"You may or may not be aware, but The LEX has a business tenant coming into the commercial space at the corner of Michigan Ave & Cermak Rd. South Loop Market is coming this Spring! Please pardon the intermittent noise as the build out takes place. We apologize for any inconvenience and we look forward to welcoming the 4th location of South Loop Market, and to the fresh grocery options coming soon. Check out southloopmarket.com for more info."It appears that the South Loop Market empire continues its rise...watch out 7-11!
This will be their 4th South Loop Market in the neighborhood. They are also opening up a market in the Marina Towers in River North (it's unclear, albeit doubtful, that they will call this one South Loop Market).
While a convenience store might not be the most sexy retail business, it seems like you have to chalk this up as another good development for the Motor Row area. The guys at South Loop Market clearly seem to have a model that's working but there is another market (McCormick Market) that's just across the street in the retail strip on the northwest side of Cermak and Michigan. As they say...competition is a good thing.
Could Motor Row really be gaining momentum? Maybe...maybe.
(Hat tip: DT!)