Former top designer at Coach starts his own label in a newly lease space in Chelsea.
Krakoff will pay rents in the low-$50s per square foot for the entire eighth and ninth floors and part of the fourth floor, according to CompStak data provided to The Real Deal. Newmark Grubb Knight Frank’s Jared Horowitz represented Krakoff, the New York Post reported, while the landlord Brickman Associates was represented in-house by Paul Kotcher. The asking rent was $59 per square foot, according to the newspaper. [NYP] –Hiten Samtani