Uptown in the News
January 19, 2004
Target Corp. is negotiating to build or lease a 180,000-square-foot store in the Wilson yard mixed-use development in Uptown. The Minneapolis-based retailer is evaluating a letter of intent from the site's developer, a joint venture of Holsten Real Estate Development Corp. and Kenard Corp., said Holsten President Peter Holsten. Target has just two stores in Chicago and is building its third at Roosevelt Road and Clark Street in the South Loop. Target would run a two-level store on the five-acre Wilson Yard site, just south of the Wilson Avenue elevated train station on the Chicago Transit Authority's Red Line, Mr. Holsten said. California-based Century Theatres Inc. also has signed a letter of intent to operate a movie theater that would be built atop the Target store, he said. A Target spokeswoman did not return a call.
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