Commissary Market will take over Treasure Island space in Old Town

Developer Fern Hill recently announced that they have struck a deal with 1350 Commissary Market to give them a new home in the former Treasure Island retail space just north of their proposed 36-story mixed-use development that is currently under consideration by the community and Alderman Hopkins.

As they continue to identify a larger tenant for the Treasure Island parcel on Wells St., the Old Town Commissary Market will be a co-tenant with Walgreens, which will temporarily relocate to a portion of the existing retail space while its new flagship location is constructed. For 45 years, the family-owned and operated market served as a convenient grocery store and offered a mix of upscale and everyday offerings to customers. The Old Town Commissary Market will be larger than the previous Gold Coast location and will bring much needed offerings to the neighborhood, including an expanded selection of groceries, a full-scale deli with home cooked meals, and other necessities. 

Through the agreement, the Old Town Commissary Market will operate in the Treasure Island space with the option to move into a new retail location at the base of the proposed residential building as soon as a larger tenant is identified.  

Designed by GREC Architects, the proposed larger mixed-use tower at 1600 N. LaSalle will rise 36 stories to a height of 395 feet. The building is proposed to have a total of 500 rental units, with 100 of them, or 20%, set aside as affordable at or below 60% AMI. 

At the ground floor, Walgreens will occupy 14,000 square feet of new retail space at the corner of W. North Ave and N. Wells St. Another retail space will occupy the opposite corner at W. North Ave and N. LaSalle Dr. The residential lobby will be located in the center of the project’s street frontage along W. North Ave. The north end of the N. LaSalle Dr frontage will have a single vehicular access point for residential parking, parking for Moody Church, and loading access. There will be 150 parking spaces for the residential units and 300 dedicated exclusively for Moody Church.

The larger development is still under consideration by the community and Alderman Hopkins and will need a series of approval from the City to move forward.