CONFIRMED: Uniqlo Is Definitely Coming To Chestnut Street

UNIQLOFinally, I’ve got confirmation that those Uniqlo rumors are true: The Japanese fast-fashion retailer is moving into the Art Institute building (formerly Filene’s Basement) at 1608 Chestnut Street. It’s slated to open in late-spring, early-summer; my source tells me it’s most likely going to open around Memorial Day. I’ve got word that retail kings Michael Salove Company brokered the deal, and that Uniqlo is taking over the entire 40,000-square-foot, four-floor building. How much the company actually ends up retailing out of remains to be seen, but it will be a single-tenant, freestanding Uniqlo building. (Cheer!)

So is this good news?