Fashionphile is investing $4 million to expand operations in Chelsea, alongside Empire State Development.
Bolstered by tax credits, the project is expected to be complete by 2025. Empire State Development will offer Fashionphile $3.5 million in performance-based tax credits over the next 10 years in exchange for the company’s job creation commitment. The move marks Fashionphile’s first corporate presence in New York City, following the opening of the company’s Madison Avenue showroom in 2018. Its existing headquarters in Carlsbad, Calif., houses a 30,000-square-foot showroom and authentication center. Additionally, the company is the exclusive re-commerce partner to Neiman Marcus, which took a minority stake in Fashionphile in 2019, and operates technology offices in Los Angeles and Provo, Utah.
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