Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Toledo Ohio-based custom tailor Michael Smith reopens the Connecticut Avenue outlet of “The Custom Shop” after purchasing the company’s name, customer records and website for $379,000 in a bankruptcy proceeding. The doors to the Dupont Circle area shop closed in March.

Smith believes he can revitalize the custom-designed suits and shirts retail chain that dates back to 1937. “Founder Mortimer Levitt built a powerhouse business, but the last two owners were misdirected and under funded,” says Smith, who will serve as the new company CEO. Smith is also reopening two stores in San Francisco and one in Houston. He purchased the reopened stores for an undisclosed amount in an auction. Before the bankruptcy proceedings there were three other Washington DC-area locations: McClean, Virginia’s Tyson’s Galleria, Arlington, Virginia’s Pentagon Square and Montgomery County, Maryland’s White Flint Mall.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.