Why does it feel like there is a Lululemon on almost every corner in Chicago? From Lincoln Park to the Gold Coast’s 900 North Michigan Shops, it seems that whenever we are in the mood for an athletic outfit, we don’t have to travel far. Well, if you thought you had enough Lululemon shopping options, think again.
Lululemon signs major 12,000-square-foot lease at Chicago’s historic Tribune Tower
Lululemon is officially coming to the Magnificent Mile after signing a 12,000-square-foot lease in the Tribune Tower at 435 North Michigan Avenue.
According to Crain’s, Lululemon is one of several new retailers joining the Tribune Tower’s retail space. Fare, a fast-casual restaurant, has recently occupied Foxtrot’s former 1,800-square-foot store facing the plaza. Big City Optical and Intuit TurboTax have also signed leases in the Tribune Tower.
Chicago-based investor North American Real Estate, led by Savas Er, purchased the retail portion of the Tribune Tower last year, expecting a market rebound.
So it’s safe to say that foot traffic on the Mag Mile has gradually returned to normal, and soon there may be no empty storefronts left.
