Site Selection Update
Your Site Selection team, along with the rest of the Chicago Market Board, is hard at work finding the best location for the co-op. We talked with Site Selection team member Mark Alheim to get the latest on his group’s progress:
“We looked at the universe of sites and narrowed it to three to five stronger candidate sites that best fit our criteria,” Mark says.
In recent days, many Board members have toured the prospective sites and are giving their assessments on them.
cThe process is fluid, though, because — as is always the case with real estate — properties can get scooped up by others and new properties can come on the market.
Next up is further research and negotiation around those sites, followed by site inspections and estimates on build-out and design.
The team is currently interviewing architects, with a keen eye toward those who’ve previously designed grocery stores. “Planning a grocery store is much more intricate than people think,” Mark says.
After the site and architect are chosen, Chicago Market’s contractor will get to work getting the store ready for shoppers.
“One of our criteria is to be near the center of gravity of our current ownership,” Mark says. “No site is perfect. But, I think, in the end, we’re all going to be really happy.”