With new leases signed at three rail stations, the CTA announced last week that 82% of its available concession space was leased.
According to a press release, the Chicago Transit Board last week approved multiyear leases for:
- Monroe/Adams Blue Line: Adams Newsstand
- Midway Orange Line: Dunkin’ Donuts (extended lease)
- Dempster-Skokie Yellow Line: Ciao Bella Express coffee and food shop
“Combined, the three leases of the spaces—ranging in size from 201 to 237 square feet—will generate just over $65,000 annually in lease proceeds. The base leases, ranging from 5 to 10 years each, are projected to generate $536,800.”
When the Red North Station Interim Improvements project is complete, a number of spaces north of Wilson will become available for lease too.
At the Morse station — the first to receive a waterproofed rail bed, with new ties, track and ballast — at least five new commercial spaces will be rehabbed and available for lease, including two or three under the Lunt entrance.
The CTA will use the site of a former currency exchange at Morse to expand the Morse station house, according to 49th Ward Alderman Joe Moore.