CIM Group announced today that it has signed leases with two restaurant groups—Richard Sandoval Restaurants, owned by internationally acclaimed chef Richard Sandoval, and the Lawless Family, who specialize in hospitality and restaurants including The Gage and Henri in Chicago—both of which will bring new concept dining destinations to Block Thirty Seven.
Securing these top-quality new dining concepts at Block Thirty Seven, the five-story, 275,000-square-foot shopping, dining, and entertainment destination located in Chicago’s Central Loop, is a key component in CIM’s long-range program to enhance the mix of offerings that appeal to area workers, residents and visitors. Block Thirty Seven features an array of retail tenants such as Anthropologie, Sephora, Disney, Eileen Fisher, and Zara as well as fast-casual dining on its lower levels.
Richard Sandoval Restaurants, which specializes in innovative Mexican, Latin and Latin-Asian restaurants such as Zocalo, Venga Venga, Maya and La Sandia, with more than 35 locations in the U.S. and abroad, is making its first foray in Chicago at Block Thirty Seven, establishing a sophisticated casual multi-concept dining hall on the third floor. The restaurant group will bring its signature blend of quality and innovative cuisine to this expansive, 22,000-square-foot space. Richard Sandoval Restaurants recently opened The Commissary at CIM’s Downtown Grand Hotel and Casino in Las Vegas.
On the ground floor at the high-profile corner of Randolph and Dearborn Streets, the Lawless Family is developing a stylish, beautifully designed restaurant complemented by a sophisticated bar within a 5,500-square-foot space that is being transformed into an inviting, distinctive dining spot and gathering place.
Block Thirty Seven is located directly across the street from Macy’s State Street, the second largest department store in the nation. It is also in the heart of Chicago’s State Street retail corridor, which attracts millions of local customers and tourists annually. CIM identified this community as possessing the attributes that fit CIM’s investment model, which focuses on urban districts positioned for economic expansion with solid infrastructure and transportation networks.
About CIM Group
CIM Group is a leading real estate and infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. CIM Group draws on its experienced team of real estate, investment and finance professionals to identify and pursue investment opportunities in three primary strategic categories: repositioning and development projects in established and emerging urban areas; well-positioned operating properties in transitional and established districts; and infrastructure. CIM manages three distinct portfolios, including opportunistic, stabilized and infrastructure funds, each of which are diversified by geography and type of property within that risk profile. Headquartered in Los Angeles, CIM maintains regional offices in New York, the San Francisco Bay Area and Bethesda, Maryland. For more information, please visit www.cimgroup.com.
- Consumer Discretionary
- Real Estate
- Richard Sandoval
Karen Diehl, 310-741-9097