Today, Crain's all but confirmed the arrival of the long-rumored Nike Community Store in Detroit. The athletic shoe and clothing retailer applied for certification for a Detroit retail space from the U.S. Green Building Council for Leadership in Energy and Environmental Design. According to Crain's, the building, located at 1261 Woodward Ave, is undergoing renovation now, and is owned by Dan Gilbert's Bedrock Real Estate Services. While neither Bedrock or Nike will confirm details beyond these, the store's long-discussed arrival would add Nike to brands like John Varvatos, Carhartt and Restoration Hardware, who also have plans for a new store in Detroit.
Last year, Crain's also noted that retail rents downtown area have more than doubled since 2011, increasing from $10 or so pre square foot to $20 to $26 per square foot. Dan Gilbert, whose buildings house five of the nine retail institutions we've profiled in the map, owns 12.5 million square feet of commercial real estate, much of it near Campus Martius downtown. According to the Detroit News, Gilbert's companies have invested over $1.7 billion in 70 downtown Detroit properties.
·Just D it: Nike LEED Application Points to 19,500-Square Foot Store [Crain's Detroit Business]
·Restoration Hardware Coming to Detroit [Detroit News]
·Upscale Restoration Hardware coming to Woodward [Detroit News]
·Carhartt Opens Detroit Flagship in Historic Midtown Building
·Name [Curbed Detroit]
·Previewing the Action on Detroit's Avenue of Fashion [Curbed Detroit]
·Free Press Marks Gilbert's 5th Anniversary in Downtown Detroit [Curbed Detroit]