Originally Posted by johanm
I'm aware of the wealth in Tribeca. It's a very nice neighborhood. It's just less densely populated than the other neighborhoods, has relatively less rental property, and generally appeals to older people. It's also not a shopping destination or somewhere people hang out on weekend afternoons, nor is 168 Duane in the middle of a business district. There's a reason why it's not a popular location for trendy high end clothes stores.
I think it's a smart locale for all the reasons mentioned, plus the parking. A trendy store like the Armory is a destination in itself, imo. Stores like that don't depend on random foot traffic or population density. It's word of mouth and a specific clientele generated via buzz. Looks at whats happening right now, we're talking about the store opening and they've yet to finalize or advertise in any way.
I work on the corner of Broadway and Prince (Soho) and often have lunch @ one of the million cafe's on Mercer, etc. Most folks I observe shopping at the super high end luxury boutiques arrive by car, very very few walk in off the street, and if they do, they usually don't buy. Just my opinion of course. But being I Tribecian, I am of course biased.