Bosporus Boom

Istanbul has become the latest luxury destination as a generation of free-spending, energetic entrepreneurs give the ancient city a modern edge. Brands like Fendi and Dolce & Gabbana are catching the buzz, eager to set up shop in the gateway to the East

ON WEEKENDS, THE LINE AT ISTANBUL'S Mangerie, a hip rooftop restaurant with views over the Bosporus Strait, stretches three stories down the stairs toward the street. On a recent Sunday, Defne Kocabiyikoglu, 28, a design consultant, and her boyfriend, Baran Baran, 30, a motion-graphics animator, were settling into a Turkish brunch of kasar cheese and sesame-sprinkled simit pastries and expounding on the fashion constraints of the city. While Kocabiyikoglu can get any clothes she wants—favoring fashion-forward labels like Roksanda Ilincic and Tina Kalivas, which she buys online and mixes with local finds, she points to her Chanel ballerina pumps and adds...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!