Evidently, 8.5-acres isn't enough. Structured Development, who are in the midst of building the massive New City project in the Clybourn Corridor, just filed plans with the city to expand its retail/apartment empire with a new 213,000-square-foot mixed use development at Kingsbury and Blackhawk, according to Crain's. Along with plans to develop a 130,000-square-foot building at 2032 North Clybourn, as well as continued speculation that the Finkl site is destined to be a hotbed of development in the future, Structured's continued frenzy for development suggests we're far from the end of development in the near northwest side.
The four-story, 110,000-square-foot structure designed by RTKL Associates will ideally serve as a bridge of sorts between New City and neighboring retail, according to Structured principal J. Michael Drew, creating a pedestrian corridor as well as a prime spot for a national retailer. Big brands are clamoring for a storefront in the marquee commercial district (And who wouldn't want to be located across from Whole Foods and down the street from VIP's?). It'll be interesting to see how the neighborhood handles the influx of car traffic from more shoppers, as the area already can become quite congested on weekends.
Structured will need to overcome a few hurdles before getting started, including obtaining a zoning change a finding a new home for a current tenant, Anixter Center, a non-profit that provide support services for the disabled.
·This $80 million Clybourn Corridor project is moving forward [Crain's]
·Previous New City coverage [Curbed Chicago]