The prior luxury retailers at the building have st (Score -1, Offtopic)

The asking rent for the three-level retail space at 3 West 57th Street, is between $400,000 and $450,000 per month, according to retail sources, for 4,000 square feet on the ground floor, 3,700 square feet for the lower level and 3,400 square feet for the second floor. That would equate to about $1,200 per foot to $1,350 per foot on the ground floor. Patrick Breslin, an executive vice president for global retail at commercial firm Studley, said although that price is higher than most retail rents in Manhattan, Louis Vuitton Outlet it’s a good value for space just feet from Upper Fifth Avenue, where Cushman & Wakefield shows asking rents reaching $2,388 per foot at the end of 2011. “It’s proven a really good deal for [luxury] retailers,” he said, who want to remain near their under-construction high-rent stores. If they don’t open a close-by store, retailers can “lose an enormous amount of cash flow. For the short term, the solution of the pop-up has become a friend to retailers and landlords.” In 2010, Louis Vuitton, which owns its flagship store at 1 East 57th Street, bought the neighboring building at 743 Fifth Avenue, where retailer Gilan Jewelry had been located. Louis Vuitton, owned by Paris-based LVMH, is currently quietly demolishing 743 Fifth Avenue, and plans to expand the larger building into that space, according to insiders and city Department of Buildings records. For some portion of that time, the flagship store will need to relocate at least some of its retail to 3 West 57th Street, sources said.