"Fast-fashion retailer Uniqlo plans to open a new store in a long-vacant Downtown Crossing building, bringing new energy to a high-profile corner as the shopping district rebounds from the pandemic. The Japanese-based global apparel retailer will occupy 25,000 square feet of the first and second floors of 399 Washington St., joining similar nearby retailers Marshalls, T.J. Maxx, Old Navy, Gap, Primark, and Macy's."
"The new owners, Noam Ron, a partner at the Hudson Group, and Even Papanastasiou, managing partner at Assembly Investments, bought the property for $13 million, which was 80% less than its prior sale in 2017. The property is the first for the duo, who also happen to be brothers-in-law, in Downtown Crossing. Assembly Investments, a New York-based real estate firm, holds investments there, while Hudson Group, a Boston boutique developer, owns other buildings in the area."
Uniqlo plans to open a new store at 399 Washington St., occupying 25,000 square feet on the first and second floors. The location will sit among nearby retailers such as Marshalls, T.J. Maxx, Old Navy, Gap, Primark, and Macy's. The opening is one of 11 new U.S. stores scheduled for spring and summer 2026; the company operates 78 U.S. stores and 2,500 worldwide. New owners Noam Ron and Even Papanastasiou purchased the property for $13 million, roughly 80% less than its 2017 sale. The Washington Street storefront was last occupied by Barnes & Noble, which closed in 2006; vacancy followed amid owners who failed to adapt to modern retail.
Read at Boston.com
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