I am loving this little bit of news about my little world of downtown Manhattan. Tiffany & Co. has announced plans to open its second New York City location at 37 Wall Street! The new 7,600 square-foot store, just around the corner from the New York Stock Exchange, is slated to open in fall 2007. And apparently earlier this year, Hermès announced plans to open at 15 Broad Street, near the new Tiffany's location. The proximity of these two stores will create a major destination for upscale shopping less than five blocks away from my job and my school! "When three Fifth Avenue retailers sign leases below Chambers Street within a year, you know downtown's retail renaissance has begun," said Eric Deutsch, President of the Downtown Alliance. I completely agree and am waiting for the tranformation with bated breath.