Fred Segal takes 22K sf at CIM’s Sunset and La Cienega project

Los Angeles /
Dec.December 20, 2016 08:30 AM

Luxury fashion retailer Fred Segal has inked a deal for a 22,000-square-foot store a 8500 Sunset, CIM Group’s Sunset Strip project.

The deal brings a high-profile name in luxury retail to a neighborhood that’s been largely defined by clubs and nightlife venues, the Los Angeles Business Journal reported.

When complete, the project, which is on the corner of Sunset and La Cienega Boulevards, will comprise 190 residential units as well as retail space and a 296-room James Hotel. It will also include a restaurant, gym, florist, wine shop and a café.

The deal represents an about-face for Fred Segal, which has been downsizing since it closed its Santa Monica outpost earlier this year. The brand also recently moved out of its original store on Melrose Avenue, which was bought by CormackHill. The company also pulled out of a lease for more than 20,0000 at Invesco’s Runway Playa Vista.

In September, the brand’s parent company Sandow filed a copyright infringement complaint against CormackHill for retaining the red, white and blue “Fred Segal” sign on the Melrose property. [LABJ]Cathaleen Chen


Related Articles

arrow_forward_ios
Asher Abehsera and the plaza (Credit: Google Maps)

New partnership poised to buy Baldwin Hills Crenshaw Plaza

New partnership poised to buy Baldwin Hills Crenshaw Plaza
Shaul Kuba and the now-former redevelopment plan (Credit: Department of City Planning)

CIM to buy Baldwin Hills Crenshaw Plaza, scrap resi redevelopment plan

CIM to buy Baldwin Hills Crenshaw Plaza, scrap resi redevelopment plan
Delal Ali

Harbor taps CIM vet Delal Ali to head West Coast

Harbor taps CIM vet Delal Ali to head West Coast
CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh with a rendering of the project

Picture perfect: CIM Group nails down craft retailer Michaels at Mid-Wilshire complex

Picture perfect: CIM Group nails down craft retailer Michaels at Mid-Wilshire complex
Jason Oppenheim

To sell a $45M home, this broker just commissioned a billboard on Sunset Strip

To sell a $45M home, this broker just commissioned a billboard on Sunset Strip
Tower Records store, and late Tower Records founder Russ Solomon (Credit: Getty Images)

Sunset Strip’s former Tower Records store could have new tenant soon

Sunset Strip’s former Tower Records store could have new tenant soon
CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

CIM Group lists part of its Miracle Mile office campus
Michael Weinstein and Sunset Gordon tower (Google Maps)

AIDS Foundation bids on Sunset Gordon tower, but is it for sale?

AIDS Foundation bids on Sunset Gordon tower, but is it for sale?
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...