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$6M Retail Center to Replace Parking Lot

CHICAGO-A 10,000-sf retail center with rooftop parking will be built at the northeast corner of Western and Rosemont avenues, where the city has operated a 48-space metered parking lot.

By Mark Ruda | Updated on July 12, 2005

CHICAGO-A city-owned parking lot in the 6300 block of N. Western Avenue will be redeveloped with a 10,000-sf retail center with rooftop parking. The developer, 6301 N. Western LLC, has agreed to pay the city nearly $1.8 million, or $80 per sf, for the 22,122-sf site now occupied by 48 metered parking space.

The $6-million project will create 74 parking spaces, 10 of them reserved for the five tenants who will likely pay rents ranging from $25 per sf to $30 per sf. “This one is a win-win situation for my community,” says 49th Ward Alderman Bernard Stone. “It’s the beginning of additional economic development in this area, which has been underdeveloped in the past.”

Although a restaurant is among the possible tenants, the developers are looking for service-oriented businesses, says Michael Emerson of VOA Associates, architects for the project. The design includes building up to the lot lines along Western Avenue as well as Rosemont Avenue, he tells the community development commission Tuesday, as well as a building with 16-foot ceilings. In addition to planting 12 trees along the 204 feet of parkway along Western Avenue, the design includes a water retention system on the environmental “green roof,” allowing rain water to be recycled.

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