The Giorgio Armani Residences at 760 Madison Ave. have sold out all 10 condos since launching less than a year ago, including a $32.5 million penthouse that recently went into contract.
The luxury retail resurgence on Madison Avenue is revitalizing the shopping district, with new flagship stores, like IWC Schaffhausen and Boucheron, drawing affluent consumers back.
The new five-star Corinthia hotel, the Surrey, opening at 76th Street, aims to compete with iconic hotels by providing high-end dining and ultra-exclusive residences, echoing its historic roots.
Megadevelopers are reinvigorating Madison Avenue with ambitious projects, such as the luxury condo-hotel tower at 58th Street and a $195 million financed 22-unit condo project at 83rd.
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