptown to a smaller location.

The smaller revival is just two blocks up on 68th street. The spot housed Moschino in the 90s and most recently Searle. Sources say that prime space, like this, can be had for about $400 sq. ft. Last year, the asking price was about $1000 sq. ft.

The slimmed down version of Krizia doesn't seem as ritzy but in this economy it may be a smart move. After all, we can't remember the last time we saw anyone else in the store.


Unknown said...

I know! I have never seen anyone in that store or carrying a Krizia shopping bag. But I guess someone in NYC must be buying the stuff.

TCho said...

The new Krizia branch in Meatpacking district never opened, it seems (was supposed to be next to DVF and across from Jeffrey).

And apparently Krizia is being sued by Vornado for abandoning its lease.