L.A. Retail Real Estate: The 10 shopping streets in greater Los Angeles with the highest rents per square foot.
In greater Los Angeles, where shopping is serious business, Rodeo Drive is alive with the sound of construction. Prada opened an Epicenter in July. In another testament to Rodeo Drive’s preeminence as a luxury stronghold, Louis Vuitton on...
In greater Los Angeles, where shopping is serious business, Rodeo Drive is alive with the sound of construction. Prada opened an Epicenter in July. In another testament to Rodeo Drive’s preeminence as a luxury stronghold, Louis Vuitton on Wednesday unveiled its supersized flagship. Other neighborhoods are seeing action. The Grove, a large, open-air mall, is bringing new life to Third Street, while on Robertson Boulevard, new fashion tenants are muscling out older furniture stores.
RODEO DRIVE Average rent per square foot: $300 Luxury rules on this highly trafficked tourist street, which has undergone an $18 million renovation that widened sidewalks, improved lighting and replaced aging ficus trees with leafy palms. Etro and Michael Kors have recently taken up residence and Roberto Cavalli is on the way. Meanwhile in July, Prada’s newly renovated Epicenter, designed by Rem Koolhaas and Ole Scheeren, opened to much fanfare. A renovated and vastly expanded Louis Vuitton opened on Wednesday. Dolce & Gabbana also is planning a facelift.
ROBERTSON BOULEVARD Average rent per square foot: $120 South Robertson in exclusive Beverly Hills adds the trendiness of Melrose Avenue. The Kitson boutique is a favorite haunt of girls such as Paris Hilton and Lindsay Lohan. Other stores, including Lisa Kline, Curve and Vionnet are on the thoroughfare, along with legendary power lunch spot The Ivy. Older furniture stores are being replaced by boutiques such as Swedish newcomer WE. On the boulevard, near The Ivy, you’ll find Hogan, agnès b., Hararri, MAC and Reebok’s Rbk concept store with a private screening room and VIP lounge.
THIRD STREET PROMENADE Average rent per square foot: $120 Shoppers and tourists galore head to this open-air street mall in Santa Monica, which is blocked to traffic, for a whiff of the ocean and roster of retailers that includes Urban Outfitters, Quiksilver, Rip Curl, Banana Republic, Levi’s, Anthropologie and American Eagle Outfitters. Unique boutiques include Hanna Hartnell Studio, Hype, Mudra, One and Pink Ice. No visit to the area is complete without a trip to Fred Segal’s house of miniboutiques, located just off Fifth Street.
BEVERLY BOULEVARD Average rent per square foot: $108 The hip quotient is high on Los Angeles’ Beverly Boulevard, where style-seekers flock to boutiques such as Beige for the latest finds from L.A. designers such as Michelle Mason and Louis Verdad. Suss Design’s hand-knit creations are popular with Hollywood A-listers. Richard Tyler’s Beverly Boulevard salon sells his red-carpet gowns, and Naked, at the intersection of Martel Avenue and Beverly Boulevard, features Hussein Chalayan, Mandarina Duck and Seraph. Fifi & Romeo sells luxewear for women and their pooches and L.A. Eyeworks offers iconic eyewear.
MONTANA AVENUE Average rent per square foot: $84 Shoppers who want the charm of Santa Monica without the tourists of the Third Street Promenade visit Montana Avenue between Ninth and 15th Streets for cult beauty brands such as Kiehl’s and Dermalogica, and boutiques like the knitwear haven Margaret O’Leary, the Michael Stars T-shirt emporium and Lucy, for stylish gymwear. Jennifer Nicholson, the designing daughter of actor Jack, opened Mademoiselle Pearl to showcase her designs and those of John Galliano, Stella McCartney, Martine Sitbon and others.
SUNSET PLAZA Average rent per square foot: $72 Sunset Plaza, an open-air center in West Hollywood, was built in the Thirties. It offers up plenty of opportunities for people-watching at outdoor cafes and restaurants such as Clafoutis and Le Dome. Catherine Malandrino and Just Cavalli are the latest shops to open, joining H. Lorenzo, Nicole Miller, BCBG, Hervé Léger and Laura Urbinati. Tracey Ross’ eponymous boutique is like a clubhouse for Hollywood wives and actresses who come for the Jimmy Choo shoes and designs by Marc Jacobs, DSquared, Chloé and Matthew Williamson.
MELROSE AVENUE Average rent per square foot: $48 Melrose Avenue offers an eclectic range of luxury and funky fashion, especially between La Cienega and Fairfax Avenue in Los Angeles, where high-end brands have congregated. Melrose Avenue is the longtime home of Fred Segal, which maintains a loyal fashion following by staying a few steps ahead of the curve. The neighborhood also boasts Agent Provocateur, Miu Miu, Miss Sixty and NOM (Naissance on Melrose). Marc Jacobs will soon be the new kid on the block.
THIRD STREET Average rent per square foot: $48 Rents are escalating in this eclectic urban area, which is attracting even more consumers thanks to the wildly popular Grove, an open-air shopping center at Third and Fairfax in Los Angeles with a roster of mall favorites such as Gap and Pottery Barn, and anchored by Nordstrom. The word is that rents have nearly doubled in the past few years as boutiques west of The Grove such as Paul Frank, Lulu Guinness, Sigerson Morrison and Satine have leased property.
LA BREA Average rent per square foot: $36 For many, La Brea’s vintage shopping scene is a small slice of heaven. The neighborhoods surrounding La Brea are filled with some of the city’s prettiest refurbished Twenties and Thirties apartment buildings. The large Orthodox Jewish community gives the neighborhood its flavor. Nestled between the used clothing and furniture stores are Stüssy, Union, American Rag Cie, and Oxygen, a women’s and men’s boutique. Proposals are under way to revitalize the area.
VERMONT AVENUE Average rent per square foot: $30 Retail space may be affordable in L.A.’s Los Feliz district, but it won’t stay that way for long. Los Feliz and neighboring Silverlake, which gained notoriety in the film “Swingers,” is popular with a young crowd that likes the artsy vibe of the independent cafes, boutiques and vintage shops. X-Large, which claims Mike D. of the Beastie Boys as one of its investors, is a haunt for the hip-hop and skateboarding set. Atmosphere offers fun fashion including Fred Perry, Ella Moss and Juicy Couture. There’s even a line of Baby Juicy starter sweat sets.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)