News – Americas
AMERICAN GIRL TO EXPAND IN BIG APPLE
Speciality retailer American Girl is building a new and bigger flagship in the Big Apple. The new 40,000sq ft American Girl Place will be at 75 Rockefeller Plaza in Manhattan. Scheduled to open in the fall, the store will replace the brand’s existing flagship at 609 Fifth Avenue. The new location is being built by Englewood Construction, and is the 12th project Englewood has completed for American Girl. Designed by FRCH Design Worldwide, the American Girl store will span two floors, including street level-space with direct entrances from both 51st and 52nd Streets. The interior will include enhanced versions of popular features found at all American Girl Place locations, such as an expanded salon experience. Bill Di Santo, President of Englewood Construction said: “Part of our program with American Girl includes maintaining and periodically refreshing their entire fleet of stores, so we’re always thinking in terms of how the work we do can be replicated.”
FRED SEGAL DESIGNING NEW FLAGSHIP
Fred Segal is designing its new flagship to be more than just a store. Instead, it’s creating a style and design laboratory. The iconic retailer, which has a reputation for carrying an internationally influenced high-end fashion mix, will open a 22,000sq ft flagship store on the corner of La Cienega and Sunset Boulevard in West Hollywood, California, this fall. Defined as “a style and design laboratory,” the location will feature exclusive collaborations, partnerships, food and beverage, and a venue for LA events large and small. Specifically, it will highlight innovative assortments of men’s and women’s fashion, lifestyle, beauty, eyewear, kids and home brands through permanent collections and pop-up concepts. The store will also feature dynamic event spaces, an onsite florist, full-service salon, a restaurant concept by Bill Chait, as well as the highly recognised San Francisco Café Tartine. A slate of rotating designers, performances and events will be announced in the fall.
INDOCHINO TO FOCUS ON BRICK-AND-MORTAR EXPANSION
The Canada-based online retailer Indochino is growing its fledgling store footprint and has the US market in its sights. The company has opened its 13th store at Metropolis in Metrotown in Burnaby, a suburb of Vancouver, and plans to open eight more stores in North America over the remainder of the year, with five of these to be in the US. Handsome and sophisticated looking, Indochino’s stores are designed to bring the brand’s online made-to-measure experience to the physical space. The brand promises a luxury tailoring experience without the high price tag. Customers are paired with a style guide who tailors the appointment based on each customer’s needs and helps him to build a one-of-a-kind suit or shirt. Each garment is delivered in around four weeks.
MEGAMALL AMERICAN DREAM INCHES CLOSER TO REALITY
American Dream, the long-stalled retail, dining and entertainment destination located in East Rutherford, New Jersey and close to Manhattan, has received new funding, and more importantly, has a new opening date. The Triple Five Group of Companies, owners and operators of Mall of America and West Edmonton Mall, has closed on $1.67bn of private construction financing for American Dream, and the project is now slated to open in March 2019. Formerly known as Xanadu, American Dream broke ground more than 12 years ago, but its construction was never completed, delayed by various problems, including bankruptcies, lawsuits and financing difficulties. In 2011, Canadian developer Triple Five Group officially took control of the project and rebranded it as American Dream. To date, the developer has signed up an exquisite list of entertainment attractions for the site, including DreamWorks Water Park, Nickelodeon Universe Theme Park, Big Indoor Ski & Snowboard Park, a 1,350-seat live-performance Cirque Du Soleil theatre, Sea Life Aquarium, Legoland Discovery Center, Kidzania, an 18-hole miniature golf course, and an NHL-size ice rink. The project will also feature an expensive line-up of department stores and specialty retailers, ranging from Saks Fifth Avenue to Hermès, along with an assortment of restaurants. “We are pleased to have worked with J.P. Morgan and Goldman Sachs on the financing for this transformational project. The construction loan paves the way for the completion of American Dream, and allows us to aggressively move forward with the construction and opening of the project,” said Don Ghermezian, President and CEO of American Dream.