Retailers Invade South Loop

Retailers have committed to more than half of the 330k SF of retail space at the Shops at Roosevelt Collection, McCaffery Interests managing director Clay McCaffery said last night at a small event at the mixed-use Roosevelt Collection in the South Loop. They’re all retailers associated with the likes of Michigan Avenue or State Street or the Near North Side or Lincoln Park, but none with the South Loopuntil now: H&M, ULTA Beauty, Francesca’s Collection, BlackFinn American Grille, Z Gallerie, Fleet Feet Sports, White House Black Market, Republic of Couture, and Chica Loca, a restaurant. Clay told us that it took about a year to get these retailers to commit—and more will be announced in the spring.
Besides spending the last year courting tenants, McCaffery has refurbished the property’s long plaza, which extends from Roosevelt Road to the property’s Icon movie theater. The plaza now includes a playground, seating with fire pits, a fountain, and a koi pond (and a fair number of holiday lights these days). All of the property’s 342 apartments are leased, and with the retailer commitments, buildout work has startedon the one- and two-story stores ringing the plaza, Clay says. McCaffery owns the property in a JV with Canyon-Johnson Urban Funds, acquiring it last year in a short sale.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

After Departing Trump Admin, HUD's Former Philly Head Joins Local Planning Commission

108-Acre Hawthorne Race Course Buyer Could Put Data Center On Site

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Developers Eyeing Dallas' 50-Mile Trails Loop For Uptown-Like Opportunities

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds

Chetrit Group 'Being Dissolved' As Family Turmoil Spirals

Oak Brook Investor Scoops Up Suburban Multifamily Community: The Chicago Deal Sheet

Avison Young Plans Second Major Recapitalization Since 2024

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market

Judge Approves $70M Sale Of Philly's Largest Office Complex

Big-Box Deals Push Chicago Industrial Leasing Into National Top 3

Kidder Mathews Establishes First Texas Office In DFW, Adds 6 New Brokers