Opening bell on wall street

This article from CNBC illustrates the constant striving for perfect luxury location. No comments on my part are necessary.


By Julia Boorstin
CNBC

NEW YORK - It’s something businesses have always tried to follow. Go where the money is. But, Wall Street seemed to be an exception. Despite the billions in lower Manhattan, luxury retailers shied away. Until now. Wall Street just isn’t worker bees; it’s power brokers with money to burn and expensive tastes.
Luxury brand dealers are no longer expecting Wall Street to come uptown to them, they’re profiting from moving their Madison Avenue names down to Wall Street. Tiffany and French luxury house Hermes are some of the latest companies announcing new locations, both steps from the New York Stock Exchange. The financial capital’s pin stripes and narrow streets are drawing high-end names with one very important thing – money.
While some of the wealthiest people in the country work there, two out of three on Wall Street make $136,500 a year on average. They have nowhere close to spend that mad money. Luxury automaker BMW was among the first to move in and cash in, and to learn luxury spending goes beyond year-end bonuses.