Calvin Klein plans to open a flagship store at SHVO’s 530 Broadway in SoHo, parent company PVH Corp. said on its third-quarter earnings call. PVH CEO Stefan Larsson on the call called SoHo “one of the best brand-building and foot traffic locations in the world.” The new store is expected to open by the end of 2025.

The 7,294-square-foot retail store is part of Calvin Klein’s plan to open flagship locations worldwide, highlighting the ongoing return of brick-and-mortar retail. Data from research firm Forrester suggest that 72% of total U.S. retail sales will occur in brick-and-mortar stores into 2028.

530 Broadway comprises what were originally three adjacent structures on the corner of Broadway and Spring Street. SHVO acquired the early-20th century complex in 2020 and spearheaded its mixed-use redevelopment, bringing in architecture firm Snarkitecture to complete its first office project.

Childress Klein is asking the city of Charlotte to rezone a 213,000 square foot office property at 2101 Rexford Road so it can redevelop the property into a mixed-use venture. If the developer gets its way, the property, Esplanade at SouthPark and an adjacent parcel, could include up to 675 multifamily units and 277,000 square feet of office space.

The Charlotte Business Journal reported Childress Klein acquired the property in June 2023 for $31 million. Esplanade at SouthPark was built in 1982 and renovated in 2015. Current tenants include Noble Insurance Advisors, McMichael & Gray and Terrascope Public Relations.

The development site shown in the rezoning also includes Rexford Park II, a 77,000-square-foot office building at at 2115 Rexford Road.

The development is expected to include four total buildings, as well as outdoor amenity areas and green space.