Forgoing fabulous on Fifth

From the October issue: Fifth Avenue in the 40s is in retail flux. Nearly a dozen spaces on the 10-block stretch are vacant or on the market, including the former Circuit City store and the former indoor mall at 575 Fifth Avenue and 47th Street. Meanwhile, new tenants like LittleMissMatched, the upscale children's apparel store, have recently entered the area. The strip includes the gateway to the Diamond District, along with the eastern edge of Rockefeller Center, and is dotted with camera and souvenir shops, as well as low-end food merchants. It has long been the dowdy stepsister to Fifth Avenue in the 50s, which is lined with tony tenants such as Saks Fifth Avenue, Tiffany and Bergdorf Goodman. But in recent years, the stretch started attracting higher-end retail tenants, such as American Girl Place, Build-A-Bear and Aldo, the shoe store. In fact, many expected it to keep getting fancier.

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