Huge retail transformation for Presidential Towers in the West Loop!
Posted by ChicagoismynewBlog! on August 20, 2009
Retail leases launch Presidential Towers redevelopment
By Eddie Baeb, Aug. 12, 2009
(Crain’s) — A health club and a trendy breakfast restaurant have signed leases to become the first new retail tenants at Presidential Towers in the West Loop, paving the way for a major redevelopment to take place beginning later this year.
Chicago-based Fitness Formula Ltd. has leased 52,043 square feet that will be spread over two levels along Clinton Street, where a glass-enclosed, three-story atrium will be built to replace a loading dock there now.
The restaurant Yolk has leased 4,200 square feet just south of the new gym that will also front Clinton between Madison and Monroe streets.
A big thanks to ChicagoRealEstateDaily.com for the article. I am 110% for this project and only wish it could start construction earlier than they’re saying. Right now, the Presidential Towers retail and parking podium is a huge, blank, brick wall and is basically an indoor mall but now, this will make it so the storefronts are facing the outside…the more modern version of a mall.
Check out the full article by clicking HERE!