New Dominick’s Owner at Gateway?

Here’s a shout out to all you realtors, retail industry wonks, and people in the know. What’s up with the sale of Dominick’s in the Gateway Mall? Crain’s Chicago Business just reported it. The only thing I know is that my neighbors and I have had our fingers crossed about the unending remodeling going on. We hope it means a better selection of goods is on the way.

So far, we’re all stumped whenever we walk into the place. A recent showcase move seemed wacky - the bread aisle, no longer next to the bakery, is now in the center of the store. Change can be a good thing, but this makeover is taking months. It’s like stumbling into the bathroom one morning, reaching into the cabinet for your toothbrush, and instead pulling out a cold beer.

There’s a curious reference in the Crain’s article, noting that some Dominick’s stores pay “below market rent” for their space???

Dominick’s founding family sells 7 retail properties

(Crain’s) — The founding family of Dominick’s Finer Foods, the DiMatteos, sold seven Chicago-area retail properties for about $75 million to investment advisory firm RREEF Real Estate.

The portfolio totals almost 425,000 square feet and includes Dominick’s stores in Evanston, Northfield and River Forest as well as two shopping centers anchored by Dominick’s stores: Town Square in Schaumburg and Gateway Centre in Chicago’s Rogers Park neighborhood. FULL ARTICLE...