New Apple store to open at North/Clybourn/Halsted intersection.
Posted by ChicagoismynewBlog! on April 14, 2009
Apple picks North & Clybourn
“The Loop is playing to a slightly lower socio-economic group than North and Clybourn,” says developer Bill Smith, a principal in Chicago-based Smithfield Properties LLC. “Look at the demographics of Lincoln Park.”
Cupertino, Calif.-based Apple, which has been mulling over the North Avenue location for about 18 months, has signed a long-term lease, paying top-dollar annual rent of about $700,000 just for the land, sources say. Apple would build a roughly 15,000-square-foot store, designed by the San Francisco office of architectural firm Bohlin Cywinski Jackson, sources say. The firm designed Apple’s “glass cube” store on Fifth Avenue in Manhattan and its 25,000-square-foot outlet at 679 N. Michigan Ave., which opened in 2003. Spokeswomen for Apple and Bohlin decline to comment.