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Louis Vuitton will spend $13 million to demolish its flagship store in Manhattan


ForumDaily New York

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French handbag giant Louis Vuitton's chic Manhattan store will be demolished and rebuilt. This ultra-luxury retailer will get a brand new building, reports NewYotkPost.

Based in Paris Louis Vuitton, LVMH Moët Hennessy Louis Vuitton is the world's largest luxury goods company and the parent company of 74 other brands, including Givenchy and Fendi. She submitted an application on June 7 to be allowed to demolish shop at 1 E. 57th St.

The petition outlines plans to demolish the 20-story building located between Fifth Avenue and Madison and build a new one in its place.

“Something new and important”

As stated in the document, demolition is expected to cost $13 million. No permits have yet been received for the construction of the new building. It is also unclear what the new building will look like and how big it will be.

On the subject: Twenty chic places for an unforgettable shopping experience in New York

Plans to demolish the current glass-fronted store have been in the works since at least last year.

“They saw what Rolex was doing at 665 Fifth Ave and wanted to create something just as new and important,” the anonymous source said, referring to the new Rolex space then under construction on East 53rd Street.

There are suggestions that LVMH, in addition to renovating the store and offices, could build a Soho House-like club, an eatery and possibly a health center in the new building.

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