Target Close to Landing in Loop Location
The retailer is checking out possible locations in densely-populated areas
A young boy leaps over pillars followed by his mother outside a Target store, Wednesday, June 13, 2007 in Philadelphia. Despite rising gasoline prices the Commerce Department reported that retail sales surged by 1.4 percent last month. (AP Photo/Rusty Kennedy)
Updated at 8:15 AM CST on Friday, Dec 10, 2010
Target is reportedly close to inking a deal to set up shop in Chicago's Loop.
The Minneapolis-based retailer could move into the Carson's building on State St. and Madison Avenue and become the retail anchor in the downtown building, the Chicago Sun-Times reports.
Target expressed interest a while back in housing a store in the now known Sullivan Center, the landmark designed by Louis Sullivan.
The School of the Art Institute of Chicago and Walgreens are already leasing space in the location where Carson's closed in 2007.
Target is targeting more urban locations where shoppers can just walk instead of driving.
"Target is sniffing around the dense urban core, everywhere from Hyde Park up to Lincoln Park," said Baum Realty Group's Allen Joffe, who's not involved in the deal.