With the “buying and developing frenzy” underway around North and Clybourn avenues, more retail behemoths are poised to join big-box brethren like Best Buy and Home Depot in the heavily trafficked area. Crain’s Chicago Business reports on developers snatching up sizable plots south of North Avenue as the nearby Cabrini-Green public housing buildings disappear and retail in the area thrives. Plans for an 8.2-acre former YMCA site call for condos, restaurants, a Roundy’s grocery store and boutique shops — all told, 350,000 square feet of new shopping space on that site alone. Eventually, the shopping mecca could stretch down to Division Street.
Now, anyone who has been to this area recently (especially since the bridge at North Avenue has been under construction) knows just how ugly the motor traffic can get, and this new wave of development will surely amplify congestion in the area, so how do you think current condo developments in the area will be affected? Smithfield Properties twin-tower development SoNo, which has yet to begin construction, will bring 200 condos to a site at 860 W Blackhawk St, and The Axis (pictured) sits right above the CB2 store at 1600 N Halsted St. SoNo’s one- to three-bedroom condos are priced from the $300s to the $590s, and The Axis has one- and two-bedroom condos priced from the $230s.