Oak Street
Description
Chicago’s Crown Jewel of Luxury – Timeless Elegance in the Gold Coast
In Chicago’s prestigious Gold Coast, Oak Street defines upscale shopping in the Midwest, blending heritage architecture with premier retail. Known for luxury brands like Chanel, Moncler, Van Cleef & Arpels, Harry Winston and recent additions like Akris and Loewe, Oak Street attracts discerning shoppers seeking the best in fashion and jewelry. Its exclusive vibe and strategic location next to Rush Street and 900 North Michigan Shops make it an essential address for brands that thrive on prestige.
The Oak Street Experience
Oak Street is where history and haute couture crash into one another – the area offers a quiet eleg
Oak Street has become even stronger with Lugano Diamonds opening its multi-level store. The luxury shopper has yet another choice for its diamond purchases in addition to watches, jewels and luxury apparel.
Montblanc has relocated its Chicago boutique to 15 E Oak Street, moving from its previous location on Michigan Avenue. The 1,427-square-foot space blends the brand’s modern aesthetic with heritage craftsmanship, showcasing Montblanc’s full product range, including writing instruments, Swiss-made timepieces, leather goods, and accessories.
Positioned on Oak Street—Chicago’s premier luxury retail corridor—the new boutique is designed to offer a more immersive customer experience. The storefront features black striped concrete slabs with Montblanc’s emblem and mountain silhouette, while the interior highlights include a Collector’s Wall of limited-edition pens and expanded watch displays. This strategic move underscores Montblanc’s commitment to strengthening its presence in key high-street retail markets.
Local Expert gives us the lowdown on Oak Street, Chicago
Bottega Veneta opens new store at 41 East Oak Street, Chicago
Local Expert Analysis
Market Positioning and Financial Metrics
As one of the top high streets in the Chicago MSA, Oak Street is highly desirable for flagship luxury brands. Gross rents range from $300 to $400 per square foot, and a vacancy rate below 5% reflects its high demand and exclusivity. This coveted status makes Oak Street ideal for brands that want to position themselves among global luxury leaders.
Customer Demographics and Foot Traffic
Oak Street’s clientele includes high-income residents, affluent tourists, and even celebrities, drawn by the street’s luxury mix and high-end ambiance. Foot traffic remains steady throughout the week, with heightened activity on weekends due to the nearby Rush Street
New Developments
Recent openings of brands like Akris and Loewe reinforce Oak Street’s appeal, and planned building updates continue to enhance its elite status. As new brands enter, Oak Street maintains its historic charm while evolving to meet modern luxury standards.
