Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
It appears the ink is dry on the deal that's bringing Michael Kors to Burberry's old spot on Rittenhouse Row. Left vacant by the British retailer last month, the 8,052-square-foot building at 1705 Walnut Street was recently purchased by Pearl Properties of Philadelphia for a cool $5 mill. Just in time to kick off the summer, Michael Kors has a projected opening date of May 15, reports Philadelphia Business Journal.
P.S. Regarding news that J.Crew will open a men's store at the corner spot currently hosting Juicy Couture on Walnut, our contact at J.Crew tell us there's "no info on a Philly men's store at the moment." We'll circle back later.
· Walnut Street building sells for $5M [Phila. Business Journal]
· Woot! Michael Kors and J.Crew Men's Headed for Walnut [Racked Philly]
· Burberry Walnut Street to Close This Saturday [Racked Philly]