DOWNTOWN LOS ANGELES – The last big retail hole at the FIGat7th shopping complex is set to be filled this week! Last week, signage at the outdoor mall owned by Brookfield Properties announced that Spanish clothing brand Zara will debut on Wednesday, June 4th. The 27,000-square-foot store will serve as the flagship outlet for the chain and will be the fifth company store in Los Angeles. Zara, which fronts Figueroa Street at the southern edge of the mall, signed a 10-year lease and is expected to employ 60 people. The brand offers sleek clothing and accessories for men, women and children and follows the recent openings of H&M and Victoria’s Secret in the FIGat7th complex. Other stores include Lens Crafters, City Target, MAC, Bath and Body Works and Victoria’s Secret.
DOWNTOWN LOS ANGELES – Lucky for us, high-end retailers have been popping up around DTLA, but now there more options for visitors, workers and residents: Swedish retailer H&M opened last week at FIGat7th shopping center at 735 S. Figueroa Street.
The company is filling a 30,000-square-fot space with what it terms as a “flagship store.” When the 10-year deal was announced last October, property owner Brookfield Properties called it the largest fashion retail lease in DTLA in 20 years.
H&M opened its doors at noon on Thursday, May 1st. The store specializes in value-oriented apparel in a variety of styles, ranging from items with brash hipster prints to sleeker, more subdued dresses, suites and more. H&M, which was founded in Sweden in 1947, is one of two clothing stores filling large spaces in the mall this spring. Next on the roster for FIGat7th is Spanish retailer Zara. Also in the works for the shopping center is lingerie shop Victoria’s Secret.
DOWNTOWN LOS ANGELES – DTLA stakeholders were abuzz last week over the announcement of the sale of the Broadway Trade Center, a 1.1 million-square-foot building in the heart of a rebounding area. Although the announcement was made two weeks ago, the buzz has not subsided and will likely only grow: Everyone wants to know what will become of, and what businesses will fill, the former Hamburger Department Store.
NYC based Waterbridge Capital is in escrow to purchase the building that encompasses most of the west side of the block from Broadway to Hill between Eighth and Ninth streets. Initial plans call for turning it into creative office space, a hotel, retail and housing. The sale is expected to c lose within 60 days.
Officials with Waterbridge would not comment. Phillip Sample, SVP at real estate brokerage CBRE, which represented the seller, a private family, in the transaction, said the plan is to turn the edifice into an “urban campus.”
“There will be creative technical tenants, some 3,500 people working in this building,” he said. “In addition, we are talking about 200,000 square-feet of retail; nowhere else in the Historic Core has that. “This campus will be a catalyst for Downtown.”
Although he would not mention future stores by name, Sample said Waterbridge is looking at “very high-end, similar-to-Beverly Hills” type shops. He added they are more upscale that the retail lineup at the shopping center at Seventh and Figueroa Street, which include Zara, Sephora and Target.
The plan would mark a 180-degree turn from the swap meet vendors currently occupying ground-floor spaces in the building. Upper levels are home retailers selling low-end items. Only the second floor, which is used mainly for filming, is completely vacant, said CBRE spokesman Dennis Kaiser. He put the occupancy rate at approximately 60%.
DOWNTOWN LOS ANGELES – The FIGat7th center in Downtown Los Angeles is racking up quite a list of retail tenants, with cosmetics chain MAC and beauty company L’Occitane set to join names such as H&M, Zara and City Target.
Brookfield Office Properties, which owns FIGat7th, said MAC and L’Occitane will open in May 2014. The real estate firm has said that Zara will begin welcoming guests in the spring, while H&M will do the same sometime this year.
MAC will get nearly 1,500-square-feet of space on the second level of FIGat7th. L’Occitane will occupy 1,300-square-feet next door.
Brookfield said it signed more than 72,500-square-feet of retail leases for the center in 2013.
Downtown Los Angeles has seen a recent flowering of urban retail, taking after grand shopping districts in cities such as New York and San Francisco.
Brooks Bros. opened an outpost at the Jonathan Club in April. Acne Studios launched in December, followed a day later by an Urban Outfitters inside Rialto Theatre.
Brookfield Properties, which owns the FIGat7th shopping center, announced this week that it has inked deals to bring Victoria’s Secret and a Bath & Body Works to the outdoor mall located at Seventh and Figueroa streets. Both are owned by Limited Brands.
Victoria’s Secret will occupy 8,400-square-feet of space. In addition to selling lingerie, pajamas and other goods, a portion of the store will hold a freestanding PINK shop, targeting women in college.
Bath & Body Works, which sells soaps, bath products and more, will fill a 2,570-square-foot space. Both Victoria’s Secret and Bath & Body Works will open in early spring 2014.
Edward Hogan, national director of leasing for Brookfield Office Properties, said the leases continue the effort to provide a diverse array of shopping and eating opportunities in the mall, which underwent a $40 million renovation before the reopening last year.
“We strategically curated a unique collection of retailers and culinary operators at FIGat7th that fulfill the desires and needs of the downtown LA resident and workforce’s populations,” he said in a prepared statement.
The business will join other current or upcoming FIGat7th tenants including City Target, Sport Chalet, H&M and Zara.
DOWNTOWN LOS ANGELES – The shopping center FIGat7th has recently lured big-name clothing retailers Zara and H&M, which will both open in the spring. Now, the mall is getting some great new additions that are not clothing oriented.
Officials with Brookfield Properties, the owner of the complex, and Milan, Italy based Luxottica announced last week that LensCrafters and Sunglass Hut will both open locations at the complex at Seventh and Figueroa streets. LensCrafters, which sells prescription frames and sunglasses, will open a 3,400-square-foot space on the complex’s courtyard level this month. Sunglass Hut will debut a 1,030-square-foot business on the second floor of the mall next May.
The leases are described as “long-term,” though financial details were not revealed.
Edward Hogan, national director for retail leasing said in a prepared statement, “With the addition of LensCrafters and Sunglass Hut, we have brought both fashion and function to downtown Los Angeles, with retailers that clearly dominate the optical marketplace due to their expansive selection and high-level customer service. These two retailers fill both a need and a desire in this market.”
Brookfield brought the FIGat7th shopping center in 2006 and spent $40 million upgrading it. Other current tenants in the mall are City Target and Sports Chalet.
DOWNTOWN LOS ANGELES – The Downtown Los Angeles explosion of retail is continuing in a big way: By Spring, H&M will be in the Central City.
Officials with the Sweden-based chain and Brookfield Properties announced that H&M will open a 30,000-square-foot “flagship” store at the FIGat7th shopping complex. Brookfield cited it as the largest fashion retail lease in Downtown LA in 20 years. The lease is for 10 years and financial details have not been provided.
H&M offers affordably priced apparel for men, women, teens and children. Nearby H&Ms are in Glendale and Pasadena.
The deals is the latest in a series of changes for FIGat7th, an aging mall with Brookfield bought in 2006 and spent $40 million upgrading. A 104,000-square-foot City Target opened there in October 2012, and Sport Chalet debuted a 26,800-square-foot outpost this Spring. A 27,000-square-foot shop for Spanish fashion retailer Zara is also slated to open in the spring.
Ed Hogan, national director of retail leasing for Brookfield Office Properties, commented “Signing H&M at FIGat7th is a defining moment for our center and for retail in Downtown Los Angeles,” in a prepared statement. “H&M is the perfect fashion anchor to complement our dynamic retail mix of fashion and dining.”
H&M was founded in Sweden in 1947. Its parent company, the H&M Group, currently has more than 3,000 stores in 53 markets.
Downtown Los Angeles- Just when 7th Street’s Macy’s Plaza was starting to hijack buzz from DTLA’s other rising retail destinations with its fancy renovations, nearby FIGat7th has stolen the show once again. The shopping center home to City Target, Sport Chalet and soon, Zara, has just landed a jumbo H&M flagship.
According to LA Times, the new store will clock in at 32,000 square feet, which, besides that megastore in New York, is much larger than the Swedish fast-fashion retailer’s other US locations. Racked friend Brigham Yen nabbed a shot of the under-construction H&M, confirming its takeover of the second floor space formerly occupied by Robinsons-May.
The Downtown Sport Chalet opened last week at the FIGat7th shopping center. The store is 26,800 square feet and is located on the lower level of the shopping center. This is the second retail anchor of the mall which last year saw the completing of a $40 million renovation by owner Brookfield Properties. The major anchor is of course City Target. A 27,000 square-foot Zara is scheduled to open next spring.
The formal ribbon cutting ceremony for Sport Chalet will take place on Thursday, July 11.
The Downtown location is smaller than a typical Sport Chalet, which is 45,000 square feet. The company was founded by Norbert Olberz in 1959 and is based in La Canada. They have 53 stores in four states with the majority in Southern California.
The store’s layout was designed by architecture firm Gensler. In addition to the gear it sells, the Downtown Sport Chalet will have weekly educational clinics.
Sport Chalet is now open weekdays from 9:30 a.m. – 9:30 p.m., Saturday from 9 a.m. – 9 p.m. and Sunday from 10 a.m. – 7 p.m.