Mayor Richard M. Daley welcomed Sephora’s third location in Chicago today during a grand opening celebration held at 108 N. State Street.
“Sephora is a bright addition to Block 37 and another step toward keeping downtown economically vital,” Mayor Richard M. Daley said. “While many other cities have seen their downtowns fade away over the last half century, Chicago’s keeps getting better and busier despite the recession,” Daley said.
The new 5,949 square feet store joins a dozen other retailers in Block 37 and brings 25 new jobs to State Street. Sephora stores are energy efficient and environmentally friendly using LED lighting to reduce overall energy consumption. In addition, as the leading specialty retailer in recycling, Sephora recycles materials for all fixture installs.
“Community investments, like retail development, are important and that’s why we worked hard on the redevelopment agreement for Block 37,” said Mayor Daley. “When the entire project is completed, it will create hundreds of permanent jobs, too, which is very important in these tough economic times”.
More than 150,000 people live in the greater downtown area, an increase of 50,000 since the year 2000. These residents combined with the hundreds of thousands of people who commute to downtown every workday provide a huge market for goods, services and entertainment, Daley said.
“So this is a building block for more jobs. Step by step, both downtown and in our neighborhoods, we’re working hard to retain the jobs we have, create new ones and put more money in the pockets of working people throughout this city,” he said.