It seems like every time we hear about a designer collaborating on a building, it's going to be in Dubai. So we were a little surprised this morning when we read that Donatella Versace was designing the interior renovation of the Clock Tower building at 5 Madison Avenue, including 55 apartments (and one enormous penthouse), and a spa which is expected to total around $1 billion. This is especially interesting since everyone's expecting the cost of real estate in Manhattan to eventually go the way of the rest of the country, so clearly Versace and co. don't expect that to happen any time soon. The project should be done in about two years - expect leather carpets and solid gold tubs.
Donatella Versace on What You Can Expect from the New Versus
Last November, Versace announced a new strategy for its little sister line Versus. Christopher Kane would no longer design it, and Versus would never do a runway show again. Going forward, Versus would be a series of collaborations between Versace and "various creative innovators and designers" and have a "strong digital element." So what does that all mean? A new video airing exclusively on Fashionista sheds some light on what Versace has in mind for her beloved Versus (she says it's "the first collection my brother Gianni gave to me in complete freedom to do") in advance of the first designer capsule collection for Versus with J.W. Anderson.