Panic Over E-Commerce’s Effect on Retail Real Estate is Full of Myths

London brand Cos (46 E. Oak St., cosstores.com) has opened its first Chicago store. The store spans three levels and 5,700 square feet and is located in one of L3 Capital’s renovated buildings.

Blue Bottle Coffee and Warby Parker are heading to Miami’s original funky neighborhood, Coconut Grove, at 3034 Grand Avenue. Blue Bottle is opening its third location in Miami-Dade. The Oakland-based coffee company leased the corner 1,205-square foot space at the building, which L3 Capital purchased in 2016.

For the first time since the dawn of e-commerce, physical retail might find itself with some cost advantages over e-commerce firms — especially those not named Amazon.

Guggenheim Real Estate and Chicago-based L3 Capital paid $23 million for an upscale Melrose Avenue retail property.

L3 Capital has acquired this trophy-quality building situated in Chicago’s prominent Oak Street luxury district.

Chicago-based L3 Capital and LaSalle Investment Management are underway with their own downtown repositioning. They closed on a $63.25M deal last year for the long-dormant Barnes & Noble building and are looking to bring new office and retail tenants to the 77K SF property.

The publisher of Time Out entertainment magazines confirmed plans to open one of the largest food halls in Chicago in 2019, in the Fulton Market district that’s already a destination for foodies.

2017 saw the retail industry change at breakneck speed, and the pace of change is unlikely to slow in 2018.

What makes an office cool in 2017 is about more than aesthetics. It has just as much to do with options and openness. Take a look at Chicago’s Coolest Office winner #13 – Reverb. This “cool” office is located in one of L3 Capital’s renovated buildings.