For those of you familiar with Gold Coast of Chicago, you
may remember the Esquire Theater. The
stretch on Oak St. from Rush St. to Michigan Ave. has always been known to be a
key fashion destination right off the Magnificent Mile, housing Prada, Versace,
Recently Del Frisco’s Steakhouse moved into the 2nd
floor space that was the Esquire
Theatre, at 58-68 east Oak St., and now other designers are
jumping in on the newly renovated building.
Dolce and Gabbana has now signed on to lease a 3,200 square
foot space of the 1st floor from DRW Holdings LLC, a Chicago based
company. Likewise Caroline Herrera
followed suit by leasing the space in the adjacent building, 70-104 east Oak
St., also managed by DWR.
Zucker, principal at City Real Estate Inc., also based in Chicago said that the
Dolce & Gabbana and Carolina Herrera deals fit squarely within Oak Street's
long history as one of the city's choice locations for boutique fashion
on Michigan Ave are said to be around $500 a square foot on a ground level
shop. DRW is said to be asking about
$300 as of last year, so one can see the draw of more designers to that block.
all know that shopping can work up an appetite, and Del Frisco’s was definitely
one to break the mold when they opened around the corner from the Rush St. row
of restaurants, like Gibsons and Tavern On Rush; and with one restaurant comes
& Olive Inc. will be the newest addition to the 2nd and 3rd
floor spaces next to steakhouse. They
chose the location banking on the notion that the area is saturated by female
shoppers. A spokesman for the company
said that over 70% of their clientele is female.
kind of fell in love with the location and the street,” said another
representative of the company, and added, “The restaurant is expected to open
& Olive has expanded to 5 restaurants in New York City and Southern
California, but so far not in the Midwest. Their cuisine focuses on Spanish,
French and Italian coastal Mediterranean fare. From small plates to lunch and dinner
portions, the dish getting the most attention seems to be their $19 hamburger. One must ask; Do you get frites with that?
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