Taken from Chicagobusiness.com:
Marc Jacobs to open store in Bucktown
New York designer Marc Jacobs, whose leather handbags go for up to $1,000 and are fixtures among the fashionista set, plans to open a store in the Bucktown neighborhood featuring Mr. Jacobs’ less expensive, urban-oriented line Marc by Marc Jacobs.
The Bucktown store at 1714 N. Damen Ave., the company’s first in Chicago, is to open by later summer after the completion of some interior and exterior renovations. Marc Jacobs currently has 12 U.S. stores, including three Marc by Marc Jacobs locations in New York, Los Angeles and Boston.
The new, 4,000-square-foot store further establishes Bucktown, a hipster haven, as a shopping destination.
The neighborhood has attracted trendy boutiques such as Scoop NYC and Raizy in recent years, but Marc Jacobs is the first big-name designer to put a store there, says Adam Secher, a principal with Baum Realty Group Inc. who represented the landlord in the lease.
“The Bucktown area has changed dramatically in the past three years,” Mr. Secher says. “Marc Jacobs is a trendsetter in fashion and real estate.”
A Marc Jacobs spokeswoman didn’t return calls seeking comment. Mr. Jacobs, who launched his own clothing line in 1986, is also creative director for French fashion house Louis Vuitton.
Marc Jacobs was represented in its Chicago lease by Lorraine Adney, a local vice-president with Philadelphia-based McDevitt Co.
Ms. Adney says the designer looked for sites throughout Chicago, focusing on Lincoln Park and the Gold Coast neighborhoods in addition to Bucktown. The store will have women’s and men’s clothing and accessories.
“It’s a beautiful space and a beautiful building,” Ms. Adney says. “Hopefully it will be a great spot for them, and an important addition to the Bucktown neighborhood.”