Urban Remix Loses Lease at 1468 S. Michigan

According to SouthLoopConnection:

After four years in the South Loop at 1468 S. Michigan Ave., Urban Remix, the up-scale furniture consignment store will close at the end of August.

According to their post, the consignment store lost their lease.  While we don't exactly know why the lost their lease we would presume it's either because another tenant has expressed interest or because the owners are asking for increase rent (given that there appears to be more desire to open a business on this stretch of Michigan avenue).

Does anyone have additional background?

It does sound like Urban Remix isn't permanently closing.  The owner is looking for warehouse space.  Not sure if that's in the Sloop or elsewhere though.

Anyway, the store was a unique and nice place to visit in the neighborhood.  Sad to see them go (at least for now).