Home News Century 21 plans to reopen NYC flagship in downtown Manhattan

Century 21 plans to reopen NYC flagship in downtown Manhattan

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Century 21 is back and is back in Manhattan’s financial district.

A 60-year-old retailer known for discounts on designer goods has announced that he will return to an old bargain opposite the World Trade Center after being forced out of business for two years by September 2020. Bankruptcy filing..

The flagship store, located in the same Art Deco Bank building on 22 Courtland Street, which remained vacant during the pandemic, will reopen in the spring of 2023 after a major refurbishment that will reduce space from half to about 100,000 square feet. increase. According to the WomensWearDaily report.

Century 21, which operated 13 stores in New York, Pennsylvania, Florida and New Jersey, got angry after an insurance company failed to pay during a pandemic.

The bankruptcy filing and subsequent closure shocked the fashion world at the time. It’s a Big Apple facility that attracted locals and tourists and scratched the road after being forced to close for some time from September 11th.

A symbolic department store that filed for bankruptcy protection in September 2020.
Getty Images

“I went shopping there during the lunch break and bumped into executives and former colleagues,” said Jessica Lapin, president of Alliance for Downtown. “Lower Manhattan really missed the store.”

Century 21 has signed a contract with Legend, a hospitality company owned by the Gindy family. Legend has reopened department stores, operating retail and food stores at sports stadiums such as Yankee Stadium. According to WWD, Legend handles logistics, including technology, store operations, and staffing.

The Gindy family bought the Century 21 brand, which went bankrupt in December 2020, for $ 9 million. Plot that return since then. According to WWD, the family has long-term rented a building with about 75 years remaining.

Four members of the Gindy family.
The Gindy family has owned Century 21 for over 60 years.
Getty Images

“Century 21 will continue to be a New York City brand,” CEO Raymond Jindy said in a statement. “I’m no more excited to take Century 21 home and partner with Legend to bring the same products and value to our customers.”

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