Roosevelt Collection's plaza plans unveiled, retail en route?
Announcement on tenants to come in a few weeks, McCaffery says
11/16/2011 3:08 PM
With demolition complete on a big chunk of the Roosevelt Collection’s unused retail, the South Loop development’s new owner is showing off plans for the new green space that will debut next year.
The island of vacant buildings in the middle of the horseshoe-shaped building was torn up earlier this year, and new owner McCaffery Interests is planning on landscaping it and installing a plaza by sometime next year. The company-released renderings, shown at right, were recently displayed at a Near South Planning Board banquet.
But McCaffery officials also said they’re getting ready to make another big announcement soon: new retail tenants.
Currently, the only business operating out of the space is the Kerasotes Showplace Icon movie theater. But McCaffery said they’ve got letters of intent from several businesses to negotiate lease terms, and are preparing an announcement in the next few weeks.
“We’re very encouraged with the level of interest,” said Managing Director Clayton McCaffery. “As the retail environment continues to show signs of positive recovery and positive sales, we’re very confident that the South Loop will be a center of focus.”