Luxury French fashion house Yves Saint Laurent will open a new store in 717 Fifth Avenuea new report revealed.
According to the market report released by CBREat dry-owned fashion house, once known as YSL for its founder, the late Yves Saint Laurent, will open in nearly 9,600 square feet on the grounds of the former Corning Glass Building located on the east side of 56th Street from Trump Tower.
Saint Laurent is now on 3. Jalan Timur 57which opened in 2003. The store expanded to 14,071 square feet and was renovated in 2015.
According to property records, the original lease on East 57th Street expires in 2022 and does not have a renewal option. Because the fashion retailer is still there, the company may sign a five-year extension during the pandemic, which will take place in October 2027. The building is managed by Bookbinder & Warrenwho did not immediately respond to a request for comment.
dry buy four floors below at 717 Fifth Avenue in January 2024 for $963 million from Jeff Sutton‘s Wharton Properties and SL Green Realty. The condominium has approximately 110,000 square feet comprising three retail floors and one office floor. Most retail is occupied by Dolce & Gabbana and Armani.
In December 2025, facing financial pressure, Kering sold 60 percent of its shares to a large French private equity investment firm, Ardianrevaluing the commercial condominium for $ 900 million $7,830 per square foot, but gave Kering a cash boost of $690 million.
It is expected that at that time Kering will start to bring his own brand under the roof. Along with Saint Laurent, Dry included Gucci, Balenciaga, Bottega Veneta, McQueen, Brioni plus Boucheron, pomelato, Dodo, definition, Ginori 1735 also Dry Glasses.
Gucci is located across the street from Trump Tower and it is unclear whether it will extend its lease of about 50,000 square feet, which was renegotiated during the COVID-19 crisis with a lease reduction and extension beyond 2026, possibly until 2031.
Any big build for Gucci at 717 Fifth, for example, would take at least a year or two.
Saint Laurent also has a store there 73 Gansevoort Street in the Meatpacking District and so on 80 Green Street in SoHo. Branded clothing is also sold at Bloomingdale’s and Saks.
YSL was founded in 1961 when couturier Yves Saint Laurent focused on creating clothes that would “liberate women.” The brand became part of Kering in 1999. Saint Laurent died in 2008.
A YSL media representative did not respond to a request for comment on the store move. Spokesperson for Ardian and CBRE also did not immediately respond to requests for comment.