Italian fashion giant Giorgio Armani has big plans for Madison Avenue. The Armani Group and SL Green, New York’s largest commercial property owner, announced plans to redevelop the Giorgio Armani flagship on Manhattan’s Upper East Side. The 16,000-sq.-ft. store is located in a 97,000-sq.-ft. building at 760 Madison Ave.

The building will be completely overhauled and transformed to house a new Armani boutique along with 19 luxury residences designed by Giorgio Armani. The famed designer will not only conceive the residential interiors but will live in the building upon its completion. The New York-based architecture firm Cookfox will serve as architect on the project and redesign the building to reflect the evolution of the Armani brand.