"OFF TARGET: Uptown residents keeping watch over the Wilson Yard property at Montrose and Wilson are a vigilant group. Many of them reminded me that the site's developer, Peter Holsten, vowed in December that construction on the Target store would begin in January. He said so in the Sun-Times.
January is gone in the winter slush, and yet no construction has started. I know that thanks to many e-mails. So a conversation with Holsten was mandatory but not revelatory.
"Nothing's wrong and we are in good shape but I cannot talk about it," he said. Many retailers have been delaying or scrapping store expansions because the economy is pinching their earnings and banks are less eager to lend."