(For more retail coverage, click GlobeSt.com/RETAIL.)
CHICAGO-Construction is expected to begin soon on the more than$40-million MetraMarket, the 200,000-sf, ground-level retailredevelopment being created beneath overhead commuter rail tracks.The first phase of the development, approximately 66,000 sf on thesouth block, is 50% preleased, says Jim Whittington, managingdirector of finance and investments for US Equities Realty.
Paris-based Sebastien Bensidoun has signed a 15,000-sf lease toanchor the redevelopment while Providence, RI-based CVS is adding a14,000-sf location in the new two-block retail area north of theOgilvie Transportation Center. Caffe RoM, a European coffee bar byday and wine bar in the afternoon and evening, will occupy 2,900 sfon Canal Street, between Randolph and Washington streets.
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