Furniture retailer to become latest casualty in midtown.
Northbrook, Illinois-based CB2, a division of Crate & Barrel, will close their lone Atlanta location in midtown on December 13th. The store, located in the lobby level of the 1010 Midtown condo building on Peachtree Street, opened in 2010, and is reportedly closing due to a rent increase.
A liquidation sale will reportedly begin during the first week in December with no immediate plans to relocate or reopen elsewhere.
Another store in Santa Monica, California is also slated to close but reportedly not until late January 2016. The Santa Monica store reportedly never received enough traffic to justify staying open.
There are currently ten CB2 locations domestically and three internationally.
CB2 is not the first furniture store to close in midtown Atlanta. Bobby Berk Home, a New York-based furniture retailer, opened in late 2011 at 805 Peachtree Street, and closed in late 2013. Locally owned "Yes Home" closed at the Metropolis in 2011 after seven years in business.
A number of other businesses have recently closed in midtown including Republic of Couture, a designer clothing store, and Max's Wine Dive, a restaurant.
Crate & Barrel will continue to operate stores in Buckhead at The Shops Around Lenox and in Alpharetta at Avalon. (The Avalon location represents the relocation of the store formerly on North Point Parkway near North Point Mall.) Crate & Barrel closed its store at Perimeter Mall in Dunwoody in 2008.
What are your thoughts about CB2? Are you surprised they are closing? With the struggles along Peachtree Street in midtown, will the retailers opening in Ponce City Market suffer the same fate or will they thrive where Peachtree merchants have failed?
Please share your thoughts below.