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Target Gets City Help for $42M West Ridge Store

CHICAGO-The 160,000-sf store at 2036-2136 W. Peterson Ave. will be built on the site of a former big-box that once was home to a Venture, and then a Kmart, before becoming vacant in 2002.

By Mark Ruda | Updated on February 08, 2005

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CHICAGO-Having landed what it considers a prime location despite the failure of two other big-box retailers, Target Corp. also will get $4.6 million in tax increment financing to build a 160,000-sf, $42-million store at 2036-2136 W. Peterson Ave. Along with another store being built in the McKinley Park neighborhood, Target’s store in the West Ridge community will be the Minneapolis-based retailers first two outlets in the US meeting LEED-certified environmental standards.

In addition to 130 trees planted on the 6.5-acre site between Damen Avenue and Rosehill Cemetery, the Target store will have a “green roof” over more than 50% of the building’s cover. The store’s design is unique in the retailer’s portfolio, not only because it fits between two of the chain’s three prototypes–a 138,000-sf model and a 175,000-sf Superstore concept. It will be built above a parking area, with 503 spaces, to maximize use of the land.

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