Here are responses to recent questions about the proposed redevelopment.
Planned construction schedule:
Fresh Market & garage: begin construction in Spring/Summer 2011, complete in Fall/Winter 2011
Geneva medical/professional building: begin construction Fall/Winter 2011, complete in Fall/Winter 2012
The Residences building (Webster): begin construction Spring/Summer 2012, complete Spring/Summer 2013
The Flats building (Grant): begin construction Spring 2012 or Summer 2013 (depending on market demand) complete one year later
The lease for the Fresh Market is one 10-year term with six five-year options, for a total term of 40 years.
Decision to forego senior living in favor of the medical offices and how this will impact the neighborhood.
Some residents opposed the senior living component as it would include approximately 170 dwelling units, increasing traffic and pedestrian crossings to the garage. Also, the senior component included more retail space (on both sides of Webster) - with less retail the additional units for senior living became less critical and less feasible.
The professional/medical offices are an ideal use of this building. A number of potential users have already expressed interest.
The medical offices are already permitted under the current and proposed zoning. If the proposed rezoning is not approved, that building could be leased in the immediate future with tenants already identified.
Addresses within the 250' boundary as recognized by the Chicago Department of Housing and Economic Development which includes the Zoning division. These are the addresses of the residents who would be most affected by the proposed redevelopment.
Belden: 447 - 629 odd & 512 - 548 even
Cleveland: 2119 - 2299 odd & 2120 - 2258 even
Geneva: 2200 - 2299 all
Grant: 444 - 599 all
Lincoln: 2121 - 2247 odd & 2120 - 2228 even
Larrabee: 2119 - 2151 odd
Webster: 444 - 630 even & 447 - 599 odd
Potential tenant mix at the proposed Medical/Professional Building:
MRI / Diagnostic Imaging Centers, Pediatric Physicians Groups, Physical Therapists, Cardiac Care Clinics, Ambulatory Surgery Centers, Hospital Groups/Branches, Medical Accounting/Billing Servicers, Critical (non-trauma) Care Centers, Family Counseling, Psychologists, Psycho-therapists and counseling, Cosmetic Surgery, Orthopedic Surgery, Orthopedic/Prosthetic therapy, Chiropractic, Naprapaths, Natural and Holistic Practitioners, Fertility Clinics, Podiatrists, Dermatologists, Optometrists, Opthalmologists, Nutritionists, Dieticians, Weight Loss Clinics, Dentists, Orthodontists, Oral Surgeons, other Medical and Related Professions, CPAs, Attorneys, Architects and other Professionals.
Normal Hours of Operation will be 8:00am - 6:00pm, Monday through Saturday. Parking validation will be available for tenants and their visitors.