Real Estate

Roundabout Couture goes direct to 3rd store

Roundabout Couture has signed a lease for its third Manhattan store, this one at 1100 Madison Ave. between 82nd and 83rd streets.

The rent on the 1,040 square-foot space, which is currently occupied by Lumas, is $525 per square foot.

High-end consignment shop Roundabout calls itself the country’s “leading purveyor of luxury resale and discount couture.”

Douglas Elliman Retail Group’s Faith Hope Consolo and Joseph A. Aquino brokered the deal.

Consolo, noting that Roundabout also has boutiques on Madison Avenue at 72nd Street and on Mercer Street in Soho, called the new location “an excellent placement for a retailer that specializes in such revered labels as Chanel, Yves Saint Laurent and Missoni.”

The new Roundabout store will open in March, when Lumas is expected to move to a larger Madison Avenue location.