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May 1, 2019 Comments Off on Lululemon to Open Prototype “Experiential” Store in Lincoln Park Views: 737 Chicago News, North Side

Lululemon to Open Prototype “Experiential” Store in Lincoln Park

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.

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