- Robyn Turk |
Manhattan lost its “Queen of Retail” this past weekend. Faith Hope Consolo, best known for her work as a high profile executive, helping to shape the real estate of shopping streets Fifth Avenue and Madison Avenue, died suddenly in her Manhattan home on Sunday. Consolo was aged 69.
Most recently the chairman of The Retail Group of Douglas Elliman Real Estate, Consolo spent her career helping to place retailers in major shopping locations, earning her nickname “ Queen of Retail.” Her clients were popular fashion brands reaching multiple consumer bases, including luxury brands such as Christian Louboutin, Fendi, Jimmy Choo and Armani, as well as denim brands like AYR and fast fashion brands including Zara.
“[Consolo] was a driving force in a very specific segment of the New York commercial market,” Douglas Elliman Real Estate’s president and CEO, Steven James, told WWD. “Retailers relied on her to get the job done and she got the job done. She believed in the market despite all the press that retail is over. She knew there was room for both the physical retail and online businesses.”