The Financial District has officially become the hottest and most desirable neighborhood in New York City with the grand opening of the world-class Brookfield Place, the iconic Nobu restaurant’s highly anticipated relocation to 195 Broadway, and the move for many top companies such as Conde-Naste and Legend Hospitality Group to  One World Trade Center. It only makes sense  that Saks Fifth Avenue has chosen FiDi as the prime location for its first downtown store in Manhattan, with plans to open sometime in mid to late 2016.

Here’s why we at Platinum Properties, a luxury real estate agency located at the heart of Wall Street, are excited for the newest addition to our neighborhood.

Saks Fifth Avenue is a long-standing, top destination for luxury retail in Manhattan…


Saks Fifth Avenue was founded in 1924 by Horace Saks and Bernard Gimbel who wanted to create a “dream store” that epitomized fashionable, gracious living. More than 90 years later, Saks has become a world-renowned retailer and international fashion authority offering the finest assortment of designer apparel, handbags, shoes, jewelry, cosmetics, and gifts.

…but this Saks will offer a downtown spin on the Midtown classic.

Saks Fifth Avenue president Marigay McKee says the vibe of the upcoming location is “more about being a concept store…and less about shops with big brand logos. It’s more of a designer and contemporary edit.” The new store will cater to the FiDi crowd, with a cooler, edgier feel and a heavy push on shoes, denim, and menswear. Saks is also planning to unveil some modern, efficient shopping tools that will make its clientele’s experience quicker and easier, such as in-store technology and express tailoring.

Saks’ planned location in Brookfield Place puts it at the heart of the FiDi shopping scene.

Brookfield Place is redefining what it means to shop downtown. With brands like Michael Kors, Tory Burch, and Gucci; restaurants such as Umami Burger, Dig Inn, and the French version of Eataly known as Le District; as well as the sleek, modern architecture that reflects the chic, forward-moving FiDi locals, Brookfield Place has created an utterly unique shopping experience. The 55,000 square feet in the luxury mall leased to Saks Fifth Avenue will only enhance what is already a world-class retail haven.

But wait—there’s more! A Saks OFF 5TH is opening soon, too.

Saks Fifth Avenue OFF 5TH is among the most successful discount retailers in the country. A new location is coming to FiDi at One Liberty Plaza. The new outlet store will make the same luxury and designer products available at sale and bargain prices, creating a more affordable alternative to the Saks Fifth Avenue at Brookfield Place. Located only steps  away from its more expensive counterpart and right by One World Trade Center, this new Saks OFF 5TH is bound to attract both local residents and tourists alike.

So what does all this mean?

It means that the Financial District isn’t just home to the world’s biggest corporations anymore. The area’s continuous growth is turning it into the destination for the best shopping, dining, and leisure experiences in Manhattan. FiDi could be home to you by simply connecting with an expert Platinum Properties agent. We live and work in FiDi so we know exactly where you want to be.

Christina Mattow