Coach to occupy one third of new NY tower
US leathergoods brand Coach is to buy more than 55,700 square metres in the first tower of the Hudson Yards site, part of a proposed mixed-use project.
Coach will occupy the bottom third of a tower, to be on 30th Street and 10th Avenue. The tower is part of a proposed large-scale complex, encompassing a second tower and a seven-story retail space, that would stretch over several blocks, between 30th and 33rd Streets and 10th and 11th Avenues. Construction of the initial tower is expected to begin in 2012 and to be completed by 2015.
Coach’s chief executive officer, Lew Frankfort, said the company would relocate its corporate headquarters and 1,500 employees from its current offices along 34th Street to the new building. Although the site will not be a manufacturing centre, the staff there will include artisans who make Coach’s samples, prototypes and limited edition products.
Christine C. Quinn, the speaker of the City Council, praised Coach for the decision to move to Hudson Yards. “Finally, we’re going to give you a building as nice as your pocketbooks,” she said.
