The Brooklyn Navy Yard could be fashion’s next big thing. Twenty-three-year-old luxury fashion brand Lafayette 148 moved its headquarters from NYC’s SoHo neighborhood to a single floor of Brooklyn Navy Yard’s Building 77 in August. The location has already spelled cost savings allowing for several growth opportunities, not to mention improved inter-department communication.
According to Deirdre Quinn, CEO and co-founder of Lafayette 148, the company is pocketing two-thirds of the rent paid while at its namesake address (148 Lafayette). At the time, NYC operations were stretched across seven floors, as well as a separate SoHo warehouse and an 80,000-square-foot space in the Brooklyn Army Terminal. It’s been busy putting that money to use, opening two stores since late last year, at Tysons Gallery in McLean, Virginia and South Coast Plaza in Costa Mesa, California. Plans are underway for a sixth U.S. location, set to open this fall on NYC’s Madison Avenue.
