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New City Mega-Development Packing Major Retail Anchors

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As one of the city's biggest development sprouts up at the North and Clybourn corridor, the retail centerpieces of the New City mega-development are coming into focus, as well as the increased mall-ification of this stretch of the city. In addition to nearly 200 residential units (which will command some of the city's highest rental prices at more than $3 per square feet), the development will also incorporate a 14 screen ArcLight Cinema, restaurant a Dick's Sporting Goods with a green roof, a Mariano's (set to brawl with the nearby Whole Foods) and a King's Bowl bowling alley.

Developer Michael Drew originally acquired the land in 2007, and has persevered through a credit boom and bust to see the massive project nearly come to fruition (residential occupancy is set for May of next year). Ever since Home Depot turned a Procter & Gamble soap factory on North Avenue into one of the chain's top-performing locations, tower cranes have constantly circled the neighborhood as new retail stores keep succeeding. New City's biggest change may be adding residential and residential-focused retail and restaurants to an area dominated by commercial interests; luckily for new tenants, the heavily trafficked area is walkable.
·New City is Bringing 370,000 Feet of Retail to Lincoln Park [Chicago Magazine]
·Here's a More Recent Look at New City's Quick Progress [Curbed Chicago]
·Previous New City coverage [Curbed Chicago]


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