A Lincoln Park storefront at 2650 N. Clark St. will become a Target in July. It is currently a Best Buy. View Full Caption Target

CHICAGO — Target will take over the Best Buy storefront in Lincoln Park, opening its newest Chicago location in July, the retailer said Tuesday.

The Minneapolis-based chain announced that it will take over the space at 2650 N. Clark St., just south of Diversey Parkway. The announcement comes as Target continues to invest heavily in Chicago and other urban markets.

It's also part of the company's strategy to build "flexible" stores, so that Target can fit into spaces considerably smaller than traditional stores, said Gina Ribaudo, Target spokeswoman.

The Lincoln Park Target will be one of 14 "flexible format stores" the company plans to open in urban areas within the next two years, Ribaudo said.

A Lincoln Park storefront at 2650 N. Clark St. will become a Target in July. It is currently a Best Buy.

The space occupied by Best Buy is about 32,000 square feet, Ribaudo said in a news release. That's slightly larger than the TargetExpress under construction in Lakeview.

Lincoln Park's Target will have a pharmacy, a grocery section, home products for "urban apartments" as well as the standard sections found in Target.

Also available at the Target will be the "curbside" service. Customers with the curbside app can pick up online orders at the entrance of local Targets, the company said in a news release. The service is available at 10 Chicago locations as part of a test in certain markets, the company said.

Best Buy's lease at the storefront runs through January 2019, but the company is looking to end it prior to that, said Ryan Stanzel, Best Buy Spokesman.

"We have been in discussion with our landlord on exiting our lease at our Clark Street store, but we do not have a binding agreement at this time," Stanzel said in a statement. "If we make the decision to exit this store, we will work to help our employees secure positions at nearby stores."

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