A significant trend in Chicago's retail landscape is the emergence of city neighborhoods as desirable alternatives to locations along Michigan Avenue and Oak Street. Here's an in-depth look at Chicago's hot neighborhoods:
Gold Coast (Michigan Avenue, Oak Street, etc.)
While luxury and international retailers sought space on Michigan Avenue or Oak Street, a chichi side street that now houses Hermès, Harry Winston and Yves Saint Laurent, retailers also see potential on nearby streets for flagships. Tory Burch and Burton opened on Walton Street in 2007 and UGG Australia launched last year along Rush Street, one block west of Michigan Avenue, home to local retailers Jake and Ikram. Sportswear retailer Original Penguin will unveil its first Chicago store this year on Rush Street in the former Johnny Rockets location.
Barneys New York will double its size in a 95,000-square-foot, newly constructed space at Oak, Rush and State Streets, across the street from its current 50,000-square-foot store. It's a move brokers predict will extend the reach of Oak Street.
Oak Street itself is undergoing a revitalization, solidifying its place as a destination for luxury shoppers with Harry Winston, David Yurman and Jimmy Choo opening in 2007. This movement comes at a time when Oak Street will have more potential retail space than has been available in recent years.
With a handful of colleges in Chicago's historic downtown Loop district, savvy retailers have taken note. H&M, Charlotte Russe, Forever 21, Filene's Basement and Nordstrom Rack all do business on State Street with a new Loehmann's at State and Randolph enjoying one of the retailer's best openings, said Ty Tabing, executive director of the Chicago Loop Alliance.
Lakeview (Southport Avenue)
Anthropologie opened in late 2006 on the neighborhood street just blocks west from Wrigley Field that remains well populated with women's and children's specialty stores and restaurants. Lorraine Adney, who brokered the deal, said sales at the Southport store are strong and more national retailers have toured the family-friendly area where rents have risen from $30 two years ago to $48 to almost $60 a square foot today.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia