Those Small Bar guys have been busy: Even as Phil McFarland and Ty Fujimura’s third SB location hovers on the cusp of launching in Lincoln Park (word on the street is next week) and Fujimura readies his forthcoming Japanese restaurant, Arami, in West Town, the duo found a few spare moments to freshen up yet another property in their portfolio. Opening Tuesday in the address last home to the Wicker Park DJ den Lava is The Exchange (1270 N. Milwaukee Ave.; 773-342-5282), a chic little lounge with a cocktail-centric drink list dreamed up by the former Sepia mixmaster Peter Vestinos. We sent our photographer over to snap the spot’s soft opening on Saturday.

Photography by Megan Dodge