Asian Outpost (1315 S. Wabash Ave., no phone yet), a rustic Asian mid-priced spot with between 90 and 100 seats, is scheduled to open midsummer on the elevated first floor of the space that housed the short-lived barbecue joint Ole Hardwood (which closed after a fire in December 2010) and Exposure Tapas Supper Club before that.
If the name Lois Lee (and/or her husband David) rings a bell it's because they're the owners of the Hot Woks Cool Sushi restaurants (see image above from their restaurant up on Michigan Avenue by Millennium Park). Clearly they've had some success, so it's nice to see them venture down to the Sloop for this new concept.
Best of luck and hopefully they have a better go of it than the previous two restaurants (here and here).
(Hat tip: Blarger!)