This week Target announced it is opening a store in the Chicago Loop. For the area’s future as a business district as well as a residential community, Target makes great sense. Here’s why.
The Sullivan Center Is Good for Target
Target will open the urban-style store, which it will call CityTarget, in the historic Sullivan Center at 1 S. State St. They have leased 124,000 square feet, with 54,000 devoted to selling space and the rest for merchandising support areas.
Chicagoans have a long history of shopping at this address. Formerly known as the Carson Pirie Scott and Company Building, the Sullivan Center was designed by famed architect Louis Sullivan as a department store. For than 100 years, Carson’s was an anchor of the Loop shopping district and with Target as its newest tenant, the building will continue to draw foot traffic to State Street.
Besides being a National Historic Landmark, the stunning building with its recently renovated façade is part of what gives Chicago its unique character. It’s fortunate that State Street gets to keep this historic building intact, and gets to keep it as retail space. As Chicago Tribune Blair Kamin pointed out in his article about the announcement, “It’s always preferable when landmark buildings can retain their original use.”
Target Is Good for State Street
While the number residential condos in the Loop have increased dramatically, there hasn’t been a store like this in the Loop area to meet the daily needs of residents. Target aims to fill that void by stocking fresh food, making it easier for both residents and people who work in the Loop to shop for groceries.
Target is also known for its offering of stylish, affordable home essentials. From the northern edge of the South Loop to the West Loop to the Gold Coast, people from all walks of life and just about every income level will shop at the store that marries good design with good prices. For residents of nearby buildings such as 728 W. Jackson, 130 Canal and 208 W. Washington, the arrival of Target on State Street will make downtown living even more convenient.
The appeal and advantages of downtown Chicago living continue to rise. Contact Ted Guarnero to get in the Chicago real estate Loop 312-810-6693
Ted Guarnero, REALTOR® is a full-time real estate agent with over 1000 homes sold and $400 million in sales. Working with Compass real estate offering professional and effective real estate services to help you succeed in the local real estate market. Visit www.seeChicagorealestate.com for information on downtown Chicago real estate and to get in touch with an expert in the Chicago real estate market. Before you hire your next Realtor call Ted Guarnero 855-See-Chicago, it's on the House !