West Loop Target breaks ground Saturday
Store expected to open in July 2012
09/09/2011 6:42 PM
The West Loop Target store is breaking ground Saturday at the corner of Jackson Boulevard and Aberdeen Street, according to a release from Ald. Bob Fioretti (2nd).
The store is scheduled to open in a year, with its grand opening in July 2012. According a release from Fiorettiís office, it will feature a full grocery section, a pharmacy, a health clinic, a Starbucks and 30 bike racks. According to Fiorettiís release, it will also have a 384-space parking garage at street level beneath the store.
Itíll provide 175 to 225 total jobs, a quarter of which will be full-time positions, he said. Both full and part-time employees will be eligible for benefits.
Target purchased the vacant, nearly four-acre site between Jackson, Van Buren, Aberdeen and an alley, last July for more than $9.3 million. A previous developerís ambitious plans for hundreds of new condominiums and retail space at the property withered as the economy and housing market began its tumble in 2008.
The storeís design was altered last year from a brick-centric design to a more glass-centric one after protests from community groups.
Fioretti said Target had not requested any tax increment financing, or TIF, subsidies.