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CHICAGO-DSW Inc. will open the first retail store today in the redeveloped portion of the Sullivan Center, formerly known as the Carson Pirie Scott & Co. building on South State Street. The mixed-use, historic tower has had about $190 million in renovations for its office and retail sections, with Target also expected to debut at the building this summer.
Joseph Freed & Associates was touting the DSW opening this week as leasing manager for the building. However, the opening is a bittersweet role after Freed had to relinquish most of its ownership interest in the tower after Boston-based Winthrop Realty Trust and Toronto-based Elad Canada Inc. bought the PNC-held defaulted note on the building in December.
DSW has 25,000 square feet of the 200,000-square-feet of vacant space at the tower. Store executives said this week that there will be more than 32,000 pairs of shoes on sale in two stories at the building. This is the company’s second downtown Chicago store.
Target plans to open its roughly 100,000-square-foot store at the building on July 25. This will be one of the Minneapolis-based retailers new urban CityTarget stores, which will focus more on smaller, portable goods and more fresh food choices. Health food chain Pret A Manger will operate in the store.
With the two retail leases, and a plan by Walgreens Co. to double its 20,000 square feet of office, the one-million-square-foot tower will reportedly be about 85% occupied by this fall. Other office tenants include Gensler, City Year and the Illinois Department of Employment Security.
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