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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

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