CHELSEA — Chic department store Barneys New York will return to its original Chelsea location at West 17th Street and Seventh Avenue, 17 years after leaving it, the company announced Thursday.
Barneys will take five floors and 57,00 square feet in the spot, which is currently home to a Loehmann's discount store, which is closing. The building also houses the Rubin Museum of Art, which will not be affected.
“Today's announcement represents the realization of our long-standing goal of returning to downtown with a substantial location," Barneys CEO Mark Lee said in a statement. "The opportunity to revitalize our presence with a state-of-the-art store on the same street where the company served customers for 75 years only enhances that plan."
Barneys first opened in Chelsea in 1923. It grew in the Seventh Avenue spot until closing in 1997, four years after the store moved its flagship to Madison Avenue. The revamped Chelsea location is expected to open by 2017.