New York City — Barneys New York, the luxury specialty retailer, has completed its new downtown flagship. The opening in Chelsea on 7th Avenue between 16th Street and 17th Street marks the return of the store to the same block that the company was founded on in 1923, and where it maintained an iconic presence through the late 1990s. The store will occupy almost an entire city block giving a new presence to the 7th Avenue streetscape.