Eataly in NY is at Broadway and 23rd. I've been inside the building, but before Eataly opened. It enjoys prime frontage on Madison Square. I guess State Street would be comparable to that type of environment - not super-luxury or tourist-centric but very busy, dense, urban, with a mix of offices and hotels nearby.
Bastianich talks about being off Michigan Avenue, so I assumed he meant the Mag Mile (as most Chicagoans would). As an out-of-towner, though, he might not distinguish among the various stretches of Michigan. So, yeah, Sullivan Center might be a possibility. The L's presence works against the visibility of a Madison/Wabash location, but the impending demolition of the station above will bring a bit more light down.
Unfortunately Sullivan Center is in the Loop, so it's pretty sleepy at night. Plus, Bastianich et al. might have concerns about locating next door to a Target. Eataly's snootiness and pretension is the antithesis of Target.
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la forme d'une ville change plus vite, hélas! que le coeur d'un mortel...
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