Property Lines - Scott Olson

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Real Estate & Retail

Premier plows forward on Venu

December 17, 2007
VenuA new site plan for the $750-million Venu project shows four anchor tenants: Whole Foods; Barnes & Noble; Arhaus, an upscale furniture retailer; and REI, an outdoor-gear superstore that would be new to the market. Premier Properties CEO Chris White said he also is talking with Carson Pirie Scott about taking space in the project. In addition to retail, Venu plans call for an office tower, 5,000-seat entertainment venue, at least 15 restaurants and two hotels, all at the southwest corner of 86th Street and Keystone Avenue. Hotel brands under consideration are Westin and Aloft. Can Premier pull it off? The company and its owner are facing some serious financial problems. The full story is here.
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