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Gateway Developer Faces Hurdles, Eyes Summer Groundbreaking

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Sy Taxman has beefed up his development team, bringing on a couple more suburban developers, and, as we've reported before, he has scaled back his plans for The Gateway. But Ald. Walter Burnett Jr. still hasn't endorsed the development, which will require a zoning change before it can be built. The Sun-Times' David Roeder reports that the development's first phase, the Mariano's grocery store at Monroe and Halsted, has been reduced in size by about a third, to 87,000 square feet. The high-rise, which would be built later, has been reduced from 30 to 22 stories, according to Roeder (that's still taller than the 16-story building described on the Antunovich Associates website). Taxman still hasn't said definitively whether the high-rise would be rentals or a hotel, but it sounds like he'll have to go with the latter option if he wants to gain Burnett's approval. The developers hope to break ground on the grocery store this summer.
· Greektown project gets downsized [Sun-Times]
· All Curbed Chicago coverage of The Gateway [Curbed Chicago]

The Gateway

14 South Halsted Street, Chicago, IL 60607