Restoration Hardware
Since the early 1990s, Open Realty has served Restoration Hardware as its exclusive consultant in real estate and development, helping the company grow from its first store in Old Town Eureka, California to over 130 galleries throughout the U.S. and Canada. In recent years, Restoration Hardware has realized remarkable growth as a result of an ever-expanding product assortment. To ensure that Restoration Hardware continues to grow and achieve its long-term vision, Restoration Hardware has asked Open Realty to assist in the cultivation of a compelling new strategy to gradually replace Restoration Hardware’s conventional retail showrooms with large-scale, architecturally unique, multi-level RH Galleries, ranging in size from 40,000 to 65,000 square feet.
About Restoration Hardware Holdings, Inc.
RH is a curator of design, taste and style in the luxury lifestyle market. The Company offers collections through its retail galleries, source books, and online at RH.com.
“I’ve learned in my years of business there are unteachable traits: intellect, curiosity, creativity, and passion. I’ve also found that when conceptualizing and executing a real estate strategy, arguably the most significant long-term decisions any of us will make, maximum optionality leads to optimal results. Mark, Johnny and the Open Realty team have demonstrated the above traits, and in combination with being on the forefront of retail development, they create tremendous optionality. Optionality that I believe would not be possible operating with a traditional, internal retail real estate model. They have been extraordinary ambassadors for the RH brand to the development community, and quite frankly are a lot of fun to work with. At RH, we like to say we believe in the rules of the jungle, “Where the big do not always eat the little, but the fast always eat the slow”. When it comes to Open Realty, fast is as slow as they go.”
- Gary Friedman, Chairman & CEO, RH Restoration Hardware