By: Harpreet Brar Urban Outfitters has just announced that they have signed a 15-year lease on a new, 56,730-square-foot location in Herald Square. Yep, you heard correctly: 56,730-square-feet! Rumors of the deal surfaced back in February but have only now been finalized. The enormous building of three floors is reportedly double the size of their largest locations worldwide - approximately 25,000-square-feet. What exactly are they planning with all of that space? Here's where the beloved Urban Outfitters gets mysterious - it has been reported that the retailer's newest location will function as an "innovative new lifestyle center concept with features never before seen from the brand." SHE would like to know exactly what is meant by "lifestyle center". WWD reports: "Officials at Urban Outfitters could not be reached for comment Tuesday on the new concept or its name. 'It's to be determined. There are a lot of moving parts,' said a real estate source." One can only imagine what great ideas Urban Outfitters has planned for the city of New York. What could possibly serve as an "innovative new lifestyle center"? Whatever it is, we're anxious and excited -- and you can bet that SHE will keep you in the loop.