Philip Lim to open boutique in Arts District

Designer will occupy former site of NOLA restaurant on 3rd Street

Apr.April 04, 2017 08:45 AM
Philip Lim and the storefront at 734 E. 3rd Street

Designer Philip Lim will open an outpost of his eponymous fashion brand in the Arts District, the latest sign that the once industrial area is becoming a major draw for trendy retailers.

The new store, on the corner of E. 3rd and Rose Street, will replace the now-shuttered restaurant NOLA, according to broker and blogger Brigham Yen.

The store, 3.1 Philip Lim, will occupy a total 4,600 square feet, according to Loopnet. An LLC connected to Pouya Abdi of Parallel Acquisitions and Holdings acquired the property for $5.5 million in June 2015.

Lim isn’t new to L.A. The Orange County-based designer used to operate a storefront in West Hollywood on Robertson Boulevard, but it closed last year. His only other location in the U.S. is in New York, on Great Jones Street in NoHo.

Other high-end retailers to have inked deals in the Arts District include Guerilla Atelier and Shinola. [BY]Cathaleen Chen

Related Articles

LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

A rendering of the project

Jade Enterprises to build campus-like project near Soho Warehouse

From left: A San Fernando Valley retail center and a Forever 21 near downtown LA (Credit: iStock)

Greater LA retail market struggles to recover from big box closures, bankruptcies