Whatever the case, yesterday was not a positive day for the Motor Row district -- the city's attempt to make Michigan Avenue south of Cermak into an entertainment mecca. Chicagorealestatedaily.com reports:
Deals to bring a Cheap Trick-themed night club and a circus-cabaret dinner theater to Motor Row have fizzled, a double blow to the city's plan to turn the strip west of McCormick Place into an entertainment district.
The owner of a building at 2245 S. Michigan Ave. has put the property up for sale after developer Landmark America LLC couldn't deliver on plans to turn the former Buick dealership into a Cheap Trick restaurant, music venue and museum, said Mark Nelson, principal at NelsonHill, the Chicago-based brokerage hired to sell the building.The silver lining is that it sounds like the businesses still have interest in the area, but not in the developer.
For the savvy, well informed reader you may remember that the developer, the embattled Pam Gleichman, has had a lot of issues with her projects in Motor Row.
So why did we say 2 steps forward and only 1 step back? In our mind, the new Green line CTA stop at Cermak is a huge step forward. Even if these two businesses don't end up in Motor Row...some will eventually.
It's just taking a lonnnnnnnnnnnnggggggggggggg time.
(Hat tip: EM, AR, TL!)
