The biggest news in Midtown was that Coca-Cola is planning to move back into its own 61,000-square-foot retail space at the corner of Fifth Avenue and 55th Street in New York City, according to an article in the the real estate section of Crain's New York Business yesterday.
The Disney Store has been leasing the retail space at the ground floor plus basement and two additional levels at 711 Fifth Avenue for about 15 years. It is moving to another location with about 25,000 square feet at 1540 Broadway in Times Square after this summer.
Long-time Coca-Cola shareholders or collectors probably remember the 711 5th Avenue building was the Columbia Pictures Building until the motion picture company was acquired by The Coca-Cola Company in 1982. The building then became Coca-Cola's New York Headquarters and also known as the Coca-Cola Building.
In November 1991, Coca-Cola Fifth Avenue store opened on the ground floor of the building selling Coca-Cola brand merchandise from clothing, toys to various mementos and memorabilia. The retail store closed in March 2000.
Last month, I was the only bidder for a collection of Coca-Cola bottler supplier catalogs on eBay. I won the lot from the seller in Ohio for $2.99 (the shipping was more because of the weight). One of the items was a press packet for the grand opening of the Coca-Cola Fifth Avenue.
So I wonder what Coca-Cola has in mind for the retail space vacated by Disney?
Here are some suggestions:
- Sampling of different Coca-Cola beverages from around the world (similar to the World of Coke in Atlanta).
- Rotating exhibit of company memorabilia from Atlanta (I'm sure Phil and Company wouldn't mind escorting the collection from Atlanta to New York periodically).
- Georgia/Illy Cafe - a cafe that serves Georgia Coffee and Illy Issimo, various tea beverages such as Sokenbicha or Ten Ren, and perhaps some pastries or light snacks
- Soda fountain that serves Coke in glass the old fashion way for 5 cents
- Collector events such as trading tables, memorabilia seminars, charity auctions, meet and greet Coca-Cola celebrities, spokespersons, executives, artists and authors.
- Press events for product launches or sponsorship events for FIFA, Olympics, new films or books
- Limited edition Coke bottles - one or two per year, but not too many, and should be different from the Atlanta and Las Vegas stores.
September 2019 Update - The Coca-Cola Company sold its Fifth Avenue Building for $909 million to a group of investors.