More Acorns Fall From Oak Street
It’s been a painful couple of years documenting the long series of closures that have turned Chicago’s Oak Street into a shadow of its former self. The economic crisis has hurt boutiques along the street, and the hit keep on coming.
The latest bit of bad news — Crain’s Chicago Business notes this week that Liz Claiborne is trying to sublease it’s Lucky Jeans space at 47 East Oak Street. Liz has been very active on Oak Street over the last year. It recently renovated its Kate Spade store at 56 East Oak Street after moving across the street from 101. Liz then moved Juicy Couture into the 101 East Oak Street location.
The news at number 47 is only worsened by another note from Crain’s that we tweeted about earlier this week — that the space next door at 45 East Oak Street is for sale. Loro Piana is in there now, but its lease expires this autumn and the building’s owner wants to unload the property.