Housed at Bryant Park, midtown Manhattan for more than a decade and a half, NY Fashion week only moved — or upgraded, depending on your perspective — to the Lincoln Center in late 2010. However, with a planned 26-acre cultural area (or “Culture Shed”) on the edge of the West Side, scheduled to begin opening to the public in 2013, Mayor Bloomberg says that the twice-yearly fashion event may be held there in the future.

“Fashion Week has grown so much. It’s outgrown Lincoln Center already. It certainly outgrew Bryant Park a long time ago,” the mayor said. “The fashion industry is part of our diversification plan. We are the fashion capital of the world. It’s an enormous industry that creates a lot of jobs.”

Council of Fashion Designers of America chief executive officer Steven Kolb believes the move is a possibility, and has encouraged the fashion industry to get involved with the Culture Shed, which will house spaces for exhibitions, as well as theater and fashion events.

Fashion and accessories company Coach has already signed up to the project, and will move its corporate offices, along with its its 1,600 New York employees, into a 51-story building in the Culture Shed area in 2015, when construction will be complete.