Isaac Mizrahi Defaulting on Rush Street Lease

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Early over the holiday weekend we learned by way of Chicago Tribune that Isaac Mizrahi and his firm IM Ready-Made LLC signed a lease on the now defunct 1969 Gap and previous to that, Jake storefront in November of last year and just never opened and has no plans in the future. The complaint by Rush Walton Limited Partnership seeks $635,000 in unpaid rent.

"Shortly after" Mizrahi took possession of the space, the designer's firm notified Rush Walton "that it would never open the planned Isaac Mizrahi store and would not make the required rent payments," the lawsuit said.

This store would have only been his second outside of New York which opened in 2009. Slightly larger than his new york store, this location would have housed his ready-to-wear, accessory and couture collections.
·Chicago Tribune [Official Site]
·Isaac Mizrahi [Official Site]