For More Information:
Larry Schaffel, 312/642.8869
Tricia Van Horn, 312/642.8869

Treasure Island Foods signs long-term lease as first retail tenant at Lakeshore East

Treasure Island Foods, a leading supermarket chain, has signed a long-term lease to become the first retail tenant at Lakeshore East, the $4 billion mixed-use development at the intersection of the Chicago River and Lake Michigan.
The full-service grocer will occupy approximately 27,000 square feet in a three-story, 87,000-square-foot Village Market Center to be constructed at 333 E. Benton Place at the southwest corner of the 28-acre neighborhood north of Millennium Park. Randolph Street, Columbus Drive, Wacker Drive and Lake Shore Drive bound the transformed urban golf course. The retail center is scheduled for completion in 2007.
“This will not only be our first retail tenant, it will be the first grocery store in the emerging New East Side neighborhood,” observed Brian Gordon, vice president of development for Magellan Development Group, co-developer of Lakeshore East. “This will not only be an enormous convenience for people making their home at Lakeshore
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East, but for our residential and commercial neighbors as well.”
Rob Rowe of Sierra Advisors represented Lakeshore East in the lease transaction.
Planning for the market center was provided by the California office of the international architectural design firm of KMD, whose portfolio includes the widely acclaimed Two Rodeo Drive in Beverly Hills, CA in collaboration with architectural design by Loewenberg Associates.
The Treasure Island Foods supermarket chain was established in 1963 and has been labeled the most European supermarket in America with a wide variety of top quality products at competitive prices from around the world combined with a selection of innovative cooked foods and baked goods prepared on the premises daily at each location.
The company’s veteran executive management team scours the globe consistently and deals with hundreds of local, national and international suppliers to maintain the largest variety of specialty foods. Treasure Island Foods offers a wide variety of natural and organic products and is known as well for major international trend-setting promotions in collaboration with many foreign countries and their embassies
Lakeshore East incorporates all the elements of a traditional city neighborhood, a lifestyle center that includes homes, retail, recreational opportunities and community amenities such as a lush public park and a planned elementary school.
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LAKESHORE EAST (TREASURE ISLAND FOODS LEASE) – Add 2

Lakeshore East is regarded as a preview of the future, a mixed-use development where people can live, work, shop, eat and pursue whatever interests them without having to get into a car.
The plan that completes the ambitious Illinois Center development allows for the construction of up to 4,950 residences, a magnificent 6-acre public park, 2.2 million gross square feet of commercial space, 1,500 hotel rooms, 770,000 square feet of retail space and a proposed elementary school.
Some 40 percent of the site will remain vibrant open space. Among the centerpiece park’s many attractions is free Wi-Fi or wireless broadband Internet access. Other park amenities include a children’s playground based on recycled rubber, a gated dog park, a large open meadow, water fountains, ornamental gardens and extensive seating. In addition, a series of smaller parks with special designs and water features will be added to the community.
Residential developments at Lakeshore East currently include the 29-story The Lancaster, the community’s first completed condominium building; The Shoreham, a 46-story apartment tower nearing completion and substantially occupied; The Regatta, a 44-story condominium building under construction; The Chandler; a 35-story condominium building under construction and 340 On The Park, a 62-story condominium tower under construction. And the Parkhomes at Lakeshore East, bordering the new public park, are in the final design stage and expected to be brought to market by spring 2006.
For additional information, please telephone (312) 642.8869, or visit www.Lakeshoreeast.com.