May 1, 2019
Activewear brand Lululemon plans to open a first-of-its-kind flagship store in Chicago when it comes to Lincoln Park in July. The Chicago Tribune reported that the 20,000-square-foot “experiential store” will become Lululemon’s prototype for large-format stores offering an array of yoga classes and other activities.
The store is planned for 938 W. North Ave., a three-story building that formerly had Restoration Hardware and Z Gallerie as tenants. The space has been mostly vacant in recent years, with a smaller Sephora store as its only tenant, the Tribune reported.
Such flagships eventually could make up 10% of Lululemon’s stores, CEO Calvin McDonald said during an April 24 event with retail analysts.
938 W. North is owned by Acadia Realty Trust and Jenel Management Corp., which paid $20 million for it in 2013. The owners completed renovations to the building’s exterior last year.
Connect Chicago is coming up on May 14! Click here to register for the event.
For comments, questions or concerns, please contact Paul Bubny