Whole Foods Market is set to open a new store in Chicago's Old Town neighborhood, taking over the location formerly occupied by Treasure Island Foods.
The grocery chain has signed a lease for the building at 1639 N. Wells , according to Ald. Brian Hopkins (2nd), who announced the lease in his weekly newsletter on Monday. The building has sat vacant since Treasure Island closed its Old Town grocery in 2018.
Whole Foods Market is a Texas-based chain specializing in organic foods with 10 existing Chicago locations, as reported by the Chicago Tribune.
Hopkins said in a statement that no opening date has been determined and that details regarding potential reconstruction of the property remain unclear.
"From the beginning of the redevelopment review, I was clear that restoring a full-service grocery store to this location had to be a priority," Hopkins said. "Whole Foods Market is an established operator with the capacity to serve the neighborhood for the long term."
He added: "There is still work ahead, but the signed lease is a concrete and welcome step forward."
Community Response
Ray Clark, president of the Old Town Triangle Association, welcomed the lease. "Old Town residents have consistently emphasized the importance of returning a full-service grocery store to this location," Clark said in a statement. "This lease provides welcome certainty about the site's future."
Context of Residential Development
The new grocery store will complement a major residential project underway to the south. Developer Fern Hill received approval in April from the Chicago City Council to construct a 349-unit apartment tower called Old Town Canvas at the corner of North Avenue and Wells Street, as reported by the Chicago Tribune.
The development plan had previously generated controversy. The site at 1639 N. Wells St. was used for years as a parking lot for the nearby Moody Church. Some neighbors opposed the tower, citing concerns about traffic and preserving Old Town's small-town character, while others supported it for housing needs.
Hopkins ultimately backed Fern Hill's project after the developer scaled back from an original plan for a 500-unit skyscraper. Additionally, Walgreens agreed to continue operating on the site and incorporate its store into the new apartment building, according to the Chicago Tribune.