Tuesday, August 23, 2011

High Profile Retail Spot on Roosevelt/State Corner Becomes Available

Grant Park Cleaners, the well positioned business on the Southeast corner of Roosevelt and State, has closed up shop and moved their operations to the shopping area West of the river. Although the move is a bit of a surprise, since a cleaners right next to the el seems like a great location, we can only imagine that it was prompted by escalating rent.

Regardless of the reason, the move means that a retail space with an excellent location is now available. If you're an avid reader of the blog, you probably know that we like to ponder what might be the best business to fill this space.

Given it's proximity to the el and space for outdoor seating, seems like an enticing spot for a restaurant/coffee shop/QSR type of place. While we always prefer local owned businesses, our guess is that various "chains" would be clamoring for this spot.

Einstein bagel? Chipotle? Any other thoughts? Or any other ideas for types of businesses that might flourish in this space?