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adison Avenue's storefronts have made a remarkable recovery from the pandemic-induced devastation. Luxury retailers are now thriving in the area, injecting new life into this iconic shopping district.
High-end brands like IWC Schaffhausen and Boucheron have recently opened flagship stores on Madison Avenue, while other luxury players are capitalizing on the area's resurgence. The Giorgio Armani Residences at 760 Madison Ave sold out its 10 condos in July, with a penthouse asking $32.5 million.
The Surrey, a Corinthia Hotel, is set to open this week, offering 14 exclusive condos priced up to $15.95 million. This luxury development boasts a private club and dining by Casa Tua, adding to the area's allure. Nearby, Related is building a 1,200-foot condo-hotel-retail tower at 58th Street.
The Surrey stands out as a game-changer on Madison Avenue. Located near The Carlyle and The Mark, this five-star hotel aims to outdo its neighbors with its unique blend of buzz and high-end amenities. Its ultra-exclusive real estate is already attracting local buyers who see it as a rare opportunity to own a piece of history.
Susan de França of Douglas Elliman has sold half of the Surrey's 14 residences, with four units currently on the market. The priciest unit, 15A, asks $15.95 million and features Calcutta marble and a 27-foot great room. The Surrey is not only boosting real estate but also adding to the area's vibrant nightlife scene.
Residents can enjoy a drink at Casa Tua, followed by a martini at Bemelmans, and end the night with a scotch at The Mark Bar. With prices rising across Madison Avenue, this luxury corridor is experiencing a renaissance that benefits everyone involved.
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