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February 15, 2011
Chicago Breaking News
Target to open in old Carson's building

Chicago Tribune
by Sandra M. Jones

Target Corp. announced on Tuesday long-anticipated plans to open a store in Chicago’s Loop.

The store, called City Target, will lease space in the Sullivan Center at 1 S. State St., which has been empty since Carson Pirie Scott closed its flagship department store in 2007.

Target plans to open the store next year. The urban format, smaller than the typical Target store, will offer fresh food, apartment essentials and clothing. It will mark the
Minneapolis-based discount chain’s 10th store in Chicago and create about 200 jobs.
Target will lease 124,000 square feet over two floors, but only 54,000 square feet will be selling space, the company said.

The retailer, known for its cheap chic, has been in talks for more than a year to lease space at the landmark Sullivan Center at State and Madison Streets.
Mayor Richard Daley was on hand as the agreement was announced at the site of the new store.

The city has poured $24.4 million in tax-increment-financing to help restore the Louis Sullivan building, which also houses offices. Chicago-based developer Joseph Freed & Associates, the building’s owner, has invested another $190 million in the national and Chicago historic landmark in the last decade.

“I applaud Target for bringing this urban store concept to Chicago, as well as the new jobs and economic opportunity this store will create,” Daley said. “Target will be an important addition to State Street, one of Chicago’s most important retail centers, and
will be located in one of city’s most architecturally significant buildings.”

“State Street’s not just State Street,” the mayor said, while standing amid ornate columns in the otherwise-empty first floor of the Sullivan Center. “It’s Michigan Avenue, it’s Wabash, it’s Dearborn, it’s Wacker, it’s Clark, it’s Roosevelt Road. It’s all of it. It’s not — it has to be more than just one street, and that’s what it is. I mean, everything’s connected.”

“The core of the city is the key,” Daley said. “If you don’t have a core of a city, most cities fail.”

The State Street store would be in keeping with the discount chain’s recent strategy to push into urban cores with smaller stores. Target recently signed deals to open a 70,000-square-foot store in the heart of Seattle and a 100,000-square foot store in a shuttered Macy’s in downtown Los Angeles. Those stores are slated to open in 2012.

“We look forward to preserving this Chicago treasure and blending in with the building’s
aesthetic, said John Griffith, executive vice president, property development at Target.

“A hallmark of Target is our flexibility in store design.”

To that end, Griffith said the shoppers should be able to do “50 to 60 percent” of their grocery shopping at the new store. “But there’s still a variety of things, from fresh baked goods, or a butcher, or fresh seafood, things of that nature, that she’ll go elsewhere to satisfy those needs,” he said.

The urban focus of the store will mean some products found at most Target outlets will not be at the State Street location, Griffith said.

“You think about the needs of the city residents, by and large are the people commuting back and forth by train. What are the things they are really able to utilize at home that perhaps out in the suburbs you don’t?” Griffith said. “You think about a lawn and patio set. There’s no room on a 3-foot by 5-foot balcony for these gigantic things you see in the suburbs.”

As for Target’s iconic red bull’s eye, the retailer is still working out the details of incorporating its logo while still respecting the building’s historic status.

Tribune reporter John Byrne contributed to this story.

On the Chicago Tribune’s newsroom blog, Trib Nation, architecture critic Blair Kamin explains why Chicago’s reaction to this announcement has been so visceral.

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February 15, 2011
Minneapolis / St. Paul Business Journal
Target to open 'City Target' on Chicago's State Street

Target Corp. is opening a store along Chicago's State Street, in the historic former Carson Pirie Scott & Co. building.

The 125,000-square-foot store, set to open in 2012, will be located amid the city's upscale retail center — the busy neighborhood is where Chicago stores decorate windows for the holiday season.

Target is calling the store a CityTarget — a brand that, Crain's reports, the Minneapolis-based retailer will use on other small-format stores in urban centers. The company last year opened a store in New York's Harlem neighborhood, and announced plans to open a store at Seattle's Pike Place.

The Carson Pirie Scott & Co. building is owned by developer Joseph Freed & Associates LLC. It was the first home of Carson's department stores and designed by architect. Louis Sullivan.

“We look forward to preserving this Chicago treasure and blending in with the building’s aesthetic," said John Griffith, Target's executive vice president for property development.

Read the company's full statement. Target currently has 10 other stores in the City of Chicago.

February 15, 2011
ABC 7 Chicago
'City Target' store to open in Loop in 2012

(CHICAGO) (WLS) -- A boost for State Street: Target will open a store with food, clothes and household items in the space once leased by Carson Pirie Scott. The State Street store, called "City Target," will occupy the first and second floor of the Sullivan Center, 1 S. State Street. The main part of the building has been empty since Carson Pirie Scott moved out in 2007. With the retailer, 85 percent of the building will be leased.

State Street, that Great Street, has had many faces over the year from legendary retailers and funny-looking streetlamps to a mall that didn't go over so well. Sears came, left, and then returned. Marshall Fields became Macy's, and in 2007 Carson's left, leaving Louis Sullivan's national historic landmark building empty. While the Sullivan Center found several tenants for its other floors, the ground floor was vacant until now.

City Target -- the smaller, urban version of the suburban big box merchant -- will offer fresh food, basic urban living items and some clothing. Because of the landmark status, Target cannot touch the building's historic features. "You'll still come in and say this is definitely a Target store. But you'll walk into this building and see the stately historic columns, the extraordinary vision glass having penetration into the box inviting people in. Things that you don't see in that suburban location," said John Griffith, Target executive vice president.

The retailer hopes to open in fall of 2012, but is trying to expedite that date to get a base of shoppers, which includes a growing number of downtown residents.

"Just activity associated with having doors open hasn't been part of the central corner, State and Madison, for years, so we're pretty excited about the bump that State Street receives at this location, but the spillover will effect locations all along State Street," said Ty Tabing, executive director Chicago Loop Alliance.

The deal to land Target took time and negotiation. The city has spent $24 million in Tax Increment Financing money on Sullivan Center. Mayor Richard M. Daley, who is often criticized for too strong a downtown focus, said it's an investment that will pay dividends for a long time.

"The core of the city is the key. If you don't have the core, those cities fail. They can't come back. This city has always kept the core strong," Mayor Daley said.

The Loop is home to a sizeable student population. With that growth there is a market for groceries, which will be part of the new store. According to company officials, the State Street City Target will create 200 jobs.

 

February 15, 2011
WLS 890 AM Chicago
Target to open store in former Carson's building

The former Carson Pirie Scott store on State Street will be home to a new Target urban concept store, Mayor Richard M. Daley and store officials announced Tuesday. The store, Target’s 10th in Chicago, will open in 2012 and create about 200 new jobs, a release from the mayor's office said.

The CityTarget concept will offer fresh food, apartment needs, trendy fashions and exclusive designer collections, the release said.

“I applaud Target for bringing this urban store concept to Chicago, as well as the new jobs and economic opportunity this store will create,” Daley said.

“Target will be an important addition to State Street, one of Chicago’s most important retail centers, and will be located in one of city’s most architecturally significant buildings.”
Daley said that when Carson’s left the Loop a few years ago, it created not only a vacant space on one of the city’s most important retail centers, but in one of Chicago’s most architecturally significant buildings.

The Carson Pirie Scott Building is a National and Chicago Historic Landmark, and many of the buildings connected to it are also designated landmarks.

“The preservation and restoration of these important buildings has kept them viable and attractive to new business opportunities that will enhance our State Street commercial corridor, Daley said.


"“We look forward to preserving this Chicago treasure and blending in with the building’s aesthetic," John Griffith, executive vice president of Target said.

"A hallmark of Target is our flexibility in store design, which allows us to bring high-quality products at great values to our urban guests.”

The public-private partnership to restore the Sullivan Center was led by Freed and Associates, which invested a total of more than $190 million in this decade-long project. The city provided $24.4 million in TIF funds for the renovation and restoration of the main building and helped the developer by acquiring other landmark properties so the entire group of buildings could be preserved.

That support helped pay for the renovation and rehabilitation of interior office space in the main Sullivan Center building, as well as mechanical system upgrades.

Exterior repairs included restoration of the terra cotta facade to its original state and reconstruction of the historic cornice.
TIF funds also helped pay for restoration of the cast iron ornamentation along the main building’s Madison and State Street facades.

The cast iron was already more than 100 years old, and was in extremely poor condition due to natural deterioration and corrosion, the release said.


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