Upscale Clothier Faherty Will Open Upper East Side Flagship
Newmark Retail completed a 4,400-square-foot lease for upscale clothing brand Faherty at 1175 Madison Ave. on Manhattan’s Upper East Side. Vice chairman Ariel Schuster and associate director Jason Wecker represented the building’s co-op-ownership board. Faherty was represented by Michael Leifer and Isabel Solmonson Cohen of Runyon Group, with Trent Merrill and Sarah Schutter, Principals of Triple R Group.
“The signing of Faherty to the Upper East Side continues the trend we’ve been witnessing where retailers are looking to locate closer to where people live due to the vibrant foot traffic and activated streetscapes,” said Wecker. “We believe a stylish, younger brand like Faherty will do great in this hot submarket with its ideal corner location that directly targets their primary customer base.”
The boutique retail space will house the brand’s new flagship location. The space was formerly occupied by Williams Sonoma for approximately 30 years.