British handcrafted furnishings designer and retailer Timothy Oulton leases 7,170 sq ft Manhattan retail space
Timothy Oulton, a British furniture brand known for its 'subversive take' on luxury, has signed a lease for a 7,170-square foot retail space at 901 Broadway at 20th Street, in New York City’s popular Flatiron District.
The new location will serve as the brand’s East Coast flagship location and the largest and most important retail presence in the region. McAlpine Contracting will build the new showroom.
Timothy Oulton has an international presence, with 45 retail galleries worldwide. In addition to the newly leased location, the brand currently operates seven stores in the United States, including at the New York Design Center at 200 Lexington Avenue in Manhattan, as well as in Connecticut, Miami, Los Angeles and San Francisco. The brand’s roots date back to 1976 when Tim Oulton’s father opened an antiques shop in Manchester, England. Tim later took over the business, refocusing on epic product design inspired by the past, yet relevant for modern lifestyles. Today, Timothy Oulton is a world leader and innovator in the design, production and distribution of luxury furniture and home décor accessories.
“We opened one of our first galleries in New York City back in 2009 because I considered New York one of the great, if not the greatest, of the world’s cities. It’s a global epicenter of great design, so I’m excited to be reopening here,” says Founder and Creative Director Tim Oulton. “We recently opened new stores in Downtown Los Angeles and Miami, but New York is extra special and complements openings in other prominent gateway cities elsewhere in the world,” he adds.
The 10-year lease terms include rent in excess of USD80 per square foot. London-based Paddy McCormack + Co. served as a retail real estate advisor and New York City-based Robin Abrams from Compass represented Timothy Oulton. David Graff from Compass represented the landlord, Karass Broadway.
Timothy Oulton’s in-house design team has developed the concept for the new flagship store. New York City-based McAlpine Contracting will build the new retail gallery. “This USD1 million construction project will revitalise this currently vacant retail space to attract buyers to this vibrant neighbourhood at the time when the retail industry is beginning to recover in Manhattan and nationally. The completion of construction is expected in late summer,” says McAlpine Vice President John Nolan.