Ethan Allen Interiors Inc. (NYSE: ETH) is bringing a new store to Louisville.
The high-end furniture retailer has signed a lease to open a 7,000-square-foot Ethan Allen Design Center at 4230 Summit Plaza Drive inside the Paddock Shops, Catherine Plaisted, vice president of marketing for Ethan Allen, confirmed to Business First.
The store, which is tentatively scheduled to open in April or May, will cost $350,000 to build out, according to a permit filed with Louisville Metro Government.
“This strategic move will enhance our ability to cater to our clients, as the new design center will showcase our latest innovative technology and premium designer workstations and tools, enabling us to deliver exceptional service. We aim to establish ourselves as ‘The Interior Design Destination,’” Plaisted said in an email.
A Paddock Shops representative declined to comment when reached Thursday by phone.
Ethan Allen is a “global luxury home fashion” brand, according to a U.S. Securities and Exchange Commission filing, offering a range of home furnishing products online and through a retail network of design centers. The company operated 139 stores, as of June 30, employing 3,748 people and reporting $791.4 million in revenue for the fiscal year 2023.
Ethan Allen has an existing Louisville store at 4607 Shelbyville Road, less than seven miles from the Paddock Shops. Plaisted said she does not have any information regarding the future of the Shelbyville Road store at this time.
The Paddock Shops sold for $96.8 million in November to CBRE Strategic Partners U.S. Value 9, through a joint venture with Fairbourne Properties. The 353,665-square-foot shopping center is 88% leased, home to tenants like Aerie, Barnes & Noble, Mitchell’s Fish Market, Talbots and more.
