The Gap concept store on Fifth Avenue featuring items designed by the 2009 CFDA/Vogue Fashion Fund winners. Photo: Courtesy of the Gap

Fans of womenswear designer Sophie Théallet, jeweler Monique Péan, and menswear designer Patrik Ervell, should run not walk to the Gap concept store on Fifth Avenue in New York City for the limited-edition offerings being served up by the three winners of the 2009 CFDA/Vogue Fashion fund prize.

The new goods, which debuted yesterday, consist of Theallet's Michelle Obama-approved dresses, Péan's eco-minded bracelets and necklaces, and Ervell's casually cool menswear (think striped engineer pants, cream-colored one-pocket sailor sweaters, and boxy blazers).

Most of the items in this new delivery are priced high for the Gap (anywhere from $28 - $298) but then again, they not mass produced and really are quite unique. "All of the production was done at the same place as my ready-to-wear line," said Théallet, who spent years working with Azzedine Alaïa. (Translation: designer goods at a fraction of the cost.)

It being summer and all, I really couldn't resist Péan's colorful jewelry. I bought a necklace that is comprised of sustainable elements such as seeds, buri twine, coconut beads, and an organic cotton tie. And stacks of buri twine bangles for friends.

This marks the fourth collaboration between the Gap and the CFDA/Vogue Fashion Fund (CVFF). Last year, Sophie Buhai and Lisa Mayock from Vena Cava, Albertus Swanepoel, and Alexander Wang created coveted khaki dresses, hats, and jackets. Previous participating designers include Kate and Laura Mulleavy of Rodarte, Thakoon Panichgul, and Doo-ri Chung who kicked off the partnership in 2007 by reinterpreting the white oxford shirt.

Speaking of the CFDA, take a sneak peek at the new journal shot by Sølve Sundsbø which will be given out at the awards this coming Monday night.