retail move – realestatesource

CHAPEL Street’s Jam Factory is set to lose two of its biggest retailers, with music store Virgin, and American coffee giant Gloria Jeans quitting their prominent tenancies.

The Virgin store, which occupies store T9 at the Jam Factory, occupies 938 square metres – or about the size of seven standard shops.

CB Richard Ellis’ executive Max Cookes, who is marketing the space with Travis Osborne, said the space would ideally be suited to an international retailer looking for a Chapel Street flagship store.

Victoria

Le Louvre to Shut Famous Polished Copper French Doors For Good Next Month

December 15, 2009 Marc Pallisco Melbourne retail news, retail move

IT will be the end of an era in Collins Street, with exclusive boutique Le Louvre shutting its famous polished copper French doors for good, in January.

The 87-year old retailer is bidding au revoir to the “Paris End” of the city named after it – eight months after its second generation owner Georgina Weir sold the 1855 building to Queensland-based fund manager QIC for $13.1 million.

Le Louvre will relocate to another historic and heritage protected South Yarra building at 2 Daly Street, owned by the Melbourne and Metropolitan Tramways Board since 1927.