Two Boutiques Merging, Opening "The New Teddy" at 202 5th Avenue
Thursday, September 19, 2024 at 8:18AM 
202 Fifth Avenue, located right near the corner of Union Street next to 200 5th, has been empty for years, since a dry cleaner moved out. The space was gutted and put on the market last year, and a new tenant has finally been lined up for the space, two in fact.
Local boutiques Teddy (which is on Fifth between Park and Prospect) and Lucia (on Fifth between 1st and Garfield), are closing up shop and merging into the space. Both specialize in women's clothing, so the merger actually makes a lot of sense. There are many, many boutiques selling women's clothing in the North Slope, and with rents constantly increasing I'm surprised that more haven't either shut down or merged.
It makes even more sense when you learn that both are owned by Lucy Dalton, according to Park Slope Stoop, and have multiple locations in the city: Lucia is also located in Carroll Gardens, and Teddy has locations in Cobble Hill, Upper East Side, and the Upper West Side. It looks like Dalton will also be debuting a custom jewelry line in the new shop.
No word yet on what will replace the two now-vacant storefronts.
Coming Soon in Storefronts
Reader Comments (2)
Their selection is pretty similar and this location will probably offer a ton more foot traffic than either of the others. A win/win for sure here.
I wish people would stop ignorantly stating that every retail business rises and falls based on the rent.
There are many (independent) boutiques in Manhattan, upscale towns, malls and shopping centers across the country that pay as high or even much higher rent than 5th Ave in PS Brooklyn. Because everyone hates them a Landlord there is a desire to pin every closing (and unwanted opening) on the rent. It is silly, and most importantly not accurate or borne out by common sense (or vision)