I know this is an old thread, but I don't see anything newer and I do think think this shoe is worthy of some info in the forum.
I was looking for a Park Ave alternative since I'm not a great fit in the AE 65 last. There is a J&M store in the same mall as the AE store nearby, so after doing a bit of research I decided to stop in and see the Georgetown II in person. They are one of the only Made in the US shoes left from the brand, and there are not too many alternatives of equal quality that are accessible without going online.
For me, the fit was nearly perfect out of the box. My big toe seemed to rub the top of one of the shoes, but after only one or two afternoons wearing at home this went away (probably with a little breaking in of the insole).
You can immediately tell that this is a serious shoe. Extremely sturdy, well built goodyear welted oxford. The leather seems of very good quality, on par with AE and others of this price point, and a bit softer than Park Ave's right out of the box so less break-in needed potentially.
The toe is very slightly squared off looking compared to the Park Ave, but the last itself comes off more sleek then then more rounded toe PA... yet not as sleek as the English shoes i have from Loake on the Capital last. The Cap Toe itself is a bit further back then the PA as well, which means it's in a more traditional place which I like.
No discount on this model at J&M, and I haven't seen one pop up since.. so it's a $375 purchase. Retail pricing on par with others, but you can probably find a better deal with a coupon code or sale on a different brand. If all things were equal and you had to pay full price though, these would hold their own I believe... though time will tell!
Some pics (after a couple days of wear, sorry!):
Edited by SimplyStylin - 7/19/15 at 3:25pm