REAL ESTATE

Wal-Mart uses farmers market to pressure Chicago for site

BY CSA STAFF

Chicago In an effort to apply more pressure on City Hall, Wal-Mart Stores will hold a farmers market on Saturday at the vacant site where it wants to build its second Chicago store, according to an article in the Chicago Tribune.

Truckloads of fresh fruits and vegetables, supplied by Wal-Mart vendors, are slated to be for sale from 10 a.m. to 2 p.m. Saturday, and a local radio station will be broadcasting from the event, according to Wal-Mart.

The move is Wal-Mart’s latest tactic in its five-year battle to build a Supercenter in the South Side Chatham neighborhood of Chicago. Currently, a restriction to an existing development agreement has kept the discount chain out of the Chatham Market shopping center.

Wal-Mart unveiled a Web site over the weekend, chicago.walmartcommunity.com, featuring videos from local residents and community leaders supporting the new store.

In April, Ald. Howard Brookins reignited the battle to bring Wal-Mart into his ward at Chatham Market by introducing the proposal to amend the development agreement.

That amendment, now before the Rules Committee, could come up for a vote when the City Council meets next week.

A Lowe’s home-improvement store already is open at Chatham Market. Discount grocer Aldi plans to open a store there next year.

Labor unions have threatened to resurrect a big-box ordinance proposal to set minimum pay and health benefits for workers if the City Council passes the amendment.

Such a public fight could hurt Chicago’s bid to host the 2016 Summer Olympics, according to the Tribune.

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REAL ESTATE

Designer, artist expands on Madison Avenue

BY CSA STAFF

New York City The leasing team of Faith Hope Consolo and Joseph Aquino of Prudential Douglas Elliman’s retail leasing, marketing and sales division said Monday it has leased space for the expansion of collector, designer and artist Deborah Buck’s Buck House at 1318 Madison Avenue.

Prudential Douglas Elliman represented both the landlord and tenant in the long-term lease.

Located along New York City’s Madison Avenue, the boutique features a European-style townhouse garden; neighboring stores include antique dealers Linda Horn, Gerald Bland Gallery, Carnegie Hill Antiques and other interior design, furniture and objects d’art stores.

This is the third New York location for Buck House.

“That Buck House is expanding says a lot about the state of retail in this city,” said Aquino. “It’s not just the essentials that are selling well. New Yorkers are out there shopping at every price point.”

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REAL ESTATE

Chicago real estate guru and former retailer dies

BY CSA STAFF

Chicago Clifford Johnson, 85, Jewel Cos. real estate veteran, died July 9 at his home in Arlington Heights, Ill., according to his son Glenn Johnson, director of design, architecture and engineering for Westchester, Ill.-based TriLand Properties.

Johnson worked for Jewel Cos. for 37 years and ascended to the title of executive VP real estate, construction and development. He was responsible for and oversaw the growth and development of the multiple companies under the Jewel corporate umbrella and was regarded as one of the premier retail real estate executives in the United States during the 1960’s -1980’s.

Johnson was instrumental in the acquisitions of Eisner Foods Stores and Osco Drug, which helped drive the Jewel’s expansion from the small standalone store concept in the 1950’s to the Jewel-Osco combination stores during the 1960’s, 1970’s and 1980’s. He was also involved with the acquisition and development of other Jewel retail concept initiatives during this time frame including TurnStyle, White Hen Pantries, the Jewel Grand Bazaar and Republic Lumber.

Upon Jewel Cos.’ acquisition by American Stores in 1984, he was retained by the new owners to provide guidance for the transition, finally retiring from American Stores in 1986. 

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