Timothy Oulton, the innovative 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, the original home of Lord & Taylor. 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 $1 million showroom.
Timothy Oulton has 45 retail galleries worldwide, including a showroom at the New York Design Center at 200 Lexington Avenue in Manhattan, and locations in Connecticut; Miami, Florida and Los Angeles and San Francisco, California. 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,” said 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.”
The 10-year lease terms include rent in excess of $80 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 $1 million construction project will revitalize this currently vacant retail space to attract buyers to this vibrant neighborhood at the time when the retail industry is beginning to recover in Manhattan and nationally,” explained McAlpine Vice President John Nolan. “The completion of construction is expected in late summer.”
“The renovation and build-out will provide a fresh new look for the ground floor retail space within this important historic building,” added McAlpine Director of Construction Administration Adrian Vasile. “Due to the historical significance of the structure, the McAlpine team has prepared design and construction documents for filing the project for approval by the New York City Landmarks Preservation Commission, in addition to the standard filing procedures with the NYC Department of Buildings and other local public agencies.”