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.