This ultra-luxury retailer is getting a brand new building.
A long-in-the-works plan to demolish the existing Midtown flagship of French handbag giant Louis Vuitton is finally coming to fruition.
Louis Vuitton’s Paris-based parent company, LVMH Moët Hennessy Louis Vuitton — the biggest luxury goods company in the world, and parent company to 74 other brands, including Givenchy and Fendi — has filed permits to raze the 1 E. 57th St. store, according to Crain’s.
The permits, which were filed on June 7, lay out plans to demolish the 20-story structure, located between Fifth and Madison avenues, and build a new one in its place.
The demolition is anticipated to cost $13 million, the permit says. No construction permits have yet been filed for the replacement building, and it’s unclear what the new structure will look like — or how large it will be.
The plans to destroy the current, glassy-fronted shop front have been in the works since at least last year, when The Post reported that LVMH was already interviewing “starchitects” and hosting a “beauty contest” to determine the design for its upcoming flagship Louis Vuitton retail and office address.
“They saw what Rolex is doing at 665 Fifth Ave. and want to create something just as new and important,” an anonymous source told The Post, referring to the new Rolex space then underway on East 53rd Street.
At the time, air rights consultant M. Myers Mermel of Tenantwise suggested that LVMH might, in addition to reconstructing a store and offices, also build a Soho House-like club, eatery and potentially a wellness retreat in the new building.
In addition to the building renewal at 1 E. 57th St., LVMH has also reportedly signed a 7-year lease nearby, at 6 E. 57th Street, according to Crain’s. Tiffany & Co. currently inhabits the address, a Trump Organization building.
