Upscale retailer Zara plans DTLA move; opening date in 2014
Zara has signed a lease to open a new flagship store in DTLA at the Figat7th shopping complex.
DOWNTOWN LOS ANGELES — Until now, food has been the focus of development at Downtown's Figat7th retail center, as the Taste food court quickly filled up with burger joints, sandwich shops and bakeries.
But now, a reason to step away from the Sprinkles cupcake and try on some shoes instead: Zara.
The upscale retailer has more than 6,000 stores across the world and about four in the L.A. area. The new Downtown location will be selling their standard assortment of men's and women's clothes, jewelry and accessories starting next year.
Zara signed a 10-year lease at the Figueroa location and plan to open a 27,000-square-foot flagship store.
“Zara is one of the world’s largest and most respected fashion retailers,” said Ed Hogan, National Director of Retail Leasing for Brookfield Properties, which owns Figat7th. “Their commitment to open a flag ship store in the heart of downtown LA is a defining moment for the future of retail in downtown LA. Other fashion retailers will follow Zara’s lead."
The new store is expected to employ about 60 people and open in the spring of 2014. Zara's announcement of their Downtown move comes only weeks after another hip, young retailer, Urban Outfitters confirmed their store slated for a historic Broadway theater.
In other fashion news: On the other side of Downtown in Alameda Square, Ella Moss and Splendid plan to open their new corporate headquarters on June 6. Both brands are described as "Los Angeles-born" clothing lines, and will occupy 82,000 square feet of space in the industrial square.
Alameda Square is poised for an overhaul as well: The campus, which consists mostly of manufacturers, will begin hosting special events as well as an open air retail center, in an attempt to attract more visitors.
Editor's note: A previous version of this post had a quote attributed to Zara, which was incorrectly attributed to the company by a public relations firm working on behalf of Zara. For the sake of accuracy, the quote has been removed.
To keep tabs on Zara's progress as well as other current developments in Downtown, visit blogdowntown's map.