ARLINGTON, Texas -- A New York-based company that is trying to disrupt the fashion industry will soon be arriving in North Texas.
Rent the Runway offers customers a designer-clad wardrobe without having to spend thousands.
For a monthly subscription fee of $89 to $159, customers can rent wardrobes. Customers can also rent items individually for a lesser price.
Rent the Runway also recently announced a wedding concierge program for events leading up to the big day, but that does not include bridal dresses or other wedding day attire.
Rent the Runway is planning to open a 300,000-square-foot distribution center at 1111 Bardin Road in south Arlington some time in 2019.
According to a city staff report, Rent the Runway’s estimated capital investment is just under $35.2 million, with most of the costs tied to dry cleaning, machinery and equipment.
The City Council approved incentives for the company that include reimbursement of 65 percent of business personal property taxes for seven years or until the cumulative total reaches $343,000.
Rent the Runway is required to keep at least 300 full-time employees but says it will employ 605 full time with an average annual salary of $33,426. The distribution center is scheduled to open by the end of the year.
