LOS ANGELES-Downtown retail here has reached a tipping point and may soon become a major destination for shoppers on par with San Francisco and New York. At least that's the claim of an executive with Brookfield Office Properties, which has laid a $40-million bet on the proposition.
Ed Hogan, the national director of retail leasing for Brookfield Office Properties, claims a key sign of downtown's potential transformation into a shopping destination is the recent commitment of Zara, a contemporary fashion outlet for men, women and children.
Zara has just signed to open a 27,000-square-foot flagship store in the FIGat7th shopping center, which has undergone a $40-million renovation by Brookfield. Zara's new store is expected to open in spring, 2014, and will showcase the brand's fashions within its signature store architecture and design.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
