Philip Lim to open boutique in Arts District

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