Dallas-Based Department Store Disruptor Moves Into Austin and New York
“Meanwhile, we’re a short time away from opening our second location at Chelsea Market in New York and, today, we’re pleased to finally share our forthcoming third location in Austin, Texas.”
After raising an additional $11 million in Series A funding, bringing its total to $25.5 million, the company is ready to expand to South Congress Avenue and also build its online presence. The new location will be a part of a new mixed-use development in ATX called Music Lane.
It’ll go in next to the first Soho House in Texas and first Equinox in Austin. Other new stores in the development include Allbirds, Lululemon, Sweetgreen, Le Labo and Reformation.
“We’re thrilled to bring Neighborhood Goods’ unique approach to retail to South Congress in 2020,” says Andrew Joblon, founder and managing principal of Turnbridge Equities. “Our development will be a vibrant reflection of Austin’s creative spirit and, with Neighborhood Goods as one of our largest tenants, we believe it’ll be a great complement to the project.”
The store’s portfolio of brands has rapidly expanded from just 24 at the Plano launch almost a year ago to 42 today. And 16 new brands will launch at Legacy West over the next six weeks.