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Construction Set for 200,000-SF Retail Site

CHICAGO-Construction is expected to begin soon on the more than $40-million MetraMarket, a ground-level retail project going up beneath overhead commuter rail tracks.

By Gina Kenny | Updated on February 09, 2007

(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 retail redevelopment being created beneath overhead commuter rail tracks. The first phase of the development, approximately 66,000 sf on the south block, is 50% preleased, says Jim Whittington, managing director of finance and investments for US Equities Realty.

Paris-based Sebastien Bensidoun has signed a 15,000-sf lease to anchor the redevelopment while Providence, RI-based CVS is adding a 14,000-sf location in the new two-block retail area north of the Ogilvie Transportation Center. Caffe RoM, a European coffee bar by day and wine bar in the afternoon and evening, will occupy 2,900 sf on Canal Street, between Randolph and Washington streets.

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