The developers of the old Esquire Theater space at 58-68 E Oak Street, gutted and well on its way to total retail conversion, are looking to control another chunk of the top-flight Gold Coast block. 58 E Oak LLC has submitted an application for the future development of 70-104 E Oak Street, to the east. According to a newsletter from Alderman Brendan Reilly, the existing walk-ups will be demolished to make way for a two-story retail/commercial building. The facade and streetscape treatments will represent a continuation of the Esquire frontage and, indeed, it does look like one uniform project. The new retail stretch will total 180' of frontage or about 25% of the block of Oak between Michigan and Rush. Construction of 70-104 E Oak is expected to begin in late summer with completion targeted for June 2013. Leasing has yet to begin, but don't expect thrift stores or Burger Kings. According to Ald. Reilly, the developers have signed "international luxury brand tenants" to the Esquire frontage. The first wave of stores and restaurants (anchored by a steak house) should open in time for this holiday season.
·Alderman Reilly Reports
·Construction of Esquire Theater Retail Complex Underway [Curbed Chicago]
·Del Frisco's Steak House Taking Over Old Esquire Theater [Eater Chicago]