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Originally Posted by ardecila
After reading the details in the article, I just don't see this ever happening. You've got a guy with no experience downtown, trying to build big in an extremely unproven and frankly unappealing area, not to mention the known resistance that city planners have shown toward previous attempts at residential here.
It's certainly not impossible - much of River North, West Loop, South Loop, etc was equally wasteland-ish, until it wasn't. I just don't see this developer being the first to crack the nut. Reminds me of Lexington Park to some extent, which actually did get built... but only in the reckless frenzied peak of the last bubble. And it took the developer down with it.
You would normally expect an area like this to start small, but there's really nothing that brings people to this area right now. No restaurants, no office space, no bars, no residential. The shopping on Roosevelt is a world apart, and everyone drives there.
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The area isn't quite as completely dead as you describe, there is a pub right across the street with a nice back patio, as well as some fairly large offices for Northern Trust and a few different branches of government. And Kozy's Cyclery and the Maxwell Street Market are just a block west. And the Roosevelt road shopping district is only a block to the south these days with Southgate Market and The Maxwell. And the Blue Line and West Loop are only two blocks north.
The fact that nearly "everyone drives there" is why I'd consider it so urgent that some of the parking lots between Roosevelt and Congress get filled in. It's not just a matter of getting more customers in walking distance, it's a matter of making the area look more populated and walkable so that people already in walking distance in the West Loop will give it a try.
That said I don't disagree that the city seems to want to keep the area underdeveloped as a 'downtown service area', so the developer will certainly have his work cut out for him.