Damon Dash is taking his business sense to a new fashion venture, opening a vintage clothing store in New York City. Dash will add the store to his growing list of business at his current DD172 location in Manhattan's Tribeca area, which is already home to his art gallery, record label and recording studio.

The store, Local 172 Trading Post, will open later this week. Catering to both men and women, the storefront will carry lines from the likes of Ralph Lauren, Pendelton, LL Bean and Woolrich. The grand opening event will feature special performances including music by SkiBeatz, DJ Edan and DJ Ghostdad.

Since his public fallout with Jay-Z, resulting in him sharing his portion of the Roc-a-Fella brand, Dash has experienced a few financial missteps but appears to be back on track. "I didn't really understand the ramifications of being so influential, of saying things that could potentially be negative," Dash told the Village Voice of his time at the label.

The music and fashion mogul went on to discuss a past of boasting and bragging. "At the time, it was about getting money at any cost and talking about buying nice things that most people couldn't afford," Dash continued. "I think it put a very superficial mentality into the world. If you're rapping about doing criminal things, the majority of your fans are criminals or fans of criminals."

Dash has since re-emerged using his influence and experience in the music game launching Blu Roc Records, which just released Curren$y's 'Muscle Car Chronicles' on March 15.

Local 172 Trading Post is scheduled to open March 26 at 12PM.

Watch an Interview With Damon Dash

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