Golf retailer Greyson to replace shuttered John Varvatos store

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February-04-21, 01:55 PM
Lowell

Golf retailer Greyson to replace shuttered John Varvatos store

Just in via Crain's.

The John Varvatos store in downtown Detroit, shuttered since March, is closed for good and will be replaced by Greyson Clothiers, which is moving into more space from a different central business district location.

Greyson is taking a little over 4,000 square feet in the Wright-Kay Building at 1500 Woodward Ave. formerly occupied by the high-end John Varvatos Enterprises Inc. clothing store, bumping the golf and other athletic apparel retailer up from the approximately 3,400 square feet it had in the First National Building.

Both buildings are owned by billionaire mortgage and real estate mogul Dan Gilbert, whose Bedrock LLC real estate management, development and leasing company announced the move on Wednesday.

"Welcoming another small business to Woodward Avenue is a very exciting moment for us," said Ivy Greaner, COO for Bedrock. "Unique brands like Greyson are what continues to make downtown Detroit a shopping destination and we cannot wait to watch their creative concept continue to grow.

Greyson is expected to open in the middle of the month. A build-out cost was not disclosed. The company opened its First National Building space in the spring of 2019 in conjunction with the first Rocket Mortgage Classic PGA golf tournament held at Detroit Golf Club.

John Varvatos Enterprises filed for Chapter 11 bankruptcy protection in Delaware in early May.
https://www.crainsdetroit.com/real-e...-store-detroit
February-04-21, 02:03 PM
313WX

That's an odd place for a golf retailer.

But I wish them success.
February-04-21, 02:21 PM
JonWylie

Quote:

Originally Posted by 313WX

That's an odd place for a golf retailer.

But I wish them success.

They originally were brought in during the Rocket Mortgage Classic, I didn't expect them to stick around now. However, golf apparel is similar to yoga apparel in which certain people wear it all day long. Just looking at their website, they describe themselves as "Golf, Lifestyle, and Activewear."

Maybe husbands will go there while their wives go to Lululemon...
February-04-21, 03:09 PM
401don

I doubt there will be much to do in terms of build out. It's a similar business and Varvatos did a nice job on what was already a gorgeous building. I haven't hit the links for a couple of years. Maybe I'll check them out for some checkered pants.:cool:
February-04-21, 03:23 PM
Honky Tonk

pictures

Attachment 41277

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February-04-21, 03:53 PM
Danny

Horrible!!!! Gilbert Town Detroit is really going backwards. Blame COVID-19, too.
February-04-21, 06:37 PM
EGrant

I think it speaks more to the business strategy of a company that sold $300 white t-shirts than it does to a decline in Detroit.
February-04-21, 06:48 PM
Satiricalivory

Quote:

Originally Posted by 313WX

That's an odd place for a golf retailer.

But I wish them success.

MTE, golf? seriously?
February-05-21, 02:00 PM
casscorridor

"Merchants Row" is not a viable shopping district. Rents are highly subsidized by Bedrock [[if not free), and even then, the shops have few customers. The pandemic has only made things worse, but it was true even before.
February-05-21, 02:13 PM
Zacha341

Yep. Dig it! That's about Zuckerberg's price range ala the 'elite' casual t-shirts and semi-wrinkled dockers, proletariat look - that was always so obvious. Not the average persons range for duds at all.

Persons buying at that level often use private buyers, and for sure ain't walking up into a store on Woodward, in Detroit. Nope.

Quote:

Originally Posted by EGrant

I think it speaks more to the business strategy of a company that sold $300 white t-shirts than it does to a decline in Detroit.
February-05-21, 02:23 PM
Zacha341

Nice to hear from you CC...:)... Yeah at the peak of my consumerism it was always annoying that most of these stores rolled-up-the-side walk early, often closed by 6 or 7 PM. Which made mall or suburban shopping all the more convenient. Sign....

Quote:

Originally Posted by casscorridor

"Merchants Row" is not a viable shopping district. Rents are highly subsidized by Bedrock [[if not free), and even then, the shops have few customers. The pandemic has only made things worse, but it was true even before.
February-06-21, 02:10 PM
stasu1213

I would had love to see a Columbia or Nautica Outlet store in that spot than s store that probably wasn't doing well in the First National building
February-07-21, 03:44 PM
JonWylie

Quote:

Originally Posted by stasu1213

I would had love to see a Columbia or Nautica Outlet store in that spot than s store that probably wasn't doing well in the First National building

I feel like this move indicates they were doing alright
February-07-21, 03:46 PM
JonWylie

Quote:

Originally Posted by casscorridor

"Merchants Row" is not a viable shopping district. Rents are highly subsidized by Bedrock [[if not free), and even then, the shops have few customers. The pandemic has only made things worse, but it was true even before.

I'm not sure how often you're downtown but those stores have seemed pretty busy this year, all things considered. There's often a line at the Nike store to get in.