The new Michael's Fresh Market on 47th Street (between Woodlawn and Lake Park) is finally open. It takes the place of the ill-fated Co-Op Supermarket in the Lake Pointe Park Shopping Center.
The space is cavernous. The product selection is something between Village Foods and Treasure Island, and the prices for what I purchased weren't much lower than those at Treasure Island. There are lots of non-perishable aisles, but not much variety in produce, meats, or fish. Some aisles are mysteriously small, with little diversity given the space, like the cold cereal aisle, the bread aisle, and the selection of baby diapers and wipes. There are no upscale imported cheeses, there is no "unusual" fresh produce like rapini, and there are only a couple of brands of yogurt. But it's not all Target stock: you can find some common import brands like Bonne Maman jams, and Mestemacher German pumpernickel (near the deli).
I'm not an expert in Asian foods, but that aisle is relatively big, with large bags of rice (Calrose, Thai) and bottled sauces (mostly Asian-American brands, though). There's an Indian section with bulk spices that seems more substantial than that of any of our existing Hyde Park-Kenwood stores.
By and large this is the sort of store where even the frozen pizzas tend to be Connie's and Stouffers, not Annie's or Puck's or even California Pizza Kitchen. But in a neighborhood verging on a food desert, Michael's is a welcome addition.
**Addendum, 8/2/2010: I revisited Michael's today, and had a much better experience. I think in the week since I've been there they have continued stocking, and there were noticeable improvements. There are still things missing, like fresh-baked loaves of bread, but perhaps those, too, are gradually on their way.**