Crate & Barrel Closing Chicago Flagship Store
Crate & Barrel is closing its Chicago flagship store on Michigan Ave. The plan had been to close Jan. 24, but it could close earlier as most of the heavily discounted merchandise has already sold. The space will be taken over by Starbucks, which is opening its third and largest Reserve Roastery. The four-story coffee shop will open next year after a $10 million renovation.
“This building has a unique way of becoming a beacon for a brand, and I can’t think of a better retailer than Starbucks to offer Chicago something new and exciting with its Reserve Roastery,” Gordon Segal, founder of Crate and Barrel, said in a statement. Crate & Barrel has occupied the space for 27 years, and Segal owns the building. Crate & Barrel has no plans to open another location in the Chicago; it operates one other location in the city.