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  #46781  
Old Posted Feb 14, 2020, 9:30 PM
SamInTheLoop SamInTheLoop is offline
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Originally Posted by ChiTownWonder View Post
I might be getting slightly political here but I don't believe the process of choosing opportunity zones was very fair in every state. Chicago's makes sense while here in New Orleans, freret street (an already gentrifying neighborhood corridor) and the entire CBD are in opportunity zones... areas of cancer alley along the Mississippi are in them as well, seemingly to promote more industrial development. While Illinois may have chose appropriate census tracts for the opportunity zones I personally believe that our neighborhoods are loosing out because of inappropriate selection of opportunity zones in gentrified and already sustained neighborhoods in other states... I'm not sure what can be done at the local level but personally I'm already happy seeing promised investment in the form of projects like south bridge, that new east Garfield park proposal and Garfield Green. The next step is the see the city/ developers follow through.

You're completely correct here, and no - you're not being political, but rather analytical. Glowrock gets it as well.

The Opportunity Zone program is nothing but a boondoggle throughout much of the country.

It's no wonder that capital being raised for Opportunity Zone funds are being directed toward designated opportunity zones that already had real estate capital freely flowing in without the existence of this tax expenditure. Go figure. Such largesse. It's free money from the developer's point of view. You can continue to invest in an area that has established pro-formas and risk premia. And get the tax give-away to further juice your return. Or you can jump into a new area without the benchmarks.....much more unknown risk.

So of course areas/states that rigorously applied standards to ensure truly low income areas of need that may very well not otherwise receive these investment dollars are at a distinct disadvantage to those that did not.

I think that funds will flow into Chicago's Opportunity Zones - it will just take more time to gain momentum than other states/metros.
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  #46782  
Old Posted Feb 16, 2020, 12:56 AM
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  #46783  
Old Posted Feb 16, 2020, 12:56 AM
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  #46784  
Old Posted Feb 16, 2020, 2:17 AM
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Originally Posted by emathias View Post
I, for one, didn't think it seemed crazy then. Chicago used to predict the future and build for it. Sometimes the future changed by the time we were done building (Deep Tunnel/TARP, I'm looking at you), but we took the "make no small plans" thing pretty seriously. Today it seems like everyone is afraid to make big proposals in the public sphere. We get a few ambitious private plans (The 78, Lincoln Yards) or "public/private partnership" things (Millennium Park, that nonsense between Soldier Field and the South Loop), but when's the last time the City really aggressively pursued a generationally big infrastructure project? CREATE might meet the definition, but it seems to move so slowly. It's known to be needed, and needed to help maintain Chicago's dominance in transshipment and rail, two things we need and want to keep around, but for an amount that's relatively affordable for what it gives us, it's just slowly being done piecemeal. Rebuilding the Pink Line, Green Line, and Dan Ryan branch, extending the Brown Line platforms, the Red Line extension to 130th, and the Belmont Flyover are all important and add value, but aren't really fundamentally changing anything about how Chicago works. The Circle Line would have fundamentally changed Chicago's concept of the Central Area. But a truly grand plan would be even bigger than that. Chicago hasn't had a truly revolutionary transit plan since the 1968 plan that included moving the Loop into a subway and adding subways under Monroe and between Streeterville and McCormick Place. At the time that was proposed, the City saw the future - they saw a time when the West Loop, Streeterville and the South Loop were all going to be big, active parts of greater downtown and need better-than-bus connectivity. But then Chicago lost its mojo for a while and hasn't really gotten it fully back.

Don't get me wrong, I'm very glad that the City has still focused on maintaining what we have and making incremental improvements. While smaller and less extensive, pound for pound, I think the CTA rail system is better than New York's.

And I know budgets are tight and pensions at the City and State level are threatening to turn everything in the state into a budgetary nuclear winter.

But. Still.

Chicago still needs that Monroe/Streeterville/McCormick Place plan - now more than ever. Current plans in Chicago would really benefit from the Circle Line, too. The West Loop Transportation Center was proposed and then promptly shelved as unviable politically and economically, basically also pulling a Clinton Street subway off the table. Electrification of additional Metra lines gets mumbled about occasionally but generally ignored, despite the fact it would really help improve air quality downtown if we stopped running dozens and dozens of huge diesel engines in and out of downtown every day. The City built out a station under Block 37 but their only idea for the connection was a train to O'Hare and without that the station sits wastefully vacant despite the fact that connecting the Red and Blue Lines opens up some potentially interesting routing options. The Dearborn Subway also still has a stub at Lake Street to accommodate a Lake Street subway - that could be activated to send the Green Line underground under the Loop and to the State Street subway and then back up south of Roosevelt, freeing up space on the Loop. There are also portals next to the Blue Line's Congress subway portals at Halsted that could be put to use.

Ultimately, I'd love to see the City say, "Hey, our downtown is growing like crazy. To accommodate what has happened, and facilitate even greater future growth, we're going to:"

1) Change the Orange Line connection to the Loop by building tracks north through the 78 to connect to the Loop at Wells/VanBuren, with new stations at Cermak, Roosevelt and 18th and one in between. $350 million

2) Extend Lower Michigan Ave from Grand Ave to Lake Shore Drive at Oak Street. Do this as part of the LSD rebuild and lakeshore reconstruction being planned. Create a Lower Chicago Ave from just west of Orleans to just west of Fairbanks and implement real BRT for Chicago Ave west of the River to Kedzie. And turn both into bus-only. $225 million (if done as part of an LSD/Lakefront rebuild project)

3) Turn Carroll Street into a proper transitway, connecting to Lower Michigan and making some collection of streets between the east end of Carroll to Navy Pier transit-only, while making transitways in downtown all for dedicated electric buses. Connect the Carroll street transitway to a "bus subway" level in the West Loop Transportation Center, and make parts of Kingsbury bus-only, with dedicated (and enforced) lanes in segments with shared traffic. I want to make these rail streetcars, but unless we can make it a dedicated ROW the whole way, they are useless if they get stuck in traffic. $75 million.

4) Build the West Loop/Streeterville/McCormick Place circulator subway from the Medical district (Ogden/Western) and extend the Streeterville branch from the Hancock west to Clark, then initially north to Armitage but eventually with the goal of going north to Wilson under Broadway, and the south branch extending to 35th Street along the Lake. Can place a yard on railyard land near Western/Ogden. It's 11.5 miles of subway for Ogden/Western, Clark/Armitage, 35th/lakefront routings and roughly 23 stations. Initial cost for those segments, $6.75 billion. Extension to Wilson, $2 billion.

5) Build the West Loop Transportation Center, specifically including a Clinton Street Subway under Halsted from Clybourn to Division then under Kingsbury to Larrabee, then jogging over the Clinton. Then that jogs west to Halsted south of Congress, continuing to 40th, with future plans to extend it east eventually joining Woodlawn to serve Hyde Park, terminating at 63rd. And a subway busway for buses as originally proposed. Initial WLTC plus Clinton Subway going from Halsted/Clybourn to Halsted/40th and a rail yard at 40th: $7.25 billion. Extension east and south to Hyde Park $3.25 billion.

6) Build the Circle Line with the north end far enough north to serve Lincoln Yards (Cortland and Elston) then going east under Armitage Ave to join the north Branch of the West Loop/Streeterville/McCormick lines, and the southwest edge not joining the Orange Line, but following Bubbly Creek to 35th, then a subway to the Lakefront, joining the south end of the West Loop/Streeterville/McCormick subway. So piggy-backing off the circulator. $5 billion.

7) Extend Brown Line to Blue Line. Transfer only, no interlining. $1.5 billion

8) Elevate Brown Line from Western to west of Kedzie, then transition to subway for extension to Blue. Expand yard. $750 million

8) Stations no further apart than 1 mile - 1/2 mile being the target distance for each line - and then DX-16 zoning within 1/4 mile of every station and some sort of at least -4 zoning within 1/4 and 1/2 mile, and an outright ban on new SFH construction within a mile of any new station (or a $1 million tax on any new SFH within a mile of new stations so the really rich can have their cake if they want, while helping pay for the subways). Create a transit-TIF. Free to pass the laws.

Total additions to the system:
~71 stations over ~38 miles (2 stations on existing track, so average of about 1 new station per 1/2 mile of new track)

Total initial costs, without ultimate extensions, rounded up to nearest billion:
$21.9 billion

Total extensions:
$5.25 billion

Financing cost 66.7% financed for 30 years @3%: $9.375 billion

Total long-term costs:
$36.525 billion

Land area within 1/4 mile of new stations (38 stations*.125 square miles):
4.75 square miles

Land area within 1/2 mile of new stations, net of the area 1/4 mile (38 stations *(.5-.125) square miles):
14.25 square miles

Revenue:
Estimated homes within 1/2 mile of new stations, pre-investment: 120,000. Post-investment: 180,000

Estimated increase in property tax revenue from existing homes via appreciation and/or special district: $500
Estimated increase in property tax revenue from new homes: $3,000

Annual property tax residential revenue: (120,000*$500)+(60,000*$3,000)= $240 million per year
Annual retail/commercial property tax revenue (estimated 38 million square feet of space, retail, office, warehouse, etc): $450 million

Total new revenue per year, at completion: $690 million

35-year collection: $24.15 billion
Estimated State contribution: 20% of total $27.15 billion = $5.43 billion
Estimated Federal contribution: 20% of total $27.15 billion = $5.43 billion

Total state, Federal, and property tax collections @35 years:
$35.01 billion

Net unfinanced cost to come from other sources: $1.515 billion or, over 35 years, $43.29 million per year in unfinanced cost.

So for lack of less than $50 million/year, the CTA is making little plans.
Awesome post man. How long did that take to produce?
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  #46785  
Old Posted Feb 16, 2020, 7:59 PM
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  #46786  
Old Posted Feb 17, 2020, 3:57 PM
Goose Island Guru Goose Island Guru is offline
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Originally Posted by emathias View Post
I, for one, didn't think it seemed crazy then. Chicago used to predict the future and build for it. Sometimes the future changed by the time we were done building (Deep Tunnel/TARP, I'm looking at you), but we took the "make no small plans" thing pretty seriously. Today it seems like everyone is afraid to make big proposals in the public sphere. We get a few ambitious private plans (The 78, Lincoln Yards) or "public/private partnership" things (Millennium Park, that nonsense between Soldier Field and the South Loop), but when's the last time the City really aggressively pursued a generationally big infrastructure project? CREATE might meet the definition, but it seems to move so slowly. It's known to be needed, and needed to help maintain Chicago's dominance in transshipment and rail, two things we need and want to keep around, but for an amount that's relatively affordable for what it gives us, it's just slowly being done piecemeal. Rebuilding the Pink Line, Green Line, and Dan Ryan branch, extending the Brown Line platforms, the Red Line extension to 130th, and the Belmont Flyover are all important and add value, but aren't really fundamentally changing anything about how Chicago works. The Circle Line would have fundamentally changed Chicago's concept of the Central Area. But a truly grand plan would be even bigger than that. Chicago hasn't had a truly revolutionary transit plan since the 1968 plan that included moving the Loop into a subway and adding subways under Monroe and between Streeterville and McCormick Place. At the time that was proposed, the City saw the future - they saw a time when the West Loop, Streeterville and the South Loop were all going to be big, active parts of greater downtown and need better-than-bus connectivity. But then Chicago lost its mojo for a while and hasn't really gotten it fully back.

Don't get me wrong, I'm very glad that the City has still focused on maintaining what we have and making incremental improvements. While smaller and less extensive, pound for pound, I think the CTA rail system is better than New York's.

And I know budgets are tight and pensions at the City and State level are threatening to turn everything in the state into a budgetary nuclear winter.

But. Still.

Chicago still needs that Monroe/Streeterville/McCormick Place plan - now more than ever. Current plans in Chicago would really benefit from the Circle Line, too. The West Loop Transportation Center was proposed and then promptly shelved as unviable politically and economically, basically also pulling a Clinton Street subway off the table. Electrification of additional Metra lines gets mumbled about occasionally but generally ignored, despite the fact it would really help improve air quality downtown if we stopped running dozens and dozens of huge diesel engines in and out of downtown every day. The City built out a station under Block 37 but their only idea for the connection was a train to O'Hare and without that the station sits wastefully vacant despite the fact that connecting the Red and Blue Lines opens up some potentially interesting routing options. The Dearborn Subway also still has a stub at Lake Street to accommodate a Lake Street subway - that could be activated to send the Green Line underground under the Loop and to the State Street subway and then back up south of Roosevelt, freeing up space on the Loop. There are also portals next to the Blue Line's Congress subway portals at Halsted that could be put to use.

Ultimately, I'd love to see the City say, "Hey, our downtown is growing like crazy. To accommodate what has happened, and facilitate even greater future growth, we're going to:"

1) Change the Orange Line connection to the Loop by building tracks north through the 78 to connect to the Loop at Wells/VanBuren, with new stations at Cermak, Roosevelt and 18th and one in between. $350 million

2) Extend Lower Michigan Ave from Grand Ave to Lake Shore Drive at Oak Street. Do this as part of the LSD rebuild and lakeshore reconstruction being planned. Create a Lower Chicago Ave from just west of Orleans to just west of Fairbanks and implement real BRT for Chicago Ave west of the River to Kedzie. And turn both into bus-only. $225 million (if done as part of an LSD/Lakefront rebuild project)

3) Turn Carroll Street into a proper transitway, connecting to Lower Michigan and making some collection of streets between the east end of Carroll to Navy Pier transit-only, while making transitways in downtown all for dedicated electric buses. Connect the Carroll street transitway to a "bus subway" level in the West Loop Transportation Center, and make parts of Kingsbury bus-only, with dedicated (and enforced) lanes in segments with shared traffic. I want to make these rail streetcars, but unless we can make it a dedicated ROW the whole way, they are useless if they get stuck in traffic. $75 million.

4) Build the West Loop/Streeterville/McCormick Place circulator subway from the Medical district (Ogden/Western) and extend the Streeterville branch from the Hancock west to Clark, then initially north to Armitage but eventually with the goal of going north to Wilson under Broadway, and the south branch extending to 35th Street along the Lake. Can place a yard on railyard land near Western/Ogden. It's 11.5 miles of subway for Ogden/Western, Clark/Armitage, 35th/lakefront routings and roughly 23 stations. Initial cost for those segments, $6.75 billion. Extension to Wilson, $2 billion.

5) Build the West Loop Transportation Center, specifically including a Clinton Street Subway under Halsted from Clybourn to Division then under Kingsbury to Larrabee, then jogging over the Clinton. Then that jogs west to Halsted south of Congress, continuing to 40th, with future plans to extend it east eventually joining Woodlawn to serve Hyde Park, terminating at 63rd. And a subway busway for buses as originally proposed. Initial WLTC plus Clinton Subway going from Halsted/Clybourn to Halsted/40th and a rail yard at 40th: $7.25 billion. Extension east and south to Hyde Park $3.25 billion.

6) Build the Circle Line with the north end far enough north to serve Lincoln Yards (Cortland and Elston) then going east under Armitage Ave to join the north Branch of the West Loop/Streeterville/McCormick lines, and the southwest edge not joining the Orange Line, but following Bubbly Creek to 35th, then a subway to the Lakefront, joining the south end of the West Loop/Streeterville/McCormick subway. So piggy-backing off the circulator. $5 billion.

7) Extend Brown Line to Blue Line. Transfer only, no interlining. $1.5 billion

8) Elevate Brown Line from Western to west of Kedzie, then transition to subway for extension to Blue. Expand yard. $750 million

8) Stations no further apart than 1 mile - 1/2 mile being the target distance for each line - and then DX-16 zoning within 1/4 mile of every station and some sort of at least -4 zoning within 1/4 and 1/2 mile, and an outright ban on new SFH construction within a mile of any new station (or a $1 million tax on any new SFH within a mile of new stations so the really rich can have their cake if they want, while helping pay for the subways). Create a transit-TIF. Free to pass the laws.

Total additions to the system:
~71 stations over ~38 miles (2 stations on existing track, so average of about 1 new station per 1/2 mile of new track)

Total initial costs, without ultimate extensions, rounded up to nearest billion:
$21.9 billion

Total extensions:
$5.25 billion

Financing cost 66.7% financed for 30 years @3%: $9.375 billion

Total long-term costs:
$36.525 billion

Land area within 1/4 mile of new stations (38 stations*.125 square miles):
4.75 square miles

Land area within 1/2 mile of new stations, net of the area 1/4 mile (38 stations *(.5-.125) square miles):
14.25 square miles

Revenue:
Estimated homes within 1/2 mile of new stations, pre-investment: 120,000. Post-investment: 180,000

Estimated increase in property tax revenue from existing homes via appreciation and/or special district: $500
Estimated increase in property tax revenue from new homes: $3,000

Annual property tax residential revenue: (120,000*$500)+(60,000*$3,000)= $240 million per year
Annual retail/commercial property tax revenue (estimated 38 million square feet of space, retail, office, warehouse, etc): $450 million

Total new revenue per year, at completion: $690 million

35-year collection: $24.15 billion
Estimated State contribution: 20% of total $27.15 billion = $5.43 billion
Estimated Federal contribution: 20% of total $27.15 billion = $5.43 billion

Total state, Federal, and property tax collections @35 years:
$35.01 billion

Net unfinanced cost to come from other sources: $1.515 billion or, over 35 years, $43.29 million per year in unfinanced cost.

So for lack of less than $50 million/year, the CTA is making little plans.
If I decide to run for mayor, I'm shamelessly taking this as my platform.
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  #46787  
Old Posted Feb 17, 2020, 10:03 PM
w.miles2000 w.miles2000 is offline
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What the updates on the cta green line Damen/Lake station do anyone know when are CDOT going to start construction
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  #46788  
Old Posted Feb 17, 2020, 10:04 PM
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  #46789  
Old Posted Feb 18, 2020, 2:41 AM
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Last edited by ardecila; Feb 18, 2020 at 2:53 AM.
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  #46790  
Old Posted Feb 18, 2020, 2:51 AM
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notice the cross-lam timber construction!



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  #46791  
Old Posted Feb 19, 2020, 1:46 AM
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Zoning application is up to convert the building at 1050 W Wilson into the future home of Double Door music venue (you know the one that used to be in Wicker Park..)
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  #46792  
Old Posted Feb 19, 2020, 1:57 AM
Rooster slayer Rooster slayer is offline
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Originally Posted by marothisu View Post
Zoning application is up to convert the building at 1050 W Wilson into the future home of Double Door music venue (you know the one that used to be in Wicker Park..)

Yup....good to hear.
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  #46793  
Old Posted Feb 19, 2020, 2:09 AM
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Alright here's another big development from Chinese developers. A new zoning application is up to build on the big (not good looking) parcel of land bounded by 18th street, Stewart, Canal, and 17th street. This is diagonally across the street from 18th from Chicago Oriental Wholesale.

https://www.google.com/maps/@41.8577...7i16384!8i8192

Plans call for a new 59 foot tall building with retail and restaurant uses. Total space will be 159,396 sq ft and a total of 168 parking spaces. Reminder that a bit south of there at 2105 S Jefferson, a warehouse was quietly converted into a mall by Chinese developers. I have "uncovered" plans for a new hot pot restaurant to open there in March. Across from that another Chinese developer is planning to build 7 new buildings and just as much retail space with over 200 new residential units. And of course on Cermak not far from there currently a warehouse is being converted into a new hotel, big Chinese market, Chinese restaurants, etc.

Application: https://chicago.legistar.com/Legisla...vanced&Search=
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Last edited by marothisu; Feb 19, 2020 at 2:26 AM.
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  #46794  
Old Posted Feb 19, 2020, 3:45 PM
brandon03 brandon03 is offline
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Looks like the West Loop has finally made it! \s

160 N Morgan


Nothing like a garishly painted repurposed drive-through bank to make a neighborhood feel complete.

Sorry to disappoint those hoping the scaffolding was in preparation for demo. Looks like this will have to wait at least until Gucci is done with their pop-up.
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  #46795  
Old Posted Feb 19, 2020, 3:49 PM
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Originally Posted by marothisu View Post
Alright here's another big development from Chinese developers. A new zoning application is up to build on the big (not good looking) parcel of land bounded by 18th street, Stewart, Canal, and 17th street. This is diagonally across the street from 18th from Chicago Oriental Wholesale.

https://www.google.com/maps/@41.8577...7i16384!8i8192

Plans call for a new 59 foot tall building with retail and restaurant uses. Total space will be 159,396 sq ft and a total of 168 parking spaces. Reminder that a bit south of there at 2105 S Jefferson, a warehouse was quietly converted into a mall by Chinese developers. I have "uncovered" plans for a new hot pot restaurant to open there in March. Across from that another Chinese developer is planning to build 7 new buildings and just as much retail space with over 200 new residential units. And of course on Cermak not far from there currently a warehouse is being converted into a new hotel, big Chinese market, Chinese restaurants, etc.

Application: https://chicago.legistar.com/Legisla...vanced&Search=
Great news! Between all the Chinatown/Pilsen development and The 78 (ugh, that name), BMO Tower, OPO, Riverline... can't wait to see the south loop/near south side in 10 years.
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  #46796  
Old Posted Feb 19, 2020, 3:54 PM
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Looks like the West Loop has finally made it! \s

Nothing like a garishly painted repurposed drive-through bank to make a neighborhood feel complete.

Sorry to disappoint those hoping the scaffolding was in preparation for demo. Looks like this will have to wait at least until Gucci is done with their pop-up.
I mean, this seems like a smart strategy. If the stars haven't aligned for a total redevelopment, they can make some income from the property, and everything is on short-term leases so they can easily redevelop when the opportunity arrives. Retailers are gaga for this location, and don't seem to care that it looks like a bank so long as they can customize it for their brand. I went there when it was a Burrow popup. Since they're probably not doing much sales volume, I assume this all comes out of a marketing budget.
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  #46797  
Old Posted Feb 19, 2020, 4:19 PM
BrinChi BrinChi is offline
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Originally Posted by ardecila View Post
I mean, this seems like a smart strategy. If the stars haven't aligned for a total redevelopment, they can make some income from the property, and everything is on short-term leases so they can easily redevelop when the opportunity arrives. Retailers are gaga for this location, and don't seem to care that it looks like a bank so long as they can customize it for their brand. I went there when it was a Burrow popup. Since they're probably not doing much sales volume, I assume this all comes out of a marketing budget.
Agreed. For something short term I think this is awesome! For better or worse, stuff like this is what the average person (non building nerds) will notice and feel cool about being in the hip part of town.
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  #46798  
Old Posted Feb 19, 2020, 4:27 PM
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Originally Posted by brandon03 View Post
Sorry to disappoint those hoping the scaffolding was in preparation for demo. Looks like this will have to wait at least until Gucci is done with their pop-up.
It's an absurd spectacle, and that is great. It's transient, no reason to be disappointed.
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  #46799  
Old Posted Feb 20, 2020, 8:06 PM
SamInTheLoop SamInTheLoop is offline
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Originally Posted by marothisu View Post
Alright here's another big development from Chinese developers. A new zoning application is up to build on the big (not good looking) parcel of land bounded by 18th street, Stewart, Canal, and 17th street. This is diagonally across the street from 18th from Chicago Oriental Wholesale.

https://www.google.com/maps/@41.8577...7i16384!8i8192

Plans call for a new 59 foot tall building with retail and restaurant uses. Total space will be 159,396 sq ft and a total of 168 parking spaces. Reminder that a bit south of there at 2105 S Jefferson, a warehouse was quietly converted into a mall by Chinese developers. I have "uncovered" plans for a new hot pot restaurant to open there in March. Across from that another Chinese developer is planning to build 7 new buildings and just as much retail space with over 200 new residential units. And of course on Cermak not far from there currently a warehouse is being converted into a new hotel, big Chinese market, Chinese restaurants, etc.

Application: https://chicago.legistar.com/Legisla...vanced&Search=

So if recent experience of other substantial Chinatown developments are a guide, this may be due to open in.....2037? 2045?? That might be optimistic.....probably looking at well into the second half of the 21st century....

I think it's likely that we're looking at some overbuilding of retail and restaurant space in and around Chinatown.....based on what's been built recently/under construction now/and in the pipeline - in light of macro retail trends - that's the key.

Don't get me wrong - I'm certainly pro-retail development. It's just that the demand likely won't be there for as much space as is in the works.
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  #46800  
Old Posted Feb 20, 2020, 8:20 PM
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Originally Posted by SamInTheLoop View Post
So if recent experience of other substantial Chinatown developments are a guide, this may be due to open in.....2037? 2045?? That might be optimistic.....probably looking at well into the second half of the 21st century....

I think it's likely that we're looking at some overbuilding of retail and restaurant space in and around Chinatown.....based on what's been built recently/under construction now/and in the pipeline - in light of macro retail trends - that's the key.

Don't get me wrong - I'm certainly pro-retail development. It's just that the demand likely won't be there for as much space as is in the works.
Not so sure about it. Keep in mind that the Chicago MSA has added almost 20K people born in China between 2010 and 2018. There is a demand for new retail and restaurants. Additionally, with the 78 phase 1 happening, it should add some more demand.

I think also that many people who dont know how China is underestimate this stuff. I cant stress enough how much demand there is for restaurants even in truly small towns in China or little areas. Idk if we'll see all of this but won't be surprised if it all does happen sometime. There's much more demand per person than people might realize in this community. There is also a bit of interest from chains from China in Chicago opening up. Multiple in the pipeline for this year.

Speaking of Chinatown, anyone have a report on how the new hotel on Wentworth is going and the warehouse on Cermak converting to a new hotel, restaurants, etc?
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