-That strip mall is begging for redevelopment, as do the parking lots immediately N... perfect location for everything, TOD, LSD, lake views, good schools (if your kids can hack it)...
One of the new managers at the co-op said recently that growth has been flat for many years... but that if more shoppers came, they would have nowhere to park. Another reason for massive redevelopment here.
I remember that when the 47th street store opened, there was an enthusiastic article about it in the NYT, it was even posted on a wall in the 55th street store. The date was 20 October 1999:
A Suburbiascape Grows In Inner-City Chicago
By DIRK JOHNSON
"It is the familiar mallscape of suburbia, a big supermarket and a strip of gleaming shops behind a parking lot the size of a football field. But it is a stone's throw from a public housing tower.
This is 47th Street in the pockmarked North Kenwood section of Chicago, where the population has dwindled by two-thirds in the last 30 years, with whole blocks sitting vacant, rejected as untouchable by investors who saw more danger than hope.
Now investors see an urban Lazarus, a long-moribund neighborhood coming back to life, a striking example of how economic prosperity is changing the face of America. It is also a vivid illustration of how a City Hall, which in Chicago is the landlord for much of the cleared land, can transform a neighborhood by knocking down eyesores, readying parcels and recruiting developers..."
The rest is here:
http://query.nytimes.com/gst/fullpag...53C1A96F958260
It's worth reading the whole thing; eight years ago seems quite far away now.
1. The article notes that the cost of the 47th street store was only $9.1 million. Couldn't the co-op get a loan and be its own developer? No, they go and sign a 25 year lease with no escape clause. How did this happen? I can't help thinking there was some kind of underhand dealing here, it'd be nice to see a scrappy SunTimes reporter sniff things out.
2. As the NYT article suggests, the 47th street store was as much a "mission," combined with urban renewal euphoria, as it was expansionism (as per the 53rd street store). Plus, as many people I know, I have always been put off by the union-security bred indifference to good service at the store. In short, a left-wing tendency to urban optimism and indulgence to unions contributed to the demise of the co-op.