Coach Grants $15 Million to New York Fashion Week’s New Home

In Industry News, What's New by Accessories Staff

Rendering of South Tower complex, Coach's future home, at the Hudson Yards, Manhattan

Rendering of South Tower complex, Coach’s future home, at the Hudson Yards, Manhattan

New York—Granted many of the attendees to the Fashion Group International’s Night of Stars gala on Tuesday were probably most anxious to see what kind of antics Miley Cyrus might get into as she presented the Superstar Award to Marc Jacobs and Robert Duffy.

Cyrus was on her best behavior (read: no twerking) and another singer, the legendary Aretha Franklin actually showed up to serenade Jacobs and Duffy with her hit “Respect.”

But the biggest round of respect for the night surely must have gone to Lew Frankfort, chairman/ceo of Coach, who picked up his corporate leadership award from Mayor Michael Bloomberg. Frankfort took the opportunity to announce some major New York fashion news.

A Permanent Home for NY Fashion Week

Coach, which plans to move into a 600,000-square-foot space at the Hudson Yards’ South Tower, will be donating $15 million to Hudson Yards for New York Fashion Week, which will eventually be housed there.

“He’s helping usher in an incredible future for the West Side of Manhattan,” said Bloomgerg. “It will soon be the home of New York Fashion Week. It’s the first time fashion week is really going to have a home.”

New York Fashion Week, which had been at Bryant Park, moved to Lincoln Center in 2013. No official dates for the move and the first shows there have been released yet.

The move of Fashion Week to Hudson Yards gives outgoing Mayor Bloomberg another feather in his hat for his signature project, Hudson Yards.

Billed as the next Rockefeller Center, Hudson Yards, is a 28-acre site that will transform into a neighborhood and cultural center, comprising more than 9 million square feet of state-of-the-art commercial space, 750,000 square feet of retail space, 5,000 residences, a new public school, a cultural center, a luxury hotel, a health club, a direct connection to the No. 7 Subway and 14-acres of new public space with connections to the celebrated High Line and the new Hudson Park and Boulevard–a sweeping 4-acre thoroughfare running north from West 33rd Street to Times Square.

Coach will move into the LEED Gold South Tower, a 52-story, 1.7-million square foot building at the corner of 30th Street and 10th Avenue that will tower over the new High Line extension. Besides Coach, other tenants include L’Oréal USA SAP and Fairway. The building is expected to be completed in 2015.