East 39th Street Commercial Corridor Plan by Chris Devins
Street Commercial Corridor Plan is a comprehensive commercial real estate development plan that envisions the future of the East 39th Street Commercial Corridor and the surrounding 2 mile trade area in Chicago, based on current demographic, real estate market, zoning, land use, political and commercial business data. For more visit Chris Devins Creative on the web. https;//chrisdevinscreative.com
Street Commercial Corridor Plan is a comprehensive commercial real estate development plan that envisions the future of the East 39th Street Commercial
Corridor and the surrounding 2 mile trade area in Chicago, based on current demographic, real estate market, zoning, land use, political and commercial business data. For more visit Chris Devins Creative on the web. https;//chrisdevinscreative.com
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INTRODUCTION<br />
Located in the heart of Bronzeville, <strong>East</strong><br />
<strong>39th</strong> <strong>Street</strong> is an approximately 1 mile<br />
long commercial corridor that runs from<br />
Langley (600 <strong>East</strong>) on the <strong>East</strong> to Interstate<br />
90/94 on the west (200 West).<br />
Historically <strong>East</strong> <strong>39th</strong> <strong>Street</strong> served as a<br />
neighborhood shopping and restaurant<br />
district for the residents of the 3500 unit<br />
Ida B. Wells/Madden Park apartment<br />
complex. As part of the Chicago Housing<br />
Authority’s <strong>Plan</strong> of Transformation<br />
the residents of Wells/Madden Park<br />
were relocated and the complex was<br />
torn down. The last units were demolished<br />
in 2004, greatly reducing the<br />
population density of the neighborhood.<br />
This meant much less money was being<br />
spent on the <strong>39th</strong> <strong>Street</strong> corridor and<br />
conditions began to deteriorate. One<br />
<strong>by</strong> one local businesses, the economic<br />
engines of the corridor, began to close.<br />
Small businesses such as Sunrise Foods<br />
and Grocery, The Blue Sea Drive-In,<br />
Cee’s Gyros, Midway Barbershop, Dorothy’s<br />
Barbershop and Atlanta Liquors,<br />
facing declining revenues ceased operations.<br />
Businesses strong enough to relocate<br />
to other more lucrative areas did<br />
so and a cycle of decline and disinvestment<br />
began which lead to the corridor’s<br />
current state.<br />
<strong>East</strong> <strong>39th</strong> <strong>Street</strong> has some apparent<br />
strengths and there are positive changes<br />
occurring that bode well for its future.<br />
Some pluses on the corridor include<br />
an Average Daily Traffic count at Illinois<br />
Interstate 90/94 of 232,800 cars per day<br />
and 119,700 per day on the east end<br />
at Lake Shore Drive. While population<br />
is expected to decline slightly <strong>by</strong> 2015,<br />
in Douglas (2010 population 27,022) on<br />
the north side of <strong>39th</strong>, median income<br />
rose from $26,720 in 2000 to $31,526 in<br />
2010. This trend is expected to continue<br />
through 2015. Grand Boulevard (population<br />
26,651) to the south has a median<br />
income of $25,249, up from $19,723 in<br />
2000. These numbers are in inflation<br />
adjusted 2009 dollars. Fifteen percent<br />
of Douglas residents have a Master’s Degree<br />
or higher, 17% a Bachelor’s degree.<br />
The numbers from the half and 1 mile<br />
trade areas are similar and improve as<br />
the 3 mile trade area is approached. Access<br />
to funds is another of the corridor’s<br />
strengths. <strong>East</strong> <strong>39th</strong> street is within<br />
both TIF 61 and Enterprise Zone 2, each<br />
of which can supply development and<br />
incentive funds that can be used to<br />
improve the corridor. <strong>39th</strong> <strong>Street</strong> has<br />
political assets, as well. In Pat Dowell<br />
of the 3rd Ward and Will Burns of the<br />
4th, the area has two highly competent,<br />
dynamic aldermen to help lead future<br />
development.<br />
The corridor faces many challenges,<br />
also. A significant land use problem<br />
along <strong>39th</strong> <strong>Street</strong> is the high number of<br />
vacant structures and lots. In addition,<br />
at the center of the corridor, from King<br />
Drive to Langley are small, narrow lots<br />
that are zoned for higher quality uses<br />
than their size allows. These small lot<br />
sizes restrict the types and sizes of businesses<br />
willing to locate on <strong>39th</strong> street.<br />
The corridor is locked in on both sides<br />
<strong>by</strong> dull, uninformative highway exits and<br />
blocks of empty lots as you approach<br />
from both the east and the west, making<br />
what few stores that are present<br />
there difficult to find. Someone exiting<br />
from the major arteries to both the east<br />
and the west must drive two to three<br />
blocks before coming upon the <strong>East</strong> Pershing<br />
<strong>Commercial</strong> <strong>Corridor</strong>. In addition,<br />
Interstate 90/94 forms a barrier that<br />
effectively cuts <strong>East</strong> Pershing off from<br />
neighborhoods to the west. Outside<br />
threats to the corridor include 500,000<br />
square feet of retail development in the<br />
near<strong>by</strong> Lake Meadows Shopping Mall<br />
and the oversaturation of retail development<br />
in the United States. Since 2000,<br />
developers have built 1 billion square<br />
feet of new retail 1 . Economically, <strong>39th</strong><br />
1 “R & G Annual Market Summaries from REIN RETAIL<br />
REPORT.” Rein & Grossoehme <strong>Commercial</strong> Real Estate)- Brokers-<br />
Shopping Centers, Office & Industrial Buildings, Mini<br />
Warehouse/Self Storage and Land Investments (for Sale);<br />
Retail, Office, Industrial <strong>Commercial</strong> Space Leasing; Tenant<br />
Representation. Web. 16 Nov. 2011. .<br />
1