A Gap factory store is now under construction on Broadway.
We hear that the Gap plans to open the store in time for the 2014 Christmas shopping season.
The Gap Factory Store is a bit disappointing to some. They ask why Gap would open an outlet store in Downtown Los Angeles. Downtowners would prefer to see a big lagship store to make a bigger statement. Many stores have opened in Downtown to immediately take first place in they entire chain of stores. Ralphs Market is one such instant success. Trader Joes and Whole Foods are just now catching on, each with their own planned Downtown store openings.
Upon thinking about it, most will agree that the Gay Factory Store is still a drastic improvement over the cheap tchatchkies stores that the Gap is replacing.
As for real estate, the Corey Chambers Downtown loft specialist team announced many years ago that Broadway offered an exceptional investment opportunity because its renaissance is just beginning. The owners of the Eastern Columbia loft condominium units are in the prime position to benefit from the renovation of Broadway. The L.A. Loft Blog also has a list of buildings that are most likely to go condo in the neighborhood. L.A. Loft Blog readers can get first chance to be notified when the loft buildings are just coming up for sale in order to get a jump on the competition and beat out other buyers to the best deals.
We hear that the store will be 8,500 square feet, and will be stocked with popular apparel for men, women, and children.