Michael Jordan's son aims high with new retail line

Source: Trophy Room Store

Trophy Room Store

The 25-year-old son of Michael Jordan is hoping to leverage the power of his father's legendary brand to create his own lasting legacy.

Marcus Jordan, heir to the six-time NBA champion's throne, plans to open a retail boutique called the Trophy Room in the spring of 2016, at a location yet to be determined.

"I have been around Jordan brand apparel my entire life," Jordan told CNBC in an interview. "The way the culture is shifting is a great opportunity," he said. Jordan referred to the tremendous growth of the Jordan brand since his father's retirement more than a decade ago. The brand pulled in nearly $3 billion in U.S. sales in 2014, and helped make Jordan senior an estimated $100 million last year.

Read MoreMichael Jordan game jersey sells for $173K

Jordan's second son, Marcus, graduated with a degree in hospitality management from the University of Central Florida, where he says he learned many of the skills to open his own boutique. A few years ago, he and his brother Jeffrey launched a website venture called Heir-Jordan.com, which never took flight.

When it comes to his inspiration, he says it came from his own family's trophy room in his childhood home in Chicago.

‹

• 

  Big matchups mean big ticket money for NHL, NBA
• 

  Stephon Marbury calls Michael Jordan'greedy'

›

Located in the center of their house, the Jordan family trophy room served as more than just a museum of their father's numerous accolades, trophies and memorabilia. It also served as a gathering place for friends and family to congregate, and learn a few life lessons.

Marcus says he hopes to emulate the warmth and inspiration that the Jordan family trophy room exuded. He also provided a glimpse into the Jordans' family history through photos, home videos and memorabilia.

"Every year for Christmas we would gather in the trophy room. My father would incorporate our awards with his to teach us to earn our own accolades," said Jordan.