CHICAGO–(BUSINESS WIRE)–CIM Group today announced the signing of a long-term lease with piercing and jewelry brand Rowan for a major retail space of approximately 900 square feet on Michigan Avenue at The Shops at Tribune Tower in Chicago, Illinois. The new location is Rowan’s first in Chicago and is part of the company’s continued expansion of its retail studios in select markets across the United States.
“Rowan was founded in 2018 to provide safe piercings in a way that celebrates the experience as a milestone in life. Piercings are performed exclusively by registered nurses. All earring designs are hypoallergenic, using only ethically sourced materials, expressly suitable for freshly pierced ears.” The company uses 14k gold or pre-sterilized stainless steel and titanium earrings. Rowan does not use brass, nickel or zinc in any of the earrings and does not use any metals that may cause irritation, rashes or any type of allergic reactions,” noted Louisa Schneider, CEO and founder of Rowan.
“Rowan offers a range of popular jewelry and an elevated ear piercing experience at its signature retail studios. This adds to the eclectic mix of retailers and experiences we assemble to differentiate The Shops at Tribune Tower and enhance it as a destination for locals and visitors to the Magnificent Mile,” said Shaul Kuba, Co-Founder and Director of CIM Group.
Rowan’s location faces Pioneer Court, developed by CIM Group and Golub & Company, and with recently announced Blue Bottle Coffee, is set to open in early 2023. Rowan and Blue Bottle Coffee join Foxtrot Market and Museum of ice cream that opened earlier this year and serve locals and visitors to the area.
Pioneer Court adds a richly landscaped and artfully designed park-like area and a spectacular view corridor between the Tribune Tower and the neighboring Apple flagship store. An array of trees, shrubs, flowering plants and benches make Pioneer Court a picturesque gathering place and event space that also attracts locals and visitors. “Pioneer Court has become a popular place to take in the river view, stop for refreshments, or relax and people watch,” Kuba noted.
CIM Group controls approximately 60,000 square feet of flexible retail space on Michigan Avenue with its Tribune Tower and 444 N. Michigan Ave. properties, and its leasing team has designed and is executing a merchandising plan that brings a collection of dynamic retailers in this area of the Magnificent Mile.
The Tribune Tower Shops consist of 50,000 square feet of retail space that anchors the ground floor of the iconic 36-story, 740,000 square foot neo-Gothic Tribune Tower, which has been transformed into 162 luxury residential condominiums by owners CIM Group and Golub & Compagnie. In addition to Rowan, Blue Bottle Coffee, Foxtrot Market, and Museum of Ice Cream at The Shops, across the street, CIM Group opened a HOKA pop-up at 444 N. Michigan Ave., the 36th floor and 517,000 square feet. Class A office building with base retail on Magnificent Mile, further expanding retail options and pedestrian engagement in this increasingly popular section of Michigan Avenue.
In addition to the Tribune Tower and 444 N. Michigan Ave., CIM’s Chicago property portfolio includes 425 S. Financial Place. a 40-story, approximately one million square foot office complex in the Central Loop; Block 37, the five-level, 275,000-square-foot mall in Chicago’s Loop; mixed-use properties at 1241, 1647, and 1912 N. Milwaukee Ave. ; Paragon, an apartment development at 1326 S. State St.; Chestnut Place, a 30-story apartment and retail development at 850 N. State St.; and the 1550 On the Park residential condominium development.
About CIM Group
CIM is a community-driven real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by completing more than $60 billion in critical real estate and infrastructure projects. CIM’s diverse team of experts apply their extensive knowledge and disciplined approach to the hands-on management of real estate assets, from due diligence to operations to disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and improving every community in which it invests. For more information, visit www.cimgroup.com.
About Golub & Company
Founded in 1960, Golub & Company (“Golub”) is a vertically integrated private real estate development and investment company with a rich history of managing investments in the United States and Europe. Golub and its affiliates have owned, leased, or managed more than 50 million square feet of commercial, mixed-use, and multi-family real estate properties, including 45,000 residential units, valued at more than $10 billion, located in the United States. United and around the world. Golub prides itself on excellence in design and construction, attention to detail and respect for people and communities.
Rowan is an innovative and trendy ear piercing studio that puts safety first with its team of registered nurses and genuine hypoallergenic jewelry. Their physical locations across the United States provide a long-awaited alternative to standard mall piercings and believe that ear piercing is a milestone that should always be accessible, enjoyable, and safe for everyone. Website: www.heyrowan.com Instagram: www.instagram.com/heyrowan/