New York’s 57th Street is beginning to reshape as luxury retailers solidify their presence while other upscale brands look for real estate, expanding the footprint of the retail hub as it stretches out between the east and west. Shawmut CEO Les Hiscoe shared his predictions with WWD, forecasting that 57th Street will begin to fill in more over the next five years, with rents on the West Side cheaper than those on Fifth Avenue or on 57th between Fifth and Madison Avenue.

Continue to WWD’s article: 57th Street in Transition as Nordstrom, Chanel, Zegna Put Stakes in the Ground [subscription required]