New Loop food hall coming this summer
Chicago’s next downtown food hall finally has a name.
The 10,500-square-foot project, first announced in July, will be called Wells St. Market. (Though its address is officially 205 W. Wacker Drive, the building sits at the corner of Wacker Drive and Wells Street.)
“Names are tough,” said Michael Marsal, founder of Alvarez & Marsal Property Investments (AMPI), which is partnering with Ameritus Real Estate Investment Management for the project. But to him, highlighting the building’s location was key. The northern part of the Loop doesn’t have many approachable restaurants, he said; he intends for the vendors at Wells St. Market to fix that problem.
As for who those vendors will be, that’s TBA. All Marsal will reveal right now is that there will be at least eight food stalls, with a mix of local and national names.
“We have a major New York-based food name that is a tenant, and we also have a true Chicago upstart that has never had a permanent location,” he said.
For interior design, Marsal snagged Karen Herold of Studio K, who has designed some of the most sleek restaurants in town, including Girl & the Goat, Balena, Maple & Ash and GT Fish & Oyster.
Herold is still working on the look of the hall, but Marsal was able to share renderings for the exterior remodel, which is being overseen by local architecture firm Holabird & Root.
“We wanted to breathe new life into the street,” Marsal said. “Like many of the buildings along Wacker, [this one] was reskinned in the ’80s with marble. We’re removing that, so it looks a little more classic and refined.”
That’s just the beginning. Holabird will add new entrances and floor-to-ceiling windows, which can be opened during the warmer months.
Expect Wells St. Market to open in late summer.
Wells St. entrance
View from across the river of Wells St. Market
View along Wacker Drive