DAVID HALL/CRAIN'S DETROIT BUSINESS
The building at 1201 Woodward Ave., which previously housed The Detroit Shoppe, could become home to a new Detroit location for Restoration Hardware.
Restoration Hardware is planning to open a flagship store in downtown Detroit, my sources tell me.
The new location is expected to open on the 1200 block of Woodward Avenue, though in which building is unclear. Sources say it will open either in 1201 Woodward Ave., which previously housed The Detroit Shoppe, or in 1261 Woodward Ave., the space where the Somerset Collection’s CityLoft popped up during the holidays until being moved to the First National building this year.
Representatives of Dan Gilbert’s Bedrock Real Estate Services LLC, which owns 1201 Woodward and controls the master lease at 1261 Woodward, said they don't comment on rumors or speculation. A spokeswoman for Restoration Hardware also had no comment.
Corte Madera, Calif.-based Restoration Hardware is a luxury home-furnishings retailer, selling furniture, fixtures, textiles and knick knacks you didn’t know you needed. It reported $19.4 million in revenue last quarter, which was announced Wednesday, and said it “sees a clear path toward $4 billion to $5 billion in North American sales.”
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