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Originally Posted by Illithid Dude
Well, as I was reading Brigham Yen's blog (for it is awesome) I found an article he wrote. Apparently, on 7th Street, a clothing retailer has signed on. Not just some cheepo clothing retailer. We're talking a retailer that will be carrying the same high-end stuff Bloomingdales would be carrying.
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regarding brigham's blog, the post from it that you're referring to has the kind of specificity that I'm always on the outlook for. It says alot about dt. Just a few sentences from it give a better sense of what's going on below the radar in DT than hundreds of sentences that are so vague & generalized, they really do fall into the "we get it, we get it---next topic!" category.
this info is quite unexpected & surprising to me, but in a good way. It's very reassuring & may change my estimates of how much potential exists in dt. But I'm also assuming the owner of the store wasn't just talking a good game or laying it on thick.
However, when I've read that the ralphs mkt on 9th St does better than most of its sister stores, or that the new regal theaters at LA Live are doing better than many of its sister theaters, or that the Daily grill & wockano locations in DT are doing better than many of their sister restaurants, maybe it's time to go:
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Yang is no stranger to Downtown LA as he currently runs OneOne77, another clothing boutique on Wilshire Blvd just over the 110 freeway in City West (a stone’s throw from the Financial District). He started OneOne77 about 2 years ago, opening the store on the ground floor of the upscale 1010 Wilshire corporate apartment rentals.
At first, Yang told me that they didn’t expect much foot traffic or that it would be a lot tougher to carve out a niche in what was a very “experimental” market. To Yang and his business partner’s surprise, the foot traffic was “better than anticipated” and “downtown women” (those who lived and worked here) found their way to OneOne77, happy that they didn’t have to go to the “Beverly Center or Melrose” (basically the Westside) to find fashionable clothing. In other words, business was good enough to start thinking about expansion.
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