Good News, Bad News Roundup
Here’s a roundup of the good and not-so-good news affecting Chicago retail, development, and more.
: Crain’s reports
that First Chicago Bancorp is going to move to Chicago.
Bad news: Chicago Community Bank has closed its location on Michigan Avenue and Lake Street.
Bad news: There are five vacant storefronts on just the north side of the premier shopping block of Oak Street. Only one has “coming soon” sign for a replacement.
Bad news: That’s Our Bag, the luggage store that’s been having an “everything must go” sale on the corner of Lake and Wabash for years and years looks like it’s really going out of business this time, since there are now “Store Closing” and “Fixtures For Sale” signs in the windows.
Good news: The Hotel Felix is open and looks nice.
Bad news: The Mark Shale clothing chain has filed for bankruptcy and will close many of its stores.
: We received a text message stating that MNG By Mango has closed its Water Tower Place
Bad news: We received another text message that a store near Sephora in Water Tower Place has also been papered over.
Bad news: Nuts on Clark has closed its Water Tower Place location.
Good news: Holy Name Cathedral has raised $95,000 to repair its roof after February’s fire.
Bad news: Holy Name Cathedral needs probably close to eight million dollars to repair its roof after February’s fire.
Good news: Holy Name has received roof repair donations from churches in other states.
Bad news: Holy Name has received roof repair donations from only two churches in its own diocese (We’re looking at you, Old Saint Pat’s).
: The Sun-Times reports
that Roosevelt University is planning a new 32-story tower on South Wabash.
: WBBM-TV reports
that new life may be breathed into the Chicago Spire.
Bad news: The Cubs are thinking about hosting 50 night games this season.
Good news: The Cubs are thinking about hosting 50 night games this season.
Good news: We’re going to move a lot of this same information on our Twitter feed .
Bad news: We’re going to move a lot of this same information on our Twitter feed .