Makeover on Fifth Avenue: Lord&Taylor's Redefining Facelift

The approach of a new year summons plans for resolutions, reinventions, even Lord & Taylor got a head start. The recent $25 million makeover of the 184-year old Manhattan flagship store on Fifth Avenue ushers in a brand new look for the store. And the store is already beginning to see its return on investment, gushed Dominick Ponti, senior vice president of store planning for the department store, and David Clements, general manager of the Fifth Avenue flagship. The two offered a presentation this week on the revamp at the Women In Real Estate Special Interest Group during the International Council of Shopping Centers' New York National Conference. Faith Hope Consolo, Chairman of the Retail Leasing and Sales Division of real estate firm Prudential Douglas Elliman, hosted the event.