MADISON AVENUE MULTIPLICATION: Kors Officially In Former Ungaro Space

Well, the signs don,'t lie. While we have yet to hear an official announcement, Michael Kors is now obviously putting a store in the space formerly occupied by Emanuel Ungaro on Madison Avenue at 67^th Street as was earlier rumored.

The question remains: What is he putting there?

He already has a lifestyle store at 60^th street focusing, like his SoHo shop, primarily on accessories and clothes from his diffusion lines Michael and Kors. At 77^th, he has long had his more exclusive Collection flagship store, so what exactly is going in the third store? The images papering over the windows are apparently from his Collection ready-to-wear and accessory campaign, so is he moving his flagship to the the two-level store in a higher profile location and closing or converting the the old location into something else, or possibly adding a new store concept? Or what?

Please explain, Michael!

Previously:
Madison Avenue Multiplication: Kors To Take Ungaro Space?